Bitcoin Computer

A Turing-Complete Metaprotocol for Bitcoin and Litecoin

[Bitcoin Computer @BTC_Computer]

https://t.co/JcuJv0T1jW

[Bitcoin Computer @BTC_Computer]

If you want to learn more, check out these links:
* Website: https://t.co/3H9u1Uer4N
* Docs: https://t.co/eeaB1l95PF
* GitHub: https://t.co/AVEQ6FjkM4

[Bitcoin Computer @BTC_Computer]

This article eloquently argues that the cryptocurrency industry has been in a self-centered bubble of financial use cases, created by insiders for insiders that alienated wider adoption - and that we need to embrace real world utility and innovation in order to thrive long term.

It has long been our thesis that this is the case, not due to a lack of imagination of crypto developers, but rather due to a technical constraint: Fees for smart contracts are typically charged per computational step, making it prohibitively expensive to build applications with real world utility.

However, it does not have to be this way: client-side executed smart contracts have fixed costs, meaning that the fee is independent of the number of computational steps. This enables blockchain applications that are useful to non-crypto-bro users. Think ride sharing, games, delivery applications, home sharing, or even AI chat bots.

If you want to build never-seen-before applications for normal people you could use the Bitcoin Computer, links to more information below.

[Dougie @DougieDeLuca]

https://t.co/q5LVbaaPpx

[Bitcoin Computer @BTC_Computer]

This is a cool initiative of the Litecoin community.

If you are building something on Litecoin you should list your project there.

[The Sage @AllSageMan]

Litecoin Projects is now live. A simple, community directory for the entire Litecoin ecosystem.
Explore or list your project: @liteprojects https://t.co/tzZC1Fwg8q
#Litecoin #LTC

[Bitcoin Computer @BTC_Computer]

@AlanaDLevin We are building a tool to create many of these (stable coins, DEXs, lending, games, ...) on UTXO based blockchains like Bitcoin, Litecoin or Dogecoin. More info here: https://t.co/GKYqwSDQn3

[Bitcoin Computer @BTC_Computer]

@DS_Hemp @circle_crypto @LitecoinVM @akashnet Absolutely!

[Bitcoin Computer @BTC_Computer]

@mert Unpopular opinion: Bitcoin is better for smart contracts than Ethereum. Check out https://t.co/ihxp37YBpL to understand why.

[Bitcoin Computer @BTC_Computer]

@basedlayer Providing utility prevents NgD

[Bitcoin Computer @BTC_Computer]

@NewsPepecoin @PepecoinNetwork Very cool to be on the roadmap 🤝

[Bitcoin Computer @BTC_Computer]

@thenoderunners 💯

[Bitcoin Computer @BTC_Computer]

It does not have to be this way.

And it's entirely in our control what gets built on Bitcoin. We just have to do it.

We have built the Bitcoin Computer to make it easy for people to build never seen before decentralized applications on Bitcoin. If you are a dev, take a look: https://t.co/9S5UcEthIn

[Bitcoin Computer @BTC_Computer]

This is why we ❤️ Litecoin

[Litecoin @litecoin]

Litecoin fees paid on a given day in $ is incredibly low.
Many times under $1,000 for an entire 24 hour period. How is this good, you ask?

Miners mostly mine LTC currently for block rewards. It is the main driver of their operations. Merged mining is even more profitable with a slew of coins available through Litecoin as the merged mining parent. With coins like Dogecoin, which is merge mined with Litecoin, having an inflationary attribute there exists a constant incentive beyond just Litecoin to mine. But, at some point, transaction fees must come closer to the forefront as the amount of mineable Litecoin per block gets halved every 4 years (currently at 6.25 ltc per block reward). The next halving is already scheduled for 2027, dropping it down to 3.125 LTC per block and 1.5625 LTC per block by 2031.

So again, how is low fee income a benefit both now and into the future?

Because transactions have risen substantially over time, normally costs would rise as well as blocks become fuller. But currently, even with litecoin absorbing an average of ~200k trx per day this only amounts to around 2.5 TPS (transactions per second) which is well below the maximum capacity on the base chain of 56 TPS. This doesn't count transactions done on MWEB, the optionally confidential addresses active on litecoin through a soft fork since early 2022. For this reason, the median cost per transaction is still well below $0.0007.

This is the entire point behind Charlie Lee 4x'ing both the block rewards as well as the total amount of Litecoin versus Bitcoin. Litecoin was built to handle larger amounts of transactions for much less cost, a key attribute for any blockchain focused mainly on being a daily transactional ledger that benefits both the user and miners. With added benefits such as Segwit in 2017, MWEB addresses in 2022, and multiple updates in-between aimed at lowering costs per transaction, Litecoin not only performs as a long term store of value (SOV) but also as a safe and reliable means of exchange. Hence the identity as 'digital silver'.

