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Can you explain in more detail how DeFi is possible with Bitcoin? I thought that smart contacts in particular are not possible due to Bitcoin Script's limitati

• jl2718 4y ago
  A simple way to do this is to lock up coins on a lightning channel and then use that state as input to a side chain. This would probably require some form of massive multisig to form output consensus, which is a lot more efficient with Schnorr signatures, but not great. Bitcoin could become Turing-complete, private, and very efficient with the addition of a few op-codes required in zero-knowledge verification. This would probably lead to a hard fork because the “industry” would not accept it.