Simplexum Chief Software Architect Discusses Liquid Asset Advantages and Disadvantages


There has been a long-standing and ongoing debate concerning bitcoin’s best use cases. Many opine as to what they believe are the best-use cases so that it can reach its full potential. During a recent Reddit AMA, Dmitry Petukhov, Simplexum’s Chief Software Architect, responded to questions concerning the advantages and disadvantages of liquid assets that appear on Ethereum and ERC20.

As he stated,

“Confidential transactions (values and assets are blinded to those who do not possess the blinding key).Assets are native to the protocol, no need to write custom contracts in the turing-complete script and spend a lot of resources to audit these contracts.”

He continued that

“Not only bitcoin’s stable network as a peg, but bitcoin’s stable tech in general. Simple non-turing-complete scripts which is possible to exhaustively analyze. Will be even simpler to build and analyze with miniscript.”

Petukhov then discussed atomic swaps involving assets, and stated that atomic swaps that occur in the network do not use a lot of instruction, rather, they operate in a smooth and functional manner. He added,

“Since assets are native, atomic swaps of assets within the network are simple cooperatively signed transactions, which can also swap multiple assets in one transaction (similar to EIP875, I suppose, but do not require any contract code – can be done with simple single-sig addresses).”

Bitcoin Liquid Indices recently became mainstream with its listing on the Nasdaq. In an official statement, Nasdaq stated that, essentially, the listing provides a real-time spot or reference rate for the price of one BTC and one ETH. The pricing is based on the most liquid ends of their markets.

Todays-Bitcoin-BTC-Price-Prediction-Latest-Ethereum-ETH-Ripple-XRP-and-BCH-Analysis

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide