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@redvelvet

52 Following
72 Followers
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@redvelvet
Fifth Epoch Forecast Bitcoin programmability is the name of the game for Epoch Five. It will be defined by community rebalancing and liquidity rebundling
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@redvelvet
ok I'm convinced, I'll start running Ord alongside my Bitcoin node
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@redvelvet
Dove into Bitcoin layers in the latest Messari quarterly Check out the Layer Analysis section https://messari.io/report/state-of-bitcoin-q1-2024
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@redvelvet
State of Bitcoin Q1 2024 Get up to speed on Ordinals, network activity, ETFs, layers, and more https://messari.io/report/state-of-bitcoin-q1-2024
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@redvelvet
Here's a neat idea for storing arbitrary data in blocks through tx ordering A formalized metaprotocol could become more accessible with the rise of hashrate marketplaces (eg Lumerin) and private mempool as a service products (eg marathon's slipstream) https://twitter.com/salvatoshi/status/1772619501370036477
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@redvelvet
BitVM 2 looking super cool. Unlike the first model, this one supports permissionless verification of proofs Looking fwd to seeing some implementations of the concept
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@redvelvet
Stay tuned for analyses on live layers to launch Stacks, Core, Lightning, and more will be reviewed and available soon!
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We launched bitcoinlayers.org , an open-source tool for keeping up with the many Layers being built and analyzing their risks and security assumptions
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There are many projects that identify as Bitcoin Layers. We analyze them against the five different criteria pictured below:
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At the risk of being reductive, there are only two areas to focus on for Bitcoin layers to be realized 1. A ‘safe enough’ BTC bridge 2. Tx validity enforcement And 2 doesn’t reallyyy matter until we have 1
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@redvelvet
New desoc @drakula 👀
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Chainway opensourced their BitVM zk verifier woop woop https://github.com/chainwayxyz/bitvm-zk-verifier
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bitcoinlayers.org has a list of 27 layers so far (and will soon have qualitative analysis on each layer)
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@redvelvet
Why FriendTech didn't work, but Warpcast will: https://redvelvetzip.substack.com/p/desoc-warpcast-and-friendtech
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Tell me this is related to their slipstream private-mempool-as-a-service 👀
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@redvelvet
THREE THOUSAND AND SIXTY NINE MILE-HIGH DOLLARS FOR ONE ETHER
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the hackathon has begun. time to spend the next 9 days trying to center a div
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@redvelvet
Fuel makes a good case for custom VM rollups L1 VMs (EVM, Solana VM) were built for monolithic L1s. Gen-purpose VMs (wasm, risc, linux) were built for generalized computers. Build a VM for rollups eg FuelVM, CairoVM, Aztec/Noir https://fuel.mirror.xyz/uYMT39LiB538Q61Mgf4bRrsAwApJSeNiG_afDHhOhGs
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so native tokens aren't allowed on "L2s" now? wont someone please think of the gamblers
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@redvelvet
Frames for Messari quarterly report insights are live! https://messari.io/report/state-of-cosmos-hub-q4-2023
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