chad_2018

So, Martin from FairgateLabs has managed to create a BLAKE3 implementation in Bitcoin script. This is the smallest hash function ever put into script, coming in at just 45K bytes or 11.2K vbytes in a Taproot script. You…

I support OP_CAT, but Bitcoin L2s need more decentralized bridges now. We'll develop BitVMX with optional support of OP_CAT, so that we can make use of OP_CAT if/when it is activated.

So, Martin Jonas from the BitVMX team whipped up a SHA-256 code using Bitcoin script that can hash 64 bytes, and it's compact enough to fit into a standard taproot script. The biggest hurdle is the limit on the script…

You can think of transaction fees like an auction where users are bidding on the cost for getting a block processed. It’s like a first-price auction where the highest bidder gets their transactions included faster. I’ve…

FYI the BitVMX paper is available at https://bitvmx.org There is a Telegram channel for devs and a twitter account for updates.

The key differences between BitVM1 and BitVMX are the amount of pre-computation required, the transaction space consumed, and more importantly, the complexity of the solution. Regarding pre-computation, BitVM1 requires…