• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Second Version of Bitcoin Virtual Machine BitVM2 and Updated BitVM Bridge Released

user avatar

by Giorgi Kostiuk

a year ago


  1. Introduction of BitVM2
  2. Updated Features of BitVM2
  3. Improvements to BitVM Bridge

  4. Bitcoin developers introduced a new version of the Bitcoin Virtual Machine, BitVM2, and an updated BitVM Bridge. The new version aims to enhance transaction efficiency within the Bitcoin network.

    Introduction of BitVM2

    This week, the second version of the Bitcoin Virtual Machine, known as BitVM2, was released. According to the developers, this version aims to increase Bitcoin's transaction capacity without altering its core code and principles of decentralization.

    BitVM2 employs optimistic computation to scale Bitcoin using sidechains.Alexei Zamyatin

    Updated Features of BitVM2

    The new version of BitVM introduces a permissionless system that allows any user to challenge suspicious transactions. This is a departure from the previous version, which limited challenge rights to designated parties.

    Improvements to BitVM Bridge

    The document highlights significant updates to the BitVM Bridge. Key enhancements include reduced capital requirements and shorter asset lock-up periods, facilitating the transfer of bitcoins to and from rollups – secondary networks that enable faster and less costly transactions on the Bitcoin network.

    The presented updates to BitVM2 and BitVM Bridge are aimed at improving the efficiency and speed of transactions on the Bitcoin network, without compromising the core principles of decentralization. This marks an important step in enhancing the Bitcoin infrastructure and supporting its further growth and scalability.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Popular Meme Coins: What Awaits PEPE and How Little Pepe Claims the Throne

chest

Prices of meme coins PEPE and LILPEPE: declines, potential, and forecasts for 2025.

user avatarGiorgi Kostiuk

Douyin: 12.13 Million Stablecoin Searches in China

chest

Douyin platform sees 12.13 million views on stablecoins, showcasing public curiosity without market impact.

user avatarGiorgi Kostiuk

Overview of Whale Activity in the XRP Market: What Does It Mean?

chest

On the Hyperliquid platform, two large traders opened positions on XRP worth $2.17 million, which may herald a price increase.

user avatarGiorgi Kostiuk

Elon Musk Launches America Party: FEC Registration and Political Implications

chest

Elon Musk has registered the America Party with FEC, appointing Vaibhav Taneja as treasurer. No impact on the crypto market has been observed.

user avatarGiorgi Kostiuk

Elon Musk Launches 'America Party' and Its Impact on Meme Coin Market

chest

Elon Musk has registered 'America Party', leading to a 150% surge in meme coins.

user avatarGiorgi Kostiuk

Changpeng Zhao on the Impact of Early Bitcoin Adopters and Binance's Transparency

chest

Binance founder Changpeng Zhao discusses the influence of early Bitcoin investors and raises questions about the transparency of Binance's reserves.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.