Continuing from the previous article on BitVM Bridge: The High-Speed Rail Builder of the Bitcoin Layer 2 Track
A Simple Explanation of BitVM Bridge Technology:
The working principle of BitVM is similar to the human computer in "The Three-Body Problem"
Basic Unit: Simulating logic gates (AND/OR gates) using Bitcoin scripts to construct complex smart contract verification methods like building blocks, and verifying on the Bitcoin transaction chain in case of disputes (similar to a "public referendum")
Innovative Points:
Not modifying the underlying rules of Bitcoin (avoiding the risk of hard forks)
Transaction costs are over 90% lower than Ethereum Layer 2
Summary in One Sentence: BitVM Bridge is equivalent to equipping Bitcoin with a DeFi engine, and its mainnet launch status is akin to Uniswap in 2017, marking the beginning of a new round of value capture opportunities.
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