Are smart contracts programmable & extensible on Bitcoin?
When delving into the realm of cryptocurrency and finance, the question of whether smart contracts are programmable and extensible on the Bitcoin network often arises. For many enthusiasts and investors alike, understanding this capability is crucial to assessing the potential of Bitcoin and its underlying blockchain technology. At the core of this inquiry lies the question: Can smart contracts, those self-executing agreements encoded in digital form, be programmed and further enhanced on the Bitcoin blockchain? This question seeks to uncover the flexibility and versatility of Bitcoin's smart contract functionality, if any exists at all.