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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
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#TBC# The misleading nature of Secure Hash Algorithm 256
TBC labels "Core Algorithm: Secure Hash Algorithm 256" - this is the Bitcoin mining algorithm and is unrelated to smart contract development. The intentional mixing of terms is to ride the wave of Bitcoin's popularity.
The analogy error of "the relationship between ETH and ARB"
ARB is an Ethereum Layer 2 (based on Rollup technology), and ETH itself already supports smart contracts.
Bitcoin ≠ Ethereum, forcibly applying logic is a form of conceptual confusion.
The paradox of "relieving congestion"
If BVM runs on the Bitcoin mainnet, each contract calculation will require miner verification, which will instead exacerbate congestion (in contrast: the surge in Ethereum Gas fees is due to the resource consumption of contract calculations).
Technical feasibility conclusion
⚠️ The technical roadmap described by TBC is a "science fiction level" concept:
Short-term impossible (3-5 years): Bitcoin core developers have repeatedly stated that they will not support virtual machine functionality.
Mid-term unnecessary: Existing Layer 2 solutions (such as Stacks, RSK) have already met the demand for smart contracts in the Bitcoin ecosystem.
Long-term infeasibility: unless Bitcoin completely rewrites its code (equivalent to destroying the original network), it cannot be achieved.
Action Suggestions
Technical Validation Method
Visit its GitHub repository (if available) to check the code update frequency: air coins usually have no substantial submissions throughout the year.
Search the Bitcoin developer community (such as Bitcoin StackExchange) for discussions on "BVM" - chances are there are zero mentions.
Beware of rhetoric packaging
The project party uses grand terms such as "pioneering" and "releasing potential" to cover up the technical emptiness, essentially dressing old scams in new clothes.
Refer to authoritative analysis
Bitcoin core developer Jimmy Song once publicly criticized: "All projects claiming to transform Bitcoin to support smart contracts are either fraudsters or lunatics." (Source: Twitter @jimmysong 2023.11)
Remember: true technological innovation never relies on the "miraculous upgrades" that have not yet happened.