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DealBox Asks If Bitcoin Stuck in the Past? How It’s Quietly Becoming a Programmable Blockchain Powerhouse

GlobeNewswire LogoGlobeNewswire13h ago

DealBox Asks If Bitcoin Stuck in the Past? How It’s Quietly Becoming a Programmable Blockchain Powerhouse - GlobeNewswire

Quick Summary:

By using Bitcoin as the root of trust and combining it with off-chain execution frameworks, OroBit opens the door for developers to leverage Bitcoin’s robust base layer while enjoying the creative freedom that previously existed mainly in Ethereum’s realm. For instance, OroBit can deploy a "Simple Contract Language” (SCL) to manage data off-chain via decentralized nodes, verifying contract logic without overloading Bitcoin’s main blockchain.

Fidelity, which manages $5.9 trillion in assets, recently asserted that "The Lightning Network appears to be successfully delivering on its goal of being the most efficient way to transact in the digital asset ecosystem.” Such endorsements underscore the growing confidence in Bitcoin’s ability to power fast, cost-effective applications—ultimately bridging the gap between digital gold’ and a fully programmable blockchain.  Bitcoin stands ready to leverage its immense liquidity and unparalleled security to empower developers, investors, and users seeking innovative solutions.

Attempts to graft complex applications directly onto Bitcoin’s blockchain often met resistance due to concerns around data bloat, security risks, and consensus changes. However, a new class of solutions is rising to the challenge by performing the heavy lifting off-chain and simply anchoring the integrity and ownership proofs back to Bitcoin.

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Article Details

Author / Journalist: Deal Box

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-03 @ 22:53:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 1105 words

Reading Time: 7 minutes read

Sentences: 45 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 26647638

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 67 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 11 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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