Atomicals Protocol publishes AVM white paper, software release to be completed in phases

On May 28th, Atomicals Protocol released the Atomicals Virtual Machine (AVM) white paper. The software release will be completed in stages, starting with the operation of the interpreter and then modifying the indexer nodes.
Currently, all overlay digital asset protocols on Bitcoin perform the creation and transfer of digital assets according to fixed rules, the white paper states. By allowing programmers to define the finite-state machine logic to formulate the creation and transfer rules, it is possible to create fully flexible (Turing-complete) smart contracts for overlay digital assets. It proposes a solution, called the Atomicals Virtual Machine (AVM), to implement smart contracts by utilizing Bitcoin as a global database, storing smart contract code in transactions and executing these codes in a sandbox runtime environment. Its proposed solution is a natural step in the evolution of overlay digital asset protocols on Bitcoin, while also serving as a testbed for the original Bitcoin opcodes to demonstrate their flexibility and security.