12 Lines of Code Could End Bitcoin as We Know It (Hooray?)

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12 strains of code.

Apparently that’s all it takes…

12 strains of code, and…BOOM!

A few of Ethereum’s hottest performance can simply be copied by Bitcoin.

Factor is — this ain’t new! In actual fact, this code was once part of Bitcoin…but it surely was deleted by none aside from Satoshi Nakamoto, as he/she (they?) believed it uncovered the community to large safety flaws.

And now three builders need to add this code, often called ‘OP_CAT,‘ again in.

There’re execs and cons to the proposal — so let’s rip the bandaid off — beginning with…

Cons:

OP_CAT was faraway from Bitcoin’s core code by Satoshi, as a result of they believed it opened the community as much as distributed denial-of-service (DDoS) assaults.

Think about somebody with the ability to remotely open 1000+ browser tabs in your laptop, each second (the factor would rattling close to soften!).

DDoS assaults work in the same method – the essential intention is to overwhelm the Bitcoin community with a lot site visitors that it’s compelled to close down.

Execs:

The Bitcoin neighborhood is staunch as hell relating to altering/updating Bitcoin’s core code. So this factor isn’t going to occur if it will probably’t be executed safely.

Now, if it may be executed safely — Bitcoin may be about to get very Ethereum-y.

Confused? Right here’s what meaning:

Proper now, sending transactions on Bitcoin is like driving an armored tank to work every day — certain, it’s tremendous safe…but it surely’s additionally gradual and loopy costly.

OP_CAT would permit ‘Ethereum-style’ layer 2’s to be simply constructed on Bitcoin — which might be akin to buying and selling the armored tank in for a 1999 Toyota Corolla.

(I.e. quicker, and cheaper).

On high of that, Ethereum-style platforms like decentralized exchanges (and even file internet hosting) would develop into a lot simpler to construct/implement on Bitcoin.

Sounds fascinating. Let’s see if the BTC neighborhood will permit it!