Scan to download
BTC $59,297.96 -0.99%
ETH $1,582.37 +0.69%
BNB $548.70 -0.60%
XRP $1.04 -0.70%
SOL $73.59 +1.54%
TRX $0.3170 -1.91%
DOGE $0.0723 -0.29%
ADA $0.1445 -0.04%
BCH $200.71 +2.45%
LINK $7.27 -0.23%
HYPE $66.15 +4.77%
AAVE $89.13 -3.42%
SUI $0.6936 +0.86%
XLM $0.1790 +3.90%
ZEC $392.08 +2.49%
BTC $59,297.96 -0.99%
ETH $1,582.37 +0.69%
BNB $548.70 -0.60%
XRP $1.04 -0.70%
SOL $73.59 +1.54%
TRX $0.3170 -1.91%
DOGE $0.0723 -0.29%
ADA $0.1445 -0.04%
BCH $200.71 +2.45%
LINK $7.27 -0.23%
HYPE $66.15 +4.77%
AAVE $89.13 -3.42%
SUI $0.6936 +0.86%
XLM $0.1790 +3.90%
ZEC $392.08 +2.49%

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

2024-08-18 09:55:19
Collection

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.