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

by Giorgi Kostiuk

2 years ago

Made with AI

Introduction of BitVM2
Updated Features of BitVM2
Improvements to BitVM Bridge

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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

TRON DAO Takes Center Stage at TOKEN2049 and DAS Asia 2026

TRON DAO participated as Title Sponsor at TOKEN2049 Singapore and DAS Asia 2026, discussing the future of stablecoins, AI-driven commerce, and blockchain infrastructure.

Kofi Adjemana day ago

Bitcoin Life Insurance Company Secures $375 Million in Funding

A Bermuda-based life insurance company operating entirely in Bitcoin has raised $375 million to meet growing demand for its policies among wealthy families.

Nguyen Van Longa day ago

Senator Blumenthal Seeks Information from Cantor Fitzgerald on Tether Dealings

Senator Richard Blumenthal has requested Cantor Fitzgerald to provide records related to its business relationship with Tether, focusing on the financial gains of Commerce Secretary Howard Lutnick's family.

Satoshi Nakamura2 days ago

Ledger Halts Sales Amid Fund Loss Investigations

Ledger has paused sales and shipments of its hardware wallets after reports of fund losses from customers in Southeast Asia who purchased devices from CryptoBilis.

Jesper Sørensen2 days ago

Project Eleven and Quantus Collaborate on Strongpoint for Future Crypto Custody

Project Eleven has partnered with Quantus to enhance crypto custody solutions through the integration of the Quantus Network into Strongpoint, targeting support for post-quantum cryptography by Q1 2027.