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The Babylon R & D team is about to run a pretty ambitious BitVM experiment. A live-fire test on Bitcoin mainnet to see if the entire "unhappy path" actually works, something to the best of our knowledge no BitVM team has ever done before. 🧵 Here’s what we’re testing, and why it matters:
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Nakamoto's paper only contained one true innovation: The longest chain consensus protocol. Everything else: proof of work, digital signatures, and incentives are existing ideas integrated into a coherent system. The brilliance wasn't in specialization, but in synthesis. Bitcoin emerged from connecting disparate elements.
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Bitcoin contains a curious parallel to quantum mechanics: once you interact with it, you fundamentally change it. This property stems from Bitcoin's UTXO model and has profound implications. I recently heard an attorney claim: "It's not a taxable event if you get back the original Bitcoin." This reveals a fundamental misunderstanding. There is no such thing as "original Bitcoin" in a technical sense. In Bitcoin's architecture, coins don't exist as discrete objects. The system tracks Unspent Transaction Outputs (UTXOs). When you receive Bitcoin, you receive a UTXO: an entry in the blockchain ledger. But whenever you spend Bitcoin, the original UTXO is completely destroyed, and new UTXOs are created. This process resembles quantum mechanics, where measurement changes the particle being observed. The act of transacting with Bitcoin transforms it: UTXO A exists, transaction occurs, UTXO A is destroyed, UTXO B and C (change) now exist. The new UTXOs have different transaction IDs, positions in the blockchain, and properties. They are not the same "Bitcoin" in any technical sense.
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The narrative has shifted. Projects are now approaching Babylon seeking Bitcoin alignment without prompting. Bitcoin isn't just digital gold but an ecosystem advantage that protocols actively want to associate with.
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Babylon's engineering focus has three clear priorities: 1. Integrating with many partner chains that seek Bitcoin alignment 2. Enhancing Babylon Genesis with EVM support and faster block times (from 10s to 2-3s) 3. Developing a Bitcoin bridge with minimized trust assumptions Each advances Bitcoin's utility without changing its core protocol.
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