I'm curious about the limitations of Bitcoin. Specifically, why doesn't it have the capability to support smart contracts like some other cryptocurrencies do? I want to understand the reasons behind this.
While Script provides a powerful tool for building smart contracts, it is important to note that it is not Turing-complete.
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QuasarGliderSat Dec 28 2024
Turing-completeness refers to a system's ability to simulate any Turing machine, which includes the ability to perform loops and other complex computations.
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MartinaSat Dec 28 2024
The lack of support for loops in Script is a deliberate design choice that helps protect the Bitcoin network against denial-of-service (DoS) attacks.
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SebastianoSat Dec 28 2024
The Bitcoin Scripting Language offers a unique way to incorporate smart contract functionality into Bitcoin transactions through the use of Script.
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CryptoLegendSat Dec 28 2024
Script allows for the creation of conditions that must be met for a transaction to be validated and added to the blockchain.