BTC🔥🔥🔥🔥🔥

Minggu lalu, saya sedang melihat repositori GitHub untuk sebuah makalah studi. Saya tertarik pada dokumen AltLayer karena alasan yang aneh. Itu bagus, sungguh. Asumsi yang masuk akal tentang keahlian pengembang, contoh kode fungsional, dan penjelasan yang ringkas. Meskipun ini mungkin tampak seperti rintangan kecil, dokumentasi yang solid benar-benar jarang di industri kripto. Mayoritas proyek menghasilkan whitepaper yang luar biasa dengan dokumen yang kurang baik. Untuk AltLayer, kebalikannya yang benar.

Infrastruktur jangka panjang yang berhasil ditentukan oleh pengalaman pengembang. Teknologi yang mudah digunakan dan rata-rata mengungguli teknologi terbaik dengan pengalaman pengembang terburuk. Dalam perangkat lunak, pola ini selalu ada. Mengapa JavaScript begitu populer meskipun itu adalah bahasa yang buruk? pengalaman sebagai pengembang. Mengapa infrastruktur cloud beralih ke AWS? pengalaman sebagai pengembang. Mengapa alternatif yang secara teknis lebih baik terabaikan sementara platform blockchain tertentu menarik ratusan pengembang? pengalaman sebagai pengembang.

#HEMI @Hemi #Hemi $HEMI

In cryptocurrency, there are times when you see something that shouldn't have happened yet. I had the impression that during the DeFi summer, when billions of dollars poured into yield agricultural practices that had not been in place months before. When NFTs blew up and digital art started to trade for millions of dollars, I could feel it. As I observe what is occurring with Bitcoin DeFi, I am experiencing it once more.

Since March, 100,000 Bitcoin holders have transferred their holdings to Hemi. Not to conjecture. not to flip in order to make rapid money. to gain access to financial infrastructure that was previously unavailable for Bitcoin.

In 38 days, a billion dollars in TVL. At launch, 90 protocols were implemented or integrated. the post-mainnet Bitcoin DeFi network with the quickest rate of growth. Although these figures are remarkable, they don't tell the whole picture.

What's really interesting is that Bitcoin can now be programmed. And everything about the next stage of cryptocurrency starts to make sense once you realize what that unleashes.

Allow me to explain the significance of this and why it is occurring now.

For fifteen years, Bitcoin has existed. It rose to become the most commonly held, safest, and trusted cryptocurrency asset on the planet during that period. The market capitalization is $2.50 trillion. a flawless history of security and uptime. the sole digital asset that is as valuable to the general public as gold.

However, despite all of that success, Bitcoin hasn't worked in DeFi. Without wrapping it, you couldn't lend it. Staking it for yield was not an option. If you didn't trust the custodians, you couldn't use it as collateral. Without oracles, it was unable to create apps that react to Bitcoin transactions, which posed serious security threats.

Ethereum took a different course. programmable right away. Turing complete smart contracts. With hundreds of billions of activities, the DeFi ecosystem is rich. However, Ethereum does not have the same security profile or institutional acceptability as Bitcoin.

The idea of combining these ecosystems has been discussed for years. The compromise answer turned out to be wrapped Bitcoin. Your actual Bitcoin would be held by custodians, who would also provide you an Ethereum ERC-20 token. This was effective until bridges were hacked or caretakers failed. These systems received billions of dollars. Then billions were pilfered.

Each vulnerability brought to memory the reasons why Bitcoin owners shunned DeFi. Bitcoin was created to do away with the trust presumptions that wrapping introduced.

The underlying issue remained constant. Bitcoin cannot be changed to make it programmable. Changes to the protocol that jeopardize security or ease of use would never be accepted by the community. Furthermore, without knowledge of the Bitcoin state, it is impossible to construct a strong DeFi. Oracles foster confidence. Trust is introduced by relays. Trust is introduced by custodians.

