There has been a long-standing and ongoing debate concerning bitcoin’s best use cases. Many opine as to what they believe are the best-use cases so that it can reach its full potential. During a recent Reddit AMA, Dmitry Petukhov, Simplexum’s Chief Software Architect, responded to questions concerning the advantages and disadvantages of liquid assets that appear on Ethereum and ERC20.

As he stated,

“Confidential transactions (values and assets are blinded to those who do not possess the blinding key).Assets are native to the protocol, no need to write custom contracts in the turing-complete script and spend a lot of resources to audit these contracts.”

He continued that

“Not only bitcoin’s stable network as a peg, but bitcoin’s stable tech in general. Simple non-turing-complete scripts which is possible to exhaustively analyze. Will be even simpler to build and analyze with miniscript.”

Petukhov then discussed atomic swaps involving assets, and stated that atomic swaps that occur in the network do not use a lot of instruction, rather, they operate in a smooth and functional manner. He added,

“Since assets are native, atomic swaps of assets within the network are simple cooperatively signed transactions, which can also swap multiple assets in one transaction (similar to EIP875, I suppose, but do not require any contract code – can be done with simple single-sig addresses).”

Bitcoin Liquid Indices recently became mainstream with its listing on the Nasdaq. In an official statement, Nasdaq stated that, essentially, the listing provides a real-time spot or reference rate for the price of one BTC and one ETH. The pricing is based on the most liquid ends of their markets.

Today's Bitcoin (BTC) Price Prediction: Latest Ethereum (ETH), Ripple (XRP) and BCH Analysis

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