sCrypt’s Xiaohui Liu Is ‘Super Excited’ About Bitcoin in 2023

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sCrypthad a big year in 2022, and founder Xiaohui Liu expects even bigger things in 2023. The tools he and his team have created for developers invite thousands of newcomers to try Bitcoin and could eventually see Bitcoin SV (BSV) become like Amazon Web Services (AWS) for blockchain applications. He says his goal is to see developers turn ideas from concept to working applications in months or even weeks.

He said BSV likely benefited from the decline in interest in other channels which happened “all of a sudden, out of nowhere”. The digital asset market remains in steep decline, while individual businesses and blockchains have suffered numerous issues and scandals.

“For Bitcoin to succeed, we don’t have to do anything. We just have to survive long enough, and all the other blockchains, they sort of implode, without us doing anything.

Build, show people what we can do

Xiaohui divides its highlights for 2022 into sections. There was the run-up to the Global Blockchain Convention in Dubai, his first Bitcoin conference in years and a chance to reconnect with many people he hadn’t seen in years.

In Dubai, Xiaohui presented the sCrypt Transpiler (to a standing ovation). The Transpiler is a tool that converts Solidity contracts written for Ethereum into Bitcoin-compatible sCrypt code, allowing developers to port any application they have written for Ethereum to the BSV blockchain. It also demonstrated that BSV has the ability to run other blockchain networks entirely on its own chain. There has been some interest in BSV from other blockchain developers interested in migrating their applications.

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Developers and users just want something that works, says Xiaohui, and as long as they’re not ideologues in favor of one network over another, they just need to show what Bitcoin can do.

After Dubai, the highlight was realizing that Bitcoin can also perform zero-knowledge proofs (ZKP), providing cryptographic proof that the data exists without revealing it. This is important because it allows users to prove that they possess potentially private or sensitive information (such as identifiers, confidential or proprietary data) and use it without uploading the data itself to public records on the blockchain.

It’s like the difference between chess, where all players can see every move, and games like poker and Battleship, where the game only works if some existing information is hidden from the other player. You can’t put this hidden information on the public blockchain, but you still need a way to prove it’s true.

Xiaohui says ZKPs are “like a mathematical magic box”. It’s a fairly new concept, and running it on a blockchain network is difficult because it involves heavy computational work. But BSV can do it, and for Xiaohui, it opens up a whole new universe of potential applications, even allowing Bitcoin to provide Amazon Web Services-level support for blockchain applications.

This way, if a developer wants to create a chain game, they just need to write the game logic themselves. All blockchain interactions, such as interactions with wallets and streaming transactions, can happen with sCrypt’s toolkits and APIs. The goal is to make this as easy as building any “Web 2.0” application, the kind that dominates the internet today.

“I’m very bullish on gaming for bitcoin,” he says, as it’s a medium that gets a lot of attention from the outside world. Additionally, people should need to see that games can be trusted before sending their savings to a DeFi blockchain platform.

sCrypt in 2022 also co-hosted the Zero-Knowledge Hackathon, which encouraged developers to try something new and build working prototypes for a $45,000 prize pool. Xiaohui was impressed with the level of interest and hopes the Hackathon will become an annual event.

Another milestone towards the end of 2022 was when sCrypt launched scryptTS, a tool that allows developers to write contract code in the more familiar TypeScript language (which adds types to JavaScript). scryptTS integrates TypeScript/Javascript libraries seamlessly, making it easy to build and debug. Xiaohui hopes it will bring even more newcomers than sCrypt’s Transpiler for Solidity.

In 2023, developing Bitcoin contracts will become easier

Xiaohui is optimistic about 2023 as he says it will mark Bitcoin’s transition from mostly technical and theoretical discussions of what is possible to see the first usable applications appear.

One of Bitcoin’s most depressing issues so far has been the “so how do I do this?” question, he said. You can generate nuclear energy by applying Einstein’s theory of relativity, but there are still big gaps between knowing this formula and building a working power plant. Providing build tools for BSV applications allows developers to come in and experiment without having to learn years of detail beforehand.

Xiaohui’s biggest wish for 2023 is what you expect from a developer, and that is to focus more on technology, more people tinker, build, and less focus on things like ideological controversies and business judicial.

“That’s why I say I’m super excited about 2023. We’ve kind of handled things in previous years, but this year we’re going to make it ten times, maybe hundreds of times, bigger. If we have done our job well, there could be thousands of new people joining (BSV) within a year or two.

Watch: London Blockchain Conference 2023 Bringing Government and Business to Blockchain

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