By creating infrastructure that does not require trust, Hemi was able to resolve this issue. An whole Bitcoin node is embedded within an EVM environment by the Hemi Virtual Machine. Bitcoin data may be directly queried via smart contracts. The UTXO set is visible to them. They are able to confirm transactions. They are able to check balances. All without custodians, relays, or oracles.

An incremental improvement is not what this is. This is a change in category. Bitcoin may now be programmed in its original form without the need for wrappers or middlemen for the first time.

In reality, what does that allow? I'll provide you specific instances.

Bitcoin itself can be used for settlement on a non-custodial Bitcoin exchange. Without assuming custody, the smart contract monitors Bitcoin transactions and arranges exchanges. All the while, users are in charge of their keys. The settlement is atomic. The switch either completes or reverts.

You may create lending protocols that use Bitcoin's blockchain to directly verify BTC as collateral. Not a single wrapped token. The contract examines your Bitcoin balance, makes a loan against it, and uses Bitcoin transaction tracking to confirm repayment. The contract contains a claim against your Bitcoin that may be enforced through a number of methods in the event that you default.

Real Bitcoin may be used to create staking systems that earn yield while securing protocols. not artificial yield via speculation or leverage. organic income from giving apps financial security, just like ETH staking does.

You may create DAOs where confirmed Bitcoin ownership determines the voting weight. Bitcoin is not represented by any tokens. Bitcoin is not held by any custodians. Simply cryptographic evidence that you are in possession of a specific quantity of Bitcoin, granting you the right to proportional government.

Prior to trust assumptions, none of these uses were feasible. People are using them now that they are available.

BitFi introduced a staking solution that allows you to deposit Bitcoin and profit from funding rate arbitrage that is delta-neutral. This is an organic yield that comes from real trade. Since the technique is market neutral, price fluctuation has no impact on returns. By taking advantage of inefficiencies in perpetual funding markets, it is pure alpha.

For Bitcoin yield, Spectra developed fixed rate markets. For institutions, this is crucial since fluctuating rates lead to uncertainty in the balance sheet. What your returns will be the following quarter is unknown to you. That is resolved by fixed rates. By exchanging principle and yield tokens independently, you may lock in a guaranteed return for a predetermined amount of time.

Lending markets for Bitcoin liquid restaking tokens were introduced by ZeroLend. Restaking is an Ethereum feature that allows you to generate more yield and secure more protocols by using staked assets. Hemi has native Bitcoin restaking in its plans. By allowing you to borrow against restaked positions without unstaking, these lending markets enable capital efficiency.

Leverage looping methods were introduced by Gearbox. You borrow more Bitcoin, convert it to more liquid staking tokens, deposit them, deposit more Bitcoin, and so on. Your exposure to the staking yield and price fluctuation is increased with each loop. Without centralized platforms, Bitcoin holders have never had access to this advanced capital efficiency.

River Protocol created the stablecoin satUSD, which is backed by Bitcoin. Posting Bitcoin at a minimum collateralization ratio of 110 percent is how you mint it. Though it is supported by the most reliable collateral in cryptocurrency, this is comparable to DAI on Ethereum. Why is this important? due to the censorship resistance of decentralized stablecoins. You can freeze USDC and USDT. Bitcoin-backed SatUSD in a decentralized network is unable to.

Perpetual futures on Bitcoin and Ethereum with leverage of up to fifty times were introduced by Satori Protocol. Without owning the underlying asset, traders are able to take long or short bets. Fees from trading activity are received by liquidity providers. This enables Bitcoin DeFi to trade derivatives in a capital-efficient manner without the need for centralized exchanges.

Support for safe integrated multisig wallets. The stakes for institutional adoption are these. To authorize transactions, serious treasuries need several signers. For institutions putting Bitcoin funds into DeFi, having it natively available on Hemi eliminates a barrier.

