BTC $69,204.70 -6.10%
ETH $1,956.33 -4.65%
BNB $638.79 -5.80%
XRP $1.00 -3.29%
SOL $79.04 -4.92%
TRX $0.3118 -1.61%
DOGE $0.0641 -4.64%
ADA $0.1688 -2.58%
BCH $218.83 -4.73%
LINK $9.77 -3.26%
HYPE $71.59 -0.59%
AAVE $111.67 -6.29%
SUI $0.7814 -4.46%
XLM $0.1431 -2.33%
ZEC $932.15 -5.34%
AAPL $356.74 +0.09%
AMZN $268.41 +0.86%
GOOGL $300.82 +2.08%
MSFT $522.54 +0.17%
META $626.91 -0.46%
NVDA $164.25 +2.40%
TSLA $398.51 +2.96%
SNDK $931.30 -2.28%
INTC $61.08 +0.68%
SPCX $140.75 +0.97%
MU $799.70 +1.44%
AMD $577.02 +2.50%
BTC $69,204.70 -6.10%
ETH $1,956.33 -4.65%
BNB $638.79 -5.80%
XRP $1.00 -3.29%
SOL $79.04 -4.92%
TRX $0.3118 -1.61%
DOGE $0.0641 -4.64%
ADA $0.1688 -2.58%
BCH $218.83 -4.73%
LINK $9.77 -3.26%
HYPE $71.59 -0.59%
AAVE $111.67 -6.29%
SUI $0.7814 -4.46%
XLM $0.1431 -2.33%
ZEC $932.15 -5.34%
AAPL $356.74 +0.09%
AMZN $268.41 +0.86%
GOOGL $300.82 +2.08%
MSFT $522.54 +0.17%
META $626.91 -0.46%
NVDA $164.25 +2.40%
TSLA $398.51 +2.96%
SNDK $931.30 -2.28%
INTC $61.08 +0.68%
SPCX $140.75 +0.97%
MU $799.70 +1.44%
AMD $577.02 +2.50%

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.