Veronika

Veronika's avatar
Veronika
npub1en7k...p0zx
Bitcoin-adjacent protocol research (L2s) | Tinkering @ArkLabs with Arkade | all things Longevity | tech-optimist
BitVM is quietly evolving: The new design, BitVM3, drastically reduces onchain costs in the case of a challenge (by ~1000x). In earlier versions, while challenging was permissionless, the high costs meant only a few well-capitalized entities could realistically participate in the process. BitVM3 may change that, opening the door to a broader set of challengers. The tradeoff: garbled circuits introduce a multi-terabyte offchain setup. Reducing this overhead is an active research area and likely to see improvements. 📄.pdf