These all stand for financial infrastructure that was not feasible prior to Hemi. With each one, Bitcoin becomes active, producing capital rather than a passive store of wealth.

Tunnels are the infrastructure that makes this possible, and it's important to comprehend why they're safer than bridges.

Bridges use custodians and mint tokens on a different chain to lock your Bitcoin. You have faith that the guardians won't take your Bitcoin. You have faith that they will respect redemptions. History demonstrates that trust is betrayed. Bridge exploits have resulted in the theft of billions.

Verification in Hemi Tunnels is based on evidence. The receiving contract uses the hVM's native Bitcoin visibility to confirm the transaction when you transmit Bitcoin over a tunnel. The contract verifies the transfer after viewing the Bitcoin blockchain. Trust is not necessary. Only cryptographic evidence.

Overcollateralized custodianship is added in the present implementation. Bitcoin-holding entities are required to provide more collateral than they really have. They lose more than they could steal if they misbehave. In addition to cryptographic security, this produces economic security.

This is becoming increasingly more secure, according to the plan. One-of-N security is used in the BitVM2-based tunnel that will deploy later this year. Theft may be contested and stopped by one sincere individual. A majority is not necessary. A threshold is not necessary. It is sufficient for one person to pay attention.

This transfers custody to pure cryptography, the foundation upon which Bitcoin was founded, from trusted parties.

Proof of Proof is the security paradigm that serves as its foundation. Hemi may inherit Bitcoin's security in this way without requiring modifications to the cryptocurrency itself.

Hemi block headers are extracted by PoP miners and included into Bitcoin transactions. Bitcoin verifies those transactions. A Hemi block becomes Superfinal when it has enough Bitcoin confirmations. It would take a 51 percent attack on Bitcoin itself to reorganize that block.

You are not putting your faith in a different group of validators. A multisig is not someone you can trust. The most costly security method ever created, Bitcoin's proof of work, is what you are relying upon.

It's really decentralized here. A PoP miner may be operated by anybody. All you have to do is pay Bitcoin fees and create transactions using Hemi data. By offering protection, you receive HEMI awards. The finality of a block increases with the number of PoP releases.

This mechanism was created by Maxwell Sanchez. The project was co-founded by Jeff Garzik, an early developer of the Bitcoin core. This is not outsiders attempting to develop on Bitcoin without knowing how it works. These individuals contributed to the creation of Bitcoin and are extending it while maintaining its essential principles.

Hemi's support demonstrates a strong institutional commitment. Thirty million was raised, including a fifteen million dollar expansion round from Republic Digital, HyperChain Capital, and YZi Labs, formerly known as Binance Labs. Breyer Capital, Big Brain Holdings, and other investors who put money into infrastructure rather than hype were part of the seed round.

All economic activity is coordinated via the HEMI token. It covers network transaction costs. PoP miners are encouraged to secure the chain. In order to inherit such security, projects are constructing layer threes on Hemi pay in HEMI.

You may take part in decentralized sequencing and gain governance privileges by staking HEMI in the veHEMI system. You may earn fees by giving Tunnels liquidity. Applications that are built on top of Hemi can be given financial stability.

Approximately 9.78 percent of the ten billion units in total quantity were in circulation at launch. Emissions range from 3 to 7% every year. Twenty-eight percent went to strategic partners and investors who contributed distribution and experience in addition to funding.

Tokenomics produces a transparent flywheel. Network activity rises with more apps. PoP incentives and costs rise with increased activity. The demand for HEMI rises with higher payouts. Staking is driven by increased demand. Decentralization is enhanced with more staking. More apps are drawn to better decentralization.

I've been following cryptocurrency long enough to be able to spot fundamental changes. Iterative projects are the norm. minor enhancements to preexisting concepts. improved user experience. reduced costs. quicker transactions.

Hemi doesn't use iteration. It makes feasible things that were before completely impossible. It was not possible to program Bitcoin in a way that minimized trust. It is now. Without custodians, Bitcoin was unable to access DeFi. It can now. Without centralized lenders, Bitcoin could not generate income. It now uses staking and security procedures to produce organic output.

