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Davide
@0xdavide
🔥Today a brief focus on Yona Network, a Layer2 powered by Solana, since it uses SVM (Solana Virtual Machine). The goal of Yona is to bring programmability and scalability to Bitcoin, leveraging the SVM. It's a Layer2 that uses validity rollups to scale transactions without compromising Bitcoin's security. It supports smart contracts and advanced interactions through an architecture similar to zk-rollups on Ethereum. It enables fast and cost-efficient transactions while anchoring to Bitcoin’s blockchain security, unlocking new possibilities for Bitcoin-based DeFi. It employs a trust-minimized system to ensure that assets on Layer2 remain secure without relying on centralized entities.
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Davide
@0xdavide
⚫How is it different from Lightning Network? Yona is inspired by Solana for performance, but uses Bitcoin as a security layer. Lightning Network is an off-chain payment channel system, designed for fast and low-cost transactions, but does not support complex smart contracts like those in EVM/SVM environments. With Yona, you can use decentralized applications, NFT, etc., making Bitcoin a kind of programmable platform. Bitcoin serves as the security base, but most of the activity is off-chain on Yona. On the other hand, for Lightning Network, transactions are off-chain, but they are directly anchored to the Bitcoin blockchain for opening/closing channels.
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