Smart contracts will arrive on Bitcoin soon

What is Turing complete?

Turing complete and Turing-incomplete platforms are the two types of current platforms allowing smart contracts. From a programming language, Turing-completeness means that the language has the tools to tackle any computational problem, giving the system some level of autonomy. This characteristic is not present in the majority of current blockchains, including bitcoin. As a result, their contracts are rather simple constructions such as multi-signatures or delayed transactions. A Turing complete system enables developers to create and extend the capabilities of decentralized applications. Only code that runs on the blockchain network is included in such apps. There is no centralized control as a result of this feature.

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BIT4YOU.io

BIT4YOU.io

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bit4you is an european crypto exchange platform. We are facilitating the transition between crypto currencies and traditional currencies such as euro.