How Bitcoin Could Soon Consume Ethereum As The King Of Smart Contracts
4 months ago
Ethereum
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This video discusses how Bitcoin may potentially overtake Ethereum as the leading smart contract platform over time if it can successfully upgrade its capabilities.
If Bitcoin is able to offer a smarter contracts platform that has higher transaction throughput, greater security and lower fees than Ethereum, the video explains that this could siphon off developers and decentralized applications(dApps) from Ethereum to the Bitcoin network over the long run. Many projects may find it preferable to build on Bitcoin due to its much larger size and longer track record compared to Ethereum.
The video also examines Craig Wright's claims about owning close to 4,000 blockchain patents as discussed in a recent Forbes article. It highlights how the article argued that whether Wright actually invented Bitcoin may not matter as much as whether these patents will potentially force programmers to stop using open-source blockchain software freely or require paying fees. This Sis an important legal issue that could impact future innovation in the industry.
Overall, the video provides analysis on how upgrades to Bitcoin's smart contract capabilities may allow it to surpass Ethereum by attracting network effects and how Wright's patents could influence blockchain development if enforced aggressively.
Forbes reveals extent of nChain patent empire?and the campaign to destroy it.
It may not matter if Craig Wright created Bitcoin. The real question is whether the nearly 4,000 patents he controls or has pending will force computer programmers around the world to stop using open-source software as they now do?or pay for the privilege.
https://coingeek.com/forbes-reveals-extent-of-nchain-patent-empire-and-the-campaign-to-destroy-it/
Here?s how Bitcoin works as the base layer for other blockchains | Dr. Craig Wright | #GBC22
https://www.youtube.com/watch?v=Z1Tko0yyjq0&t=513s
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