hello on Nostr: 🚨 SCANDAL: TODAY, BITCOIN JOINED WITH SHITCOINS. And that's good for you. Here's ...

🚨 SCANDAL: TODAY, BITCOIN JOINED WITH SHITCOINS. And that's good for you. Here's why:

Have you seen what Citrea released today? A scalability few expected for Bitcoin... becoming compatible with Ethereum (EVM compatibility). HUH?

Well, now that I have your attention, I continue with less hype:

You may have heard that altcoins serve as a laboratory for Bitcoin.

And many people criticize Bitcoin saying it doesn't scale or that it's just a pet rock because it doesn't have smart contracts. These criticisms make some people look towards cryptos, but what they don't realize is that if something truly good appears on these other networks, Bitcoin can and will incorporate it. Enter Citrea.

Citrea brings a big novelty to Bitcoin, allowing it to make many more transactions and even become compatible with EVM, which is the basis for Ethereum's smart contracts. This shows that Bitcoin is not stuck in time, unlike what some declared enemies of Bitcoin keep saying as a FUD strategy.

Using a technique called zero-knowledge proofs, Citrea doesn't focus on hiding information, but on making the system scalable, confirming transactions without needing a lot of data.

What Citrea does is bundle several transactions outside of the Bitcoin blockchain and then only shows a tiny proof that everything is right, without clogging the timechain with details. This means you can do a lot more with Bitcoin, without losing the security we like.

With Citrea, Bitcoin begins to use smart contracts similar to those of Ethereum, without needing to change how Bitcoin works underneath. This opens the door for Bitcoin to do things that we previously only saw in other currencies, such as automatic exchanges and other decentralized financial functions. In other words, the "edge"/differential of shitcoins that declared themselves different is over.

Learn more at https://arata.se/wjylu