BTC $81,254.82 -3.97%
ETH $2,382.29 -4.23%
BNB $731.33 -2.44%
XRP $1.31 -4.92%
SOL $103.46 -3.90%
TRX $0.3279 -0.86%
DOGE $0.0786 -4.58%
ADA $0.2116 -6.72%
BCH $274.08 -4.85%
LINK $11.92 -5.42%
HYPE $77.42 -4.87%
AAVE $146.62 -5.92%
SUI $0.9748 -6.01%
XLM $0.1749 -5.11%
ZEC $1,209.52 -10.16%
AAPL $348.61 +1.34%
AMZN $251.54 -3.97%
GOOGL $325.27 -2.66%
MSFT $521.70 -1.83%
META $647.63 -9.09%
NVDA $213.82 -3.06%
TSLA $373.85 -1.07%
SNDK $1,240.40 -8.86%
INTC $85.51 -6.49%
SPCX $147.00 -6.43%
MU $850.13 -5.97%
AMD $509.81 -6.67%
BTC $81,254.82 -3.97%
ETH $2,382.29 -4.23%
BNB $731.33 -2.44%
XRP $1.31 -4.92%
SOL $103.46 -3.90%
TRX $0.3279 -0.86%
DOGE $0.0786 -4.58%
ADA $0.2116 -6.72%
BCH $274.08 -4.85%
LINK $11.92 -5.42%
HYPE $77.42 -4.87%
AAVE $146.62 -5.92%
SUI $0.9748 -6.01%
XLM $0.1749 -5.11%
ZEC $1,209.52 -10.16%
AAPL $348.61 +1.34%
AMZN $251.54 -3.97%
GOOGL $325.27 -2.66%
MSFT $521.70 -1.83%
META $647.63 -9.09%
NVDA $213.82 -3.06%
TSLA $373.85 -1.07%
SNDK $1,240.40 -8.86%
INTC $85.51 -6.49%
SPCX $147.00 -6.43%
MU $850.13 -5.97%
AMD $509.81 -6.67%

Bitcoin developers release the BitVM2 white paper to advance the goal of Bitcoin programmability

2024-08-18 09:55:19

ChainCatcher news, according to CoinDesk, Bitcoin developer Robin Linus proposed a theoretical method last year aimed at making the Bitcoin blockchain more programmable. Today, he has launched a second iteration called "BitVM2," which reportedly has significant improvements that bring this concept closer to real-world deployment. The project will rely on advanced cryptography and innovative design to establish a secure "bridge" that transfers Bitcoin from the main network to a secondary network known as "rollup."

According to a white paper released this week by Linus and five co-authors, the basic setup involves using cryptography to compress programs into subprograms, which are then executed in Bitcoin transactions. Subsequently, these programs are "verified" in three on-chain transactions, essentially ensuring that no one is attempting to cheat or steal. According to one of the co-authors, Alexei Zamyatin, previous versions required up to 70 transactions for verification. It is reported that Alexei Zamyatin is working separately on the Bitcoin L2 network Build on Bitcoin (BOB).

A key improvement in the new version is that anyone can challenge suspicious transactions, a feature known as "permissionless challenges." The original BitVM was released last October but was never truly deployed in practice, with only a fixed group of operators able to initiate challenges.

"This design brings us these significant improvements," Zamyatin said in a video interview, "We now have a complete and comprehensive description of the BitVM paradigm."

app_icon
ChainCatcher Building the Web3 world with innovations.