Bitcoin a secure cryptocurrency, whereas Ethereum has been a “frontrunner” when it comes to smart contracts.
As interest in smart contracts surges, some Bitcoiners are asking: why can't Bitcoin (BTC) become the foundation for smart contracts too, instead of Ethereum (ETH)?
Muneeb Ali, co-founder and CEO of Blockstack open-source platform, believes that the best way to bring about a user-owned internet "is to anchor applications and smart contracts to the Bitcoin network in a way that uses Bitcoin as a reserve currency and its powerful blockchain as a security mechanism."
In a conversation with Cointelegraph, Ali stated that Bitcoin has been the king of blockchains for more than a decade, as most people have come to recognize that the Bitcoin network is “unparalleled” when it comes to security:
“We believe that the new Stacks 2.0 blockchain, currently in testnet, holds one solution for making Bitcoin the foundation for smart contracts in Web 3.0.