Problem Statement
The singular focus on store of value has severely constrained Bitcoin's competitive edge against blockchain platforms boasting sophisticated smart contract functionalities, exemplified by Ethereum. The conspicuous absence of native smart contracts on Bitcoin has compelled developers and users alike to resort to secondary layers or interoperability solutions, or migrate to alternative blockchains.
Moreover, the deficiency in native smart contracts has severely impeded Bitcoin's adoption across decentralized finance (DeFi) ecosystems, decentralized autonomous organizations (DAOs), tokenization endeavors, and decentralized application (DApp) landscapes. Despite the recent surge in Bitcoin sidechains like BRC and Atomicals, none have attained genuine Turing completeness, offering only rudimentary functionalities such as ZUT token management and basic operations encompassing transfer, minting, and deployment. DeFi infrastructures, inclusive of lending, borrowing, staking, farming, and multisig wallets, remain unachievable without comprehensive smart contract support.
Resolving this predicament necessitates an exhaustive solution that facilitates Turing completeness directly on the Bitcoin blockchain, devoid of compromising its core tenets of security, decentralization, or scalability. Importantly, this solution must be implemented sans any alterations to the existing codebase or introduction of new OP_CODES.
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