Sidechain developer StarkWare and Weizmann Institute of Science researchers claim to have created a workaround for multiple Bitcoin script limitations.
According to a recent research paper, the new design claims to allow the deployment of complex smart contracts on Bitcoin in a more capital-efficient manner. The new system may also be vastly more efficient from a computing standpoint.
ColliderVM is a protocol designed to enable stateful computation on Bitcoin, allowing multi-step processes to be securely executed over multiple transactions. Traditionally, Bitcoin script output is not accessible to other scripts, making complex calculations nearly impossible.
The researchers argue that ColliderVM could allow the use of Scalable Transparent Arguments of Knowledge (STARKs) — a type of zero-knowledge proof — on Bitcoin without requiring consensus-level changes to the network. The architecture would let Bitcoin verify complex offchain computations with minimal onchain data.
ColliderVM targets Bitcoin limitations
Each Bitcoin block can contain up