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

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

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.

Other news

Aptos Reports Token Burn and Staking Emissions

Aptos has burned approximately 174,570 APT in the last 30 days while issuing around 15 million APT through staking.

user avatarEmily Carter

Cross River Bank Integrates Ripple's RLUSD Stablecoin for Enhanced Payment Solutions

Cross River Bank integrates Ripple's RLUSD stablecoin to enhance payment solutions for fintech customers.

user avatarTomas Novak

Stocklinked Tokens in DeFi Surge to $2.624 Billion

Stocklinked tokens in decentralized finance reached approximately $2.624 billion by the end of September 2026, marking an 18-fold increase from the beginning of the year.

user avatarKaterina Papadopoulou

Fidelity's Assessment Highlights Solana's Improved Reliability

Fidelity's assessment indicates Solana has operated for over two years without major outages, achieving a 99.7% vote success rate, but warns of concerns regarding validator concentration.

user avatarMaya Lundqvist

BitTorrent Unveils New Whitepaper and Brand Upgrade for Web3 and AI

In October 2023, BitTorrent unveiled a comprehensive brand upgrade and a new whitepaper outlining a tripartite architecture for decentralized content distribution and compute, aiming to enhance operational efficiency for Web3 and AI applications.

user avatarLeo van der Veen

JUST Completes Fifth Buyback and Burn of JST Tokens

JUST has successfully completed its fifth buyback and burn of JST tokens, burning over 170 million tokens.

user avatarLi Weicheng

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.