🐮 What is BitVM? Using "Challenge-Verification" for Security and Scalability
This article explains security! @BitlayerLabs
Think of it #Bitlayer as a "Lego rule set for Bitcoin":
Through the Challenge/Verification mechanism, it achieves near-Turing-complete computing power without modifying the Bitcoin mainchain protocol.
#Bitlayer places complex business logic and contract execution on Layer 2, with the final state transmitted back to Layer 1 (the Bitcoin mainchain) for security. This design combines "Zero-Knowledge Proofs" (ZK) with a high-speed execution environment, maintaining security and transparency while improving scalability.
🐮 Complementarity between BitVM and ZK:
- 🥷 ZK's strength lies in "instant verification": ZK proofs can directly verify computational correctness, shortening finality time, but the cost of generating proofs is relatively high.
🥷 BitVM + ZK Combination: ZK proofs can be incorporated into the challenge period mechanism, balancing low costs with faster secure finality.
🥷 Two-way advantages: BitVM reduces computational load, while ZK improves verification efficiency and credibility.
When trading across chains or on Layer 2, do you prioritize "low fees" or "fast finality"? Why?
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