Blog
Wrap Up 2024: A Year of Progress and Excitement
Looking back at 2024, we feel proud and excited. From publishing two foundational whitepapers to enable universal computation bitcoin followed by the creation of BitVMX, we have turned ambitious ideas into reality and we are just getting started.
A Review of the BitVM2-based "Linus24" Bridge
In this article, we apply our four-properties taxonomy (Consensus Validation, Interactivity, Anchor, and Finality) to the recently published BitVM2 Bridge. These findings were shared with the BitVM Alliance but are analyzed here more rigorously using our taxonomy.
Zero Knowledge Proof Verification on Bitcoin
BitVMX is a protocol that allows two parties to execute a program off-chain and the correct execution of this program to be challenged on-chain. This enables the possibility to create Bitcoin transactions where the spend condition can be resolved based on the result of such computation.
The Security Tradeoffs of Validating Bridges
Building a secure bridge is one of the most difficult tasks in the crypto ecosystem. While there have been new developments in Bitcoin bridge designs, such as schemes relying on BitVM2 or BitVMX, the core problem remains the same.
How BitVMX Differs from BitVM
While BitVM is considered to be of theoretical interest, it's impractical for all significant use cases. BitVMX, on the other hand, targets real-use scenarios.