BTC $84,536.26 -0.33%
ETH $2,668.87 -1.32%
BNB $767.88 -0.34%
XRP $1.49 -0.41%
SOL $118.67 +0.32%
TRX $0.3345 -0.08%
DOGE $0.0929 -1.34%
ADA $0.2446 -0.55%
BCH $310.72 +0.56%
LINK $13.80 -3.77%
HYPE $88.97 +1.62%
AAVE $179.79 +4.56%
SUI $1.12 -2.89%
XLM $0.2153 -1.73%
ZEC $1,301.93 -2.57%
AAPL $333.41 +0.83%
AMZN $251.34 +1.01%
GOOGL $343.17 +1.15%
MSFT $517.10 +0.41%
META $727.59 +0.22%
NVDA $234.29 +1.24%
TSLA $371.28 +4.44%
SNDK $1,720.01 -3.45%
INTC $119.33 -0.70%
SPCX $159.10 +6.94%
MU $1,070.85 -1.84%
AMD $633.37 +2.69%
BTC $84,536.26 -0.33%
ETH $2,668.87 -1.32%
BNB $767.88 -0.34%
XRP $1.49 -0.41%
SOL $118.67 +0.32%
TRX $0.3345 -0.08%
DOGE $0.0929 -1.34%
ADA $0.2446 -0.55%
BCH $310.72 +0.56%
LINK $13.80 -3.77%
HYPE $88.97 +1.62%
AAVE $179.79 +4.56%
SUI $1.12 -2.89%
XLM $0.2153 -1.73%
ZEC $1,301.93 -2.57%
AAPL $333.41 +0.83%
AMZN $251.34 +1.01%
GOOGL $343.17 +1.15%
MSFT $517.10 +0.41%
META $727.59 +0.22%
NVDA $234.29 +1.24%
TSLA $371.28 +4.44%
SNDK $1,720.01 -3.45%
INTC $119.33 -0.70%
SPCX $159.10 +6.94%
MU $1,070.85 -1.84%
AMD $633.37 +2.69%

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.