OP_NET is a decentralized system that leverages Taproot/SegWit/Legacy technology to manage and execute smart contracts on Bitcoin or any other UTXO-based blockchains.
OP_NET is a Bitcoin L1 consensus layer that enables smart contracts to execute directly on Bitcoin's blockchain without relying on sidechains or bridges. It uses a deterministic WebAssembly VM to process contract calls embedded in Bitcoin transactions, with cryptographic proofs ensuring all nodes reach identical states. The system is designed for developers building decentralized applications on Bitcoin that require binding state consistency, such as DEXs, escrows, and multi-party coordination, offering stronger finality than Bitcoin's standard 6-confirmation model through its Proof of Calculation and Proof of Work consensus mechanism.
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