The market is reacting. In 38 days, a billion bucks. 100,000 verified users. 90 protocols were combined. the post-mainnet Bitcoin DeFi network with the quickest rate of growth.

However, what has occurred is not the true opportunity. It's the next step.

Two and a half trillion dollars in capital is represented by Bitcoin. Most of them sit around doing nothing. Not because it isn't trusted. Not because it's worthless. However, the lack of infrastructure made it impossible for Bitcoin to function without jeopardizing its value.

The infrastructure is provided by Hemi. Now, Bitcoin has access to all of Ethereum's financial primitives, including the ability to stake, lend, generate income, and take part in governance. All the while preserving the trust architecture and security assurances of Bitcoin.

I don't believe that capital remains on the sidelines once Bitcoin holders understand that this is feasible. The yield is genuine. The applications are up and running. There is good security.

This has nothing to do with future conjecture. This infrastructure is currently in use. Bitcoin is being staked by users. Bitcoin is being lent by people. Individuals are making money off of their Bitcoin. All without centralized middlemen, wrappers, or custodians.

HEMI is not traded against other layer twos. Bitcoin is being traded from active to idle. Dormant versus productive capital.

A sum of 2.5 trillion dollars is awakening. There is infrastructure. Applications are being delivered. The money is coming in.

Being aware of this change provides you an advantage whether you are investing, creating, or simply watching. Because gradual change is not what follows. It represents a fundamental shift in the capabilities and applications of Bitcoin.

Digital gold is no longer all that Bitcoin is. It is infrastructure that can be programmed. It is capital that bears yield. It serves as the cornerstone of the upcoming decentralized financial revolution.

And the rails that make it possible are Hemi.

The migration has begun. Already, 100,000 individuals have relocated. Already, a billion bucks have been sent.

This is only the start.

Saya masih ingat pertama kali saya diberikan penjelasan tentang Bitcoin. Emas digital. Terbatas, aman, dan tidak dapat dipercaya. Sebuah penyimpan nilai yang tidak dapat terinflasi atau diambil oleh pemerintah. Itu logis. Rasanya revolusioner memiliki aset dengan batas keras di dunia di mana uang diciptakan tanpa henti.

Namun, pertanyaan ini terus muncul di benak saya. Mengapa Bitcoin hanya diam di sana jika itu adalah aset cryptocurrency yang paling aman dan dapat diandalkan? Mengapa kapital Bitcoin tidak menghasilkan apa-apa kecuali Anda memberikannya kepada pemberi pinjaman terpusat, sementara kapital Ethereum dapat menghasilkan keuntungan dalam ratusan cara?

Saya masih terganggu oleh tangkapan layar yang saya simpan pada Maret 2024. Transfer USDT yang tidak berhasil dengan biaya gas $12 terbakar sia-sia ditampilkan oleh eksplorator blockchain. Pengguna mencoba mengirimkan $30 kepada anggota keluarga. Setelah membayar biaya, transaksi gagal karena tidak ada cukup gas. Mereka masih harus menyelesaikan transfer pertama, kehilangan $12, dan tidak mendapatkan apa-apa sebagai imbalan.

Sepanjang tahun 2024, ini terjadi jutaan kali. Tidak bagi para ahli crypto yang akrab dengan pola kemacetan jaringan dan penghitungan gas. Bagi pengguna sehari-hari yang mencoba menggunakan stablecoin untuk transfer nilai stabil, yang merupakan penggunaan yang dimaksudkan. Setiap transaksi yang tidak berhasil berarti seseorang kehilangan uang pada infrastruktur yang seharusnya membantu mereka. Setiap kemunduran mendorong pengguna potensial menjauh dari cryptocurrency sepenuhnya atau kembali ke jalur konvensional yang mahal.