Super Testnet, the developer of Bitcoin, reiterated that the purpose of BitVM is to expand Bitcoin, not to launch decentralized financial applications similar to Ethereum on the network. BitVM's white paper was released by Robin Linus, the project leader of ZeroSync, on October 10th, and was supported by anonymous developer Super Testnet to implement the first concept verification of BitVM and is committed to expanding BitVM's functionality. After the release, some industry experts believed that BitVM would bring DeFi to Bitcoin, just as the Ethereum Virtual Machine (EVM) did for Ethereum. Super Testnet stated that building a decentralized exchange on Bitcoin would be a "step backwards". BitVM focuses on scalability, not implementing smart contracts and a large number of altcoins. The real killer application is to expand Bitcoin. In addition, BitVM can fix a flaw in the Lightning Network.
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