Kalima Client-side Smart Contracts for Bitcoin and Lightning Network

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Bitcoin has evolved from being an idea, a concept, to a practical solution that has revolutionized lives.

At their discretion, users can opt to use a trustless, cheap, and highly reliable network to move value across boundaries, at any time, without permission. What Bitcoin brings to the table made the project a top-performing asset in the last decade. By the close of 2020, Bitcoin had posted a one million percent rise, outperforming traditional investments, including S&P 500 and gold.

But that's not to say BTC has slowed down since then. If anything, the BTC uptrend continues as the world realizes the significance of the network.

Even so, for everything that Bitcoin presents, it's a transactional layer. Bitcoin is, however, bolstered by committed, incentivized Bitcoin mining farms and node operators from across the world. As of mid-August 2022, Bitcoin remains the most secured blockchain network, with miners committing over 200 EH/s in hash rate. All of these miners work in sync to guarantee that every transaction posted is confirmed securely and without an intermediary looking to squeeze huge fees.

Bitcoin may lack smart contract capability, but it does compensate for this weakness with a secure base layer and the world's most valuable asset. The good news is that despite the limitation of Bitcoin, developers continue to innovate. Additionally, Bitcoin developers recognize the importance of collaboration and extending the capability of Bitcoin.

Thus far, improvements such as the recently activated Bitcoin Taproot upgrade made BTC transactions more secure, the network more scalable, and on-chain transfers more private.