The three pillars of Bitcoin (BTC) are about to fix the currency - StarkWare CEO

CN
8 days ago

Source: Cointelegraph Original: "{title}"

Bitcoin (BTC) should not just remain as it is.

When Satoshi Nakamoto released the white paper in 2008, it was not intended to become digital gold, but rather a peer-to-peer cash system. Fast forward to today, Bitcoin (BTC) faces a common agreement among its biggest critics and supporters: it does not truly operate like a currency, at least not yet.

In the latest episode of the Clear Crypto Podcast, hosts Nathan Jeffay and Gareth Jenkinson spoke with Eli Ben-Sasson, co-founder of StarkWare and a leader in the field of cryptographic scalability. His perspective? This may soon change.

Ben-Sasson presented a compelling framework illustrating how Bitcoin (BTC) can evolve—not by abandoning its principles, but by expanding them. He described three core pillars that need to align for Bitcoin (BTC) to fulfill its promise.

According to Ben-Sasson, breadth, completeness, and verifiability are specific technical goals for the widespread adoption and usability of Bitcoin (BTC). Moreover, the tools to achieve these goals already exist.

Reintroducing a long-dormant opcode OP_CAT could be the first domino. "Nine lines of code," he said, "will make Bitcoin (BTC) programmable again."

At this stage, Bitcoin (BTC) is often described as digital gold, a pure store of value. But Ben-Sasson hopes to see it more as a digital economy: permissionless, inclusive, and usable for everyday transactions. This means rethinking the use of Bitcoin (BTC) and upgrading how it operates.

"If we do not make Bitcoin (BTC) more useful, we risk making it irrelevant."

The discussion ranged from the politics of Bitcoin (BTC) governance to the role of zero-knowledge proofs and layer-2 protocols in building scalable, decentralized systems.

Related: Jack Dorsey pushes Signal to adopt Bitcoin (BTC) payments

It also explored the conditions necessary to build a currency that works for everyone, not just the tech elite or the economically privileged.

"We are not yet in a state where Bitcoin (BTC) is a system that allows any two parties to transact without any trusted intermediary. We have not reached that state. For me, that is where things need to change, from start to finish."

To listen to the full Clear Crypto Podcast conversation, tune in on Cointelegraph's podcast page, Apple Podcasts, or Spotify. Don't forget to check out Cointelegraph's other shows!

Magazine: The SEC's shift on cryptocurrency leaves some key questions unanswered.

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