Bitlayer: Reconstruction of the Infrastructure and Ecological Evolution of Bitcoin Financialization
One, in-depth deconstruction of BitVM technology: breakthroughs from theory to practice
As a revolutionary technology for Bitcoin expansion, BitVM's core value lies in achieving on-chain verification of smart contract logic without modifying the mainnet code. Bitlayer's innovative implementation of BitVM is reflected in three key technical nodes:
1. Engineering realization of the challenge-response mechanism
Traditional BitVM theory relies on 'full node participation for verification', but there are issues with response delays in practical scenarios. Bitlayer addresses this pain point through a 'verification node incentive model': incorporating computing power nodes from mining pools like Antpool and F2Pool into the verification network, incentivizing nodes to monitor cross-chain transactions in real-time through the YBTC reward mechanism. When abnormal transactions occur, verification nodes can complete challenge submissions within one Bitcoin block cycle (about 10 minutes), increasing efficiency by 3 times compared to theoretical models, transforming 'on-chain arbitration' from a concept into an operable financial-grade tool.