What's possible with OP_CAT on Bitcoin?

In this episode of The Ordinal Show, hosts Trevor, Jan, and Leonidas discuss the potential of Opcat in Bitcoin smart contracts with the founder of sCrypt, Xiaohui Liu. sCrypt is a developer platform aimed at simplifying Bitcoin development. Opcat is a critical opcode that, if enabled, would allow for comprehensive on-chain smart contracts similar to Ethereum's capabilities. Xiaohui explains how their programming language, sCrypt, makes Bitcoin development more accessible and how Opcat can enable covenants and stateful contracts, making Bitcoin Turing complete. They discuss potential applications including decentralized finance (DeFi), automated market makers (AMMs), and more. The conversation also covers the differences between Bitcoin's UTXO model and Ethereum's account model, as well as the importance of community consensus for Opcat adoption. The episode concludes with a call for developers to experiment with Opcat, positioning themselves for future opportunities similar to early Solidity developers in Ethereum.
The Ordinal Show is a series of regular Twitter Spaces featuring conversations with amazing people from the Bitcoin Ordinals community.
Every Mon at 10:30am ET & Wed at 6:30pm ET. Hosted by Trevor.btc, Jan and Leonidas.
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