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Krn 🔵

@krn

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If you've worked with Bitcoin standards, you know its limited structure and unresolved issues that confuse users and make management difficult. You’ve probably faced challenges, such as navigating complex processes for minting or trading tokens. But with Nubit, all these problems and weaknesses are solved. ~ quick recap: Goldinals, a new product from the Nubit project, uses BitVM to solve key issues in Bitcoin standards like BRC20. BitVM is a new technology built on Bitcoin that enables complex computations and smart contracts. Bitcoin’s simple design doesn’t support advanced contracts, but BitVM provides a solution to bring smart contract capabilities to Bitcoin. * It uses the BitVM model to run complex computations without changing Bitcoin’s core protocol, enabling advanced tokens and applications. * Goldinals offers a unified protocol for managing tokens, fully compatible with Bitcoin. #Gnubit #Nubit
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𝗡𝘂𝗯𝗶𝘁 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗥𝗲𝗰𝗮𝗽 — 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟰 📖 The leaves fell, but milestones rose. 🍂 This month, Nubit took Bitcoin's potential to new heights. Key highlights: ▻ 𝗕𝗶𝘁𝗩𝗠 𝗔𝗱𝘃𝗮𝗻𝗰𝗲𝗺𝗲𝗻𝘁𝘀: Push-Button Verification + BitVM IDE launch, bringing Bitcoin programmability closer to developers. ▻ 𝗗𝗲𝘃𝗰𝗼𝗻 𝟮𝟬𝟮𝟰 𝗜𝗺𝗽𝗮𝗰𝘁: Hosted the Mass Adoption Forum + Rooftop Mixer and joined key panels on Bitcoin’s future. ▻ 𝗚𝗼𝗹𝗱𝗶𝗻𝗮𝗹𝘀 𝗣𝗿𝗼𝘁𝗼𝗰𝗼𝗹: The debut of this Bitcoin-native fungible token standard. … For the full breakdown ⬇️ https://medium.com/nubit-official/nubit-monthly-recap-november-2024-4591fe4432c5 #Nubit #Gnubit
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what is BitVM? BitVM is a novel approach to enabling smart contract functionality on Bitcoin without altering its core consensus rules. By leveraging off-chain computation and fraud proofs, BitVM allows complex operations to be executed securely while preserving Bitcoin’s decentralization and security. Key Features of BitVM: - No Protocol Changes Required: Operates within the existing Bitcoin framework, aligning with its conservative ethos. - Enhanced Flexibility: Enables advanced smart contracts, though currently limited to two-party interactions. - Challenge-Response Mechanism: Ensures data integrity through interactions between a Prover and a Verifier. - Off-chain Computation: Most processing happens outside the Bitcoin network, reducing blockchain load and improving efficiency. Advantages? Adds programmability to Bitcoin, paving the way for smart contracts, oracles, and decentralized finance (DeFi). The off-chain approach also enhances network scalability. #Nubit #GNubit #Bitcoin
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Exploring BitVM: Formal Verification for Decentralized Trust on Bitcoin 1▸ We’ve developed a “push-button” formal verification tool for BitVM, making it easy for anyone building on Bitcoin to automatically verify the security and correctness of their work. No expert knowledge is required, just straightforward security for everyone. 2▸ Why is this important? BitVM unlocks advanced capabilities on Bitcoin, but added complexity can bring risk. Our approach secures BitVM with mathematical proof, ensuring every transaction is verified and trustworthy. 3▸ This isn’t just infrastructure—it’s Bitcoin’s next leap. With BitVM’s formal verification, developers, researchers, and users all get security backed by proof, not assumptions. 4▸ Created in collaboration with @ZeroSync_, @AlpenLabs, @citrea_xyz, and @L1Fxyz, and supported by @Fractal_Bitcoin and @StarkwareLtd, we’re setting a new standard for secure, verifiable Bitcoin-native computation. #Gnubit #Nubit
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