CoinVoice has recently learned that on October 13, according to Cointelegraph, Bitcoin developer Super Testnet said that the purpose of BitVM is to expand Bitcoin, rather than launch Ethereum-like decentralized financial applications on the network.
The BitVM whitepaper was published on October 10 by ZeroSync project leader Robin Linus, and the anonymous developer Super Testnet provided technical support to implement the first proof-of-concept of BitVM and work on expanding the functionality of BitVM. After the release, some industry experts believe that BitVM will bring DeFi to Bitcoin, just as the Ethereum Virtual Machine (EVM) did for Ethereum.
Super Testnet said that building a decentralized trading platform on Bitcoin would be a "step backwards". BitVM focuses on expansion, rather than implementing smart contracts and issuing a large number of altcoins. The real killer application is to expand Bitcoin. In addition, BitVM can fix a flaw in the Lightning Network. [Original link]
