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The EVM is a natural extension of bitcoin's scripting system. Here's the original Ethereum whitepaper, Vitalik cites all sorts of pre-Ethereum work: https://gi

The EVM is a natural extension of bitcoin's scripting system. Here's the original Ethereum whitepaper, Vitalik cites all sorts of pre-Ethereum work: https://github.com/ethereum/wiki/blob/old-before-deleting-all-files-go-to-wiki-wiki-instead/old-whitepaper-for-historical-reference.md https://github.com/ethereum/wiki/blob/old-before-deleting-al... There were tokens (Colored Coins) and Dexs (Omni) running on Bitcoin before ETH was launched.

chrisco255 6y ago
Omni is a completely different blockchain than BTC. That's what powers the Tether network. It's far from decentralized though. It's a cartel of exchanges that operate the network. Colored coins were a neat idea but completely impractical in practice. Hence, why they never took off. Bitcoin script is far too limiting to build expansive applications on.
- Proven 6y ago
  > Omni is a completely different blockchain than BTC. Complete nonsense. a) https://www.omnilayer.org/ https://www.omnilayer.org/ - it says "Built in top of the Bitcoin Blockchain" right there on the home page b) Usually a separate database with an index of overlay transactions is created to enable faster and easier access to overlay transactions in Bitcoin blocks
- bhjgh777 6y ago
  >Omni is a completely different blockchain than BTC. This is plain false. It says so in big letters, right at the top of their website: https://www.omnilayer.org/ https://www.omnilayer.org/ >That's what powers the Tether network. Tether has issued tokens on the Omni protocol, Ethereum, and other networks. The blockchains and amounts are listed here: https://wallet.tether.to/transparency https://wallet.tether.to/transparency >Bitcoin script is far too limiting to build expansive applications on. My original point was that weak smart contract features on Bitcoin motivated Ethereum's creation (Vitalik's name is on the Colored Coins whitepaper). This is in contrast to GGP's proposition that Ethereum had underrated novelty.

chrisco255 6y ago

Omni is a completely different blockchain than BTC. That's what powers the Tether network. It's far from decentralized though. It's a cartel of exchanges that operate the network. Colored coins were a neat idea but completely impractical in practice. Hence, why they never took off. Bitcoin script is far too limiting to build expansive applications on.

Proven 6y ago
> Omni is a completely different blockchain than BTC. Complete nonsense. a) https://www.omnilayer.org/ https://www.omnilayer.org/ - it says "Built in top of the Bitcoin Blockchain" right there on the home page b) Usually a separate database with an index of overlay transactions is created to enable faster and easier access to overlay transactions in Bitcoin blocks
bhjgh777 6y ago
>Omni is a completely different blockchain than BTC. This is plain false. It says so in big letters, right at the top of their website: https://www.omnilayer.org/ https://www.omnilayer.org/ >That's what powers the Tether network. Tether has issued tokens on the Omni protocol, Ethereum, and other networks. The blockchains and amounts are listed here: https://wallet.tether.to/transparency https://wallet.tether.to/transparency >Bitcoin script is far too limiting to build expansive applications on. My original point was that weak smart contract features on Bitcoin motivated Ethereum's creation (Vitalik's name is on the Colored Coins whitepaper). This is in contrast to GGP's proposition that Ethereum had underrated novelty.