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Atomicals Protocol Releases White Paper for Atomicals Virtual Machine
According to PANews, Atomicals Protocol has announced the release of the Atomicals Virtual Machine (AVM) white paper. The software release will be completed in stages, beginning with the operation of the interpreter, followed by modifications to the indexer nodes.
The white paper mentions that all existing digital asset protocols on Bitcoin are based on fixed rules for the creation and transfer of digital assets. By allowing programmers to define state machine logic to establish creation and transfer rules, it is possible to create fully flexible (Turing complete) smart contracts. AVM proposes a solution that uses Bitcoin as a global database to store smart contract codes in transactions and execute these codes in a sandbox runtime environment, thereby implementing smart contracts.
This is a natural step in the evolution of digital asset protocols on Bitcoin, and also serves as a testing platform for original Bitcoin operation codes, demonstrating their flexibility and security.
The white paper mentions that all existing digital asset protocols on Bitcoin are based on fixed rules for the creation and transfer of digital assets. By allowing programmers to define state machine logic to establish creation and transfer rules, it is possible to create fully flexible (Turing complete) smart contracts. AVM proposes a solution that uses Bitcoin as a global database to store smart contract codes in transactions and execute these codes in a sandbox runtime environment, thereby implementing smart contracts.
This is a natural step in the evolution of digital asset protocols on Bitcoin, and also serves as a testing platform for original Bitcoin operation codes, demonstrating their flexibility and security.