In this way, as time goes on and blocks continue to fill up with more TPS the cost per transaction to the user is not substantially impacted but miners are also receiving more transactions to verify, creating a healthy balance of supply and demand. This was proven to be accurate during Bitcoin's congestion period of October 2023 - October 2024 (see fig. 3 below). This time period caused massive mempool congestion due to high transaction counts (mempool is basically transaction purgatory/holding area until other transactions have been verified into a block and a new block is created) and many nominally funded transactions to be sidelined for prolonged periods of time. It is during these times that more people choose to move their funds out of Bitcoin and into Litecoin in order to save on transaction fees than at any other time, proving once again the utilitarian and cost effective advantage of Litecoin over Bitcoin. So even though Litecoin also saw an influx of TPS during that same time (over 10 TPS), the maximum median cost of a daily transaction was just over $0.01 compared to Bitcoin's $17.50.

As a matter of fact, there are only two times in the past 6 years where the median transaction fee exceeded $0.01 (one penny) for Litecoin: September 2, 2025 and December 26, 2019 (according to blockchairdotcom, see fig. 2). So even though on days like December 20, 2023 when Litecoin had over 1.2 million transactions in a day, the median transaction fee was still well under $0.01!!

As global adoption of reliable transactional blockchains such as Litecoin continue to grow, the need for lower fees will continue to become more important along with privacy features, both currently already active on Litecoin. Not only does Litecoin have inherently low fees and optional privacy, but it also boasts 14+ years of zero downtime, fully decentralized validation through mining, no founder's stash, and a non-profit foundation with a strong volunteer community backing it up. All of this creates the perfect organic storm of adoption and interest from not just regular users of the tech, but also institutional, publicly traded entities, and sovereign interest in holding Litecoin as a long term SoV due to its programmed deflationary and hard capped supply.

Want to learn more about Litecoin and what makes it so special? Visit litecoindotcom today and join the revolution of money! There's plenty of room for everyone!!

[Bitcoin Computer @BTC_Computer]

@dom_kwok it's funny because it's true.

but also sad.

for those that want to make bitcoin awesome again, we built the Bitcoin Computer. https://t.co/nW7rBWl1bq

[Bitcoin Computer @BTC_Computer]

Did I mention that the Bitcoin Computer is NOT an L2? No centralized sequencers, no "trust minimized bridges", no middlemen whatsoever.

You build your transaction on your machine, sign it, and send it directly to a node. We just provide the software you use to build the transaction...

https://t.co/2DkgqtI9SU

[Bitcoin Computer @BTC_Computer]

If you want to build applications that are as stable as Bitcoin, you can use the Bitcoin Computer https://t.co/AB70Hv9KPm

[Romulus Industries @RomulusInd]

🚫 Most of the internet is still down.

The Amazon Web Services (AWS) outage is one of the largest in history.

🗒️ Full list of websites confirmed to be affected as of this moment (if another website emerges that was not listed here, please leave it in the replies):

Adobe Creative Cloud
Airtable
Amazon (incl. Alexa & Prime Video)
Apple Music
Asana
AT&T
Battlefield (EA)
Blink (Security)
Boost Mobile
Canva
ChatGPT
Chime
Coinbase
CollegeBoard
Dead By Daylight
Delta Air Lines
Duolingo
EA
Fanduel
Fetch
Fortnite (Epic Games services)
GoDaddy
Grubhub
HBO Max
Hinge
Hulu
IMDb
Instacart
Kik
League of Legends
Life360
Lyft
McDonald’s app
Microsoft (incl. 365, Outlook & Teams)
MyFitnessPal
Navy Federal Credit Union
Peloton
Pinterest
PlayStation Network
Pokémon Go
Rainbow Six Siege
Reddit
Ring
Robinhood
Roblox
Roku
ShipStation
Signal
Slack
Smartsheet
Snapchat
Square
Starbucks
Steam
Strava
T-Mobile
Tidal
Trello
Ubisoft Connect
United Airlines
Venmo
Verizon
VRChat
Wall Street Journal
Whatnot
Wordle
Xbox
Xero
Xfinity by Comcast
Zillow
Zoom

[Bitcoin Computer @BTC_Computer]

Obviously Litecoin never goes down...
https://t.co/houZdO9o9E

[Litecoin @litecoin]

Good morning to everyone except AWS apparently.

[Bitcoin Computer @BTC_Computer]

@ycombinator @garrytan @harjtaggar @snowmaker @sdianahu