The developer behind BitVM reveals the technology’s position within the Bitcoin ecosystem amidst intense criticism. 
The technology is not designed to replicate Decentralized Finance (DeFi), it aims to produce a different type of service. 
According to the developer spearheading the creation of BitVM, the BitVM technology is not another Bitcoin competitor.
In a recent post shared to X (Twitter), a developer working on the Bitcoin-based virtual machine (BitVM), addresses rumors that the technology would introduce decentralized finance (DeFi) to Bitcoin. The developer explained that the technology is designed to scale Bitcoin and has no plans of making it a DeFi application that runs like Ethereum on the Bitcoin network.
The developers’ comments are in response to a comment made by another X user. “btc doesn’t need to replicate all aspects of finance.” The user wrote.
To clarify the position of the BitVM technology, the developer said the following;
Sound money is enough, tru

Czytaj więcej

We współpracy z: https://www.crypto-news-flash.com/bitvm-developer-clarifies-its-purpose-not-another-ethereum-for-bitcoin/?utm_source=rss&utm_medium=rss&utm_campaign=bitvm-developer-clarifies-its-purpose-not-another-ethereum-for-bitcoin