Taproot Wizards gives a big boost to the Satoshi-era Bitcoin Code Idea

article-image

Taproot Wizards wants to bring back an idea that was first used by Bitcoin creator Satoshi Nakamoto in the early days.

A bit of code — an opcode, short for “operation code” — known as OP_CAT was part of Bitcoin’s original scripting system and was used to concatenate (hence the “CAT”() Two strings

Think of an opcode like a single step in a process, such as “chop the onions” You can also find out more about “boil water.” This tells the computer what to use the data that it is given. The opcode could, for instance, tell the Bitcoin network to check if a number is greater than another or combine two data pieces.

Each opcode acts as a building block, which, in combination with other opcodes, forms the rules and conditions that govern the operation of transactions on the Blockchain. Many of the opcodes from this time period are still active.

Satoshi Nakamoto disabled several opcodes in 2010 due to concerns over potential vulnerabilities that could affect the network. Satoshi was concerned that it could be used for a DoS attack.

Udi Worthheimer, of Taproot Wizards which is a promoter for Ordinals, believes it’s time to reinstate this particular Opcode.

“It’s not a full-blown smart contracting language like on Ethereum or Solana, but it does enable a lot of functionality that we couldn’t do before,” Wertheimer spoke to Blockworks and gave the examples of decentralized trading systems and bridge assets.

Bitcoin, unlike Ethereum, was deliberately limited in its programmability to make it simpler and more secure.

Wertheimer stated that the OP_CAT code can be reactivated by a simple code change. It only takes around 10 lines to do so.

Bitcoin has a reputation for being difficult to modify. This is due to the slow-moving consensus process between a handful of developers, who then update the software.

One advantage of OP_CAT, like another recent proposal to expand Bitcoin’s utility, BitVM, is that it would not require a hard fork — the most contentious type of change. OP_CAT requires only a’soft fork’, which involves less coordination between stakeholders. In 2021 the last occurred with Taproot being activated, which enabled Ordinals.

See also  Zerebro - a creative path to AGI

“[OP_CAT] actually enables bridging which — I think even [BitVM proponent] Robin Linus would agree — without some sort of soft fork, BitVM in practice would be difficult to use,” Wertheimer stated.

BitVM is not necessarily a fork. However, Wertheimer says that Linus has OP_CAT as he believes it will make his goals easier.

Some Bitcoin Forks such as Bitcoin Cash already have enabled OP_CAT. In May 2018, developers brought the opcode back as part of an effort to improve the scripting capabilities of Bitcoin Cash.

Some of the uses of OP_CAT in Bitcoin Cash involve the creation and management of tokens, payment channels, and methods for embedding and retrieving data on the blockchain.

This opcode also works on Blockstream Liquid’s sidechain, where decentralized token trading is enabled.

Quantum Cats

Bitcoin’s NFTs do not contain any metadata, but instead are immutable inscriptions. This doesn’t necessarily mean that they are static.

Taproot Wizards is a program that creates. “evolving inscriptions,” These are devices that have been pre-programmed so as to gradually reveal the new features.

Quantum Cats, a set of limited edition 3,333 images of cats was revealed fully on Friday following a mystifyingly expensive transaction made last week.

On Friday, the full collection of images was unveiled. The encrypted data is what will allow the images to change over time — Wertheimer said there would be “a bunch” There will be changes, but the government has declined to state how many or when they might occur.

“The process of making it was really fun because we had to try to anticipate what was going to happen — because once we put it in there, we can’t touch it anymore,” He clarified.

First, we have a 1 of 1. “Genesis Cat” Taproot Wizards is an artist “FAR” Sotheby’s is selling the artwork at auction starting today until Jan. 22, 2019.

See also  Competitors circle after Jupiter founder posts slur

This is a campaign to promote the Bitcoin developer’s work.

“I think that can bring a lot of attention and basically celebrate the fact that there are developers who’ve been working on OP_CAT and perfecting it for the last five years, and people barely know about it,” Wertheimer stated. “The behind the scenes work is very technical, very political, and it’s very hard for people to get exposure to what’s really going on.”

Ethereum developers, on the other hand, plan, discuss, code, and upgrade the blockchain fully in public. Major features such as EIP-1559 and Proto-Danksharding are promoted with great fanfare.

Taproot Wizards is looking to infuse Bitcoin with a rallying spirit similar to that of Taproot Wizards.

“I know a lot of people think that Bitcoin shouldn’t change,” Wertheimer said “I think Bitcoin should be very slow to change and very careful, very deliberate to change.”

He argues that Bitcoin has not yet reached its full maturity, and laments the fact that governance is ineffective. “somewhat broken.”

“Almost the entire technical community is in agreement that there will be more upgrades, but there is difficulty in figuring out which ones,” “He said”

It is time for change.

“Bitcoin as it is today just cannot yet serve billions of people.”

Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.
leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

Crypto pump signals for Binance