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Developing Bitcoin's Second Layer Blockstream researcher, Jonas Nick (ncklr), talks developing on layer two Bitcoin.

16,706 просмотров • 11 месяцев назад •via X (Twitter)

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What if #AI became as decentralized as #Bitcoin? We sat down with our new friend 3700 from Bitcoin Virtual Machine to hear what their incredible team of anons are working on - "Truly Open AI." Full interview here:👇 1: What positive impact will Layer 2s have on Bitcoin? Layer 2s on Bitcoin open up opportunities for innovation, allowing developers to build dApps and smart contracts on top of Bitcoin, expanding its utility and use cases. By submitting transactions for final settlement on the Bitcoin network, Bitcoin Layer 2 networks claim to achieve the same (or close to) level of security and decentralization as the Bitcoin blockchain. Building a separate execution layer allows them the freedom to employ several technologies (such as rollups). Layer 2 can significantly improve Bitcoin's scalability by processing transactions off-chain, reducing congestion on the main blockchain. Overall, Layer 2s on Bitcoin have the potential to address some of Bitcoin's key limitations, making it more efficient, accessible, and versatile in the long run. 2: What does the ETF approval mean for Layer 2 on Bitcoin? The approval of ETF could potentially have several implications for Layer 2 on Bitcoin: Innovation and Development: With a growing interest in Bitcoin spurred by ETF approval, there could be a surge in research and development efforts focused on enhancing Layer 2. Developers and projects may be incentivized to create new and improved Layer 2 protocols to meet the evolving needs of the expanding Bitcoin ecosystem. An ETF approval could boost mainstream Bitcoin adoption and liquidity. This influx of users may also drive interest in Layer 2 on Bitcoin as a means to enhance the scalability and functionality of Bitcoin. 3: What are the primary challenges facing L2s on Bitcoin? The interoperability of different Layer 2s and their compatibility with Bitcoin's main blockchain can be a challenge. Ensuring seamless interaction between various Layer 2 networks and the Bitcoin blockchain is essential for a cohesive and efficient ecosystem. Some Layer 2s may introduce centralization risks if they rely heavily on centralized entities or trusted intermediaries. Maintaining decentralization and censorship resistance, which are core tenets of Bitcoin, while scaling with Layer 2s is a challenge. 4: What aspects of Layer 2 solutions for Bitcoin are you most enthusiastic about? AI represents one of the cornerstones of our modern era. However, achieving a decentralized AI infrastructure, owned and managed by users, has posed significant challenges. The primary obstacle has been the limited capacity to store and execute AI models due to size and computational limitations. To address this challenge, we propose a new blockchain architecture enabling developers to deploy their own Bitcoin Layer 2 solutions tailored specifically for AI tasks, called Truly Open AI. These Layer 2 blockchains are optimized to handle computationally intensive tasks, such as matrix multiplication, directly on-chain. These Bitcoin Layer 2 solutions offer exceptional throughput, minimal latency, and cost-effectiveness. AI dApps are programmed as Solidity smart contracts, ensuring they operate precisely as intended, free from interference or manipulation. Our BVM AI Contracts Library simplifies the integration of neural networks into dApps, empowering developers to embed AI seamlessly. In summary, I'm particularly enthusiastic about the potential of Layer 2 solutions for Bitcoin to revolutionize decentralized AI by providing scalability, security, and accessibility. 5: How is your Layer 2 different from others being built? BVM distinguishes itself as a Modular infrastructure that empowers thousands of distinct Bitcoin Layer 2 networks, spanning Gaming, DeFi, Social, and AI applications. We're continuously enriching the BVM Module Store with new modules to enhance its capabilities. With each new module, builders gain access to a wider array of tools to explore different use cases on the Bitcoin network. Recent additions include the Filecoin module for affordable storage and the AI Contracts Library for constructing AI-powered Bitcoin Layer 2 chains. We're also gearing up to release a ZK roll-up module in the coming weeks to offer an alternative to the standard optimistic roll-up. We aim to simplify the process of launching a Bitcoin Layer 2 network customized to specific requirements. Think of it as a SaaS offering with predefined best practices. Whether it's a DeFi Bitcoin Layer 2 or a GameFi Bitcoin Layer 2, we provide default solutions tailored to each use case. We're dedicated to expanding the BVM ecosystem by incentivizing more builders to join the Bitcoin network. Through various programs and grants, we support builders in covering their operational costs for Bitcoin Layer 2. Additionally, we offer rewards akin to 'L2 mining' to those who contribute to expanding the user base and total value locked on the network. In summary, BVM stands out with its modular infrastructure, tailored solutions, and efforts to grow the Bitcoin ecosystem.

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83,516 просмотров • 2 лет назад

🚀 The Final Version of the O3 Layer Devnet is Here! We’ve reached a monumental milestone in revolutionizing Bitcoin's ecosystem. O3 Layer, with the integration of LayerEdge 's zk-proof aggregator over Arbitrum Orbit and Avail DA, brings modular blockchain innovation to Bitcoin. 🌟 Here’s why this changes everything 🧵👇 zk-Proofs Meet Bitcoin 🚀🔒 O3 Layer proves Bitcoin is more than digital gold. By leveraging zk-proofs, we’ve achieved secure, scalable, and verifiable transactions—anchored directly on Bitcoin Layer 1. The future of modular blockchains starts here. 🌟 A Tech Stack Built for Excellence 🔹 Arbitrum Orbit: Execution Layer – Fast, efficient smart contract deployment. 🔹 Avail: Data Availability Layer – Data integrity at unparalleled scale. 🔹 Layeredge: Verification Layer – Aggregating zk-proofs and seamlessly proving transactions on Bitcoin L1. A trifecta of innovation! The perfect synergy. 🌐 Bitcoin as the Foundation O3 Layer bridges Bitcoin to the modern blockchain world with verified transactions on Bitcoin Testnet. 💡 See it live in action: 👉 Transparency you can trust. 🔗 Why It Matters for Everyone With this integration, O3 Layer: ✅ Unlocks Bitcoin’s smart contract capabilities. ✅ Enables seamless cross-chain interoperability. ✅ Empowers developers to create dApps and protocols. For users & developers, this is a game-changer. 💡 Milestones We’re Proud Of 🎯 First-ever Layer 3 block proven on Bitcoin Layer 1. 🎯 Seamless integration of Arbitrum Orbit + Avail DA. 🎯 zk-proof technology enhances security like never before. The future of blockchain innovation is here. 🚀 What’s Next for O3 Layer? With the Devnet in its final form, we’re gearing up to onboard builders and expand the O3 ecosystem. 🛠️ Expect: ✅ More scalability. ✅ More innovation. ✅ Endless possibilities. Let’s unlock Bitcoin’s full potential together. 🌟 The O3 Layer is live, modular, and unstoppable. 💥

O3 Layer

21,690 просмотров • 1 год назад