A minimalist interpretation of BitVM: How to verify fraud proof on the BTC chain
At present, Bitcoin Layer 2 has become a craze, and it is said that there are dozens of projects that self-position themselves as "Bitcoin Layer 2" on the market.
![image JinseFinance](https://image.coinlive.com/24x24/cryptotwits-static/9e021fa1f8e48e84c05a9c950c3e45dd.png)
At present, Bitcoin Layer 2 has become a craze, and it is said that there are dozens of projects that self-position themselves as "Bitcoin Layer 2" on the market.
The main goal of this design is to build a specially customized Layer 2 network for the Bitcoin blockchain.
So how to put a piece of Verifier logic in the Bitcoin network?
Layer 2 of general computing smart contracts on Bitcoin has always been a problem because the Bitcoin network cannot be relied on to ensure the security of smart contracts.
BitVM focuses on enhancing Bitcoin's scalability and addressing Lightning Network limitations without replicating Ethereum's DeFi, preserving Bitcoin's core principles and security
BitVM, introduced by ZeroSync, aims to enhance Bitcoin's smart contracts, making it more expressive and capable without requiring a consensus upgrade
This opens the door to various applications, such as games like Chess, Go, and Poker, as well as the verification of validity proofs in Bitcoin contracts.
自 2023 年年初 Ordinals 开启 Bitcoin 的 NFT 试验以来,如何在 Bitcoin 上创立丰富的去中心化用例项目,成为行业关注的热点。
The expansion may not necessarily include Mercado Bitcoin acquiring a Mexico-based crypto exchange to operate in the country.