THE PROTOCOL: Rootstock | Bringing the Ethereum Virtual Machine to Bitcoin

Rootstock Chief Scientist, Sergio Demian Lerner, regards the upcoming Bitcoin halving is a moment of celebration for the community and highlights the importance of transaction fees for the sustainability of the network. This episode is sponsored by the Stellar Community Fund Follow the show here for more. In this installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk, dive into are joined by Sergio Demian Lerner, Chief Scientist at Rootstock, to discuss his research on the Patoshi pattern and the early mining of Bitcoin. He explains how he identified that Satoshi Nakamoto had mined approximately 1.1 million Bitcoins and had never spent them, which built trust in the system. Sergio also shares his insights on the upcoming Bitcoin halving and the importance of transaction fees for the sustainability of the network. Takeaways Sergio Demian Lerner identified the Patoshi pattern, which revealed that Satoshi Nakamoto had mined approximately 1.1 million Bitcoins and had never spent them, building trust in the system. The upcoming Bitcoin halving is a moment of celebration for the community and highlights the importance of transaction fees for the sustainability of the network. Rootstock aims to bring the Ethereum Virtual Machine (EVM) to Bitcoin and focuses on financial inclusion and the use of Bitcoin collateralized stablecoins. The cultures of Ethereum and Bitcoin differ in terms of complexity, centralization, and fragmentation, with Ethereum being more open and welcoming to developers. The introduction of BitBM and the development of bridges on Bitcoin may lead to changes in the Bitcoin ecosystem, such as the addition of new opcodes for more efficient operations. Chapters 00:00 Uncovering the Patoshi Pattern 13:51 Rootstock: Bringing the EVM to Bitcoin Sign Up for THE PROTOCOL NEWSLETTER EPISODE LINKS | Polygon Acquires Ethereum Scaling Startup Mir for $400M Polygon Plans 'AggLayer,' in Bid to Synthesize Modular, Monolithic Blockchains Polygon Releases 'Type 1 Prover,' Claiming Milestone Set by Ethereum's Vitalik Buterin Polygon, StarkWare Tout New 'Circle STARKs' as Breakthrough for Zero-Knowledge Proofs - From Our Sponsor: The Stellar Community Fund (SCF) is an open-application awards program that draws on community input to support developers and startups building on Stellar and Soroban. Accelerate your web3 project today. Apply for Funding at communityfund.stellar.org - The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.