Update: The quotes given to CCN are attributed to Trevor Altpeter, director of the Counterparty Foundation.
Counterparty is set to launch Ethereum’s Virtual Machine (EVM) on a testnet in two weeks with Counterparty developer Ruben de Vries making solid progress toward the end result, which will eventually bring Ethereum’s smart contract to Bitcoin.
In late 2014, Counterparty carried out a Proof-of-Concept EVM port; however, in comparison, this port is the newest version of the EVM software that is running on Ethereum today with the team of the opinion that it is mature enough for use on the Counterparty/Bitcoin mainnet. Additionally, it adds the ability for smart contracts to interact with Counterparty assets too.
With a test coverage of 85% and growing, Counterparty’s EVM is higher than Pyethereum itself, which happens to be the python core library of the Ethereum project.
It was only last month that CCN reported that Counterparty were bringing Ethereum smart contracts to the Bitcoin blockchain.
According to a press release from the Counterparty team they