ArchVM will handle off-chain computations to enable "Turing-complete smart contracts at the Bitcoin base layer" and provide Solana-like transaction speeds, Arch Labs said in the announcement
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Exclusive: Bitcoin infrastructure company Arch Labs raises $13 million from Pantera Capital to launch Arch Virtual Machine
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Arch Virtual Machine (ArchVM) is designed to enable Turing-complete smart contracts on Bitcoin, according to Arch Labs, by offloading computations off-chain and offering transaction speeds comparable to Solana
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Arch Virtual Machine (ArchVM) achieves smart contract functionality by handling off-chain computations, which allow for Turing-complete logic to operate at the Bitcoin base layer
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