BitVM Status Report, by BOB
BOB Research releases the BitVM Status Report, detailing the latest advancements in BitVM. The report covers BitVM’s role in Bitcoin security and BOB’s progress in its implementation.
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BOB Research: BitVM Status Report
BitVM is a mechanism to execute arbitrary programs on Bitcoin in an optimistic manner: the execution happens off-chain but in case of failures, disputes are resolved and enforced on-chain. Think Optimism, but on Bitcoin. The two main use cases are Bitcoin rollups and trust-minimized bridges. In both cases, we want to allow users to deposit and withdraw BTC from an L2 without trusting a 3rd party. With BitVM we can ensure BTC deposits cannot be stolen as long as there is a single honest and online node in the network - this node can be the depositor herself.
