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Week 36
Hey everyone! As every week, Fairgate brings you the most relevant articles with industry's updates and news from the Fairgate front.
This week's edition comes packed with info: UTXO Management's first 'State of the bridges' report, a breaktrough with the new multiplication algorithm M31 by the Starkware team, explorations of BTC as a data availability layer, and much more.
Enjoy, and don't forget to subscribe!
Sergio Lerner from Fairgate Labs explores the security tradeoffs involved in Bitcoin Validating Bridges in an article where he introduces a set of key properties for analyzing the security and functionality of these bridges.
fairgate.io/blog
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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.
UTXO Management has released its first 'State Of The Bridges' report, offering an in-depth analysis of the Bitcoin L2 landscape. The report explores the current and future potential of Layer 2 bridge designs, focusing on innovations like sidechains and rollups for scalability, while addressing technical challenges and adoption strategies.
utxo.management
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State Of The Bridges 1
SOTB_1: An Overview of Bridge Designs for Bitcoin L2s<br/>As we enter of new era of development on Bitcoin, it has become very hard for most people to understand the nuances of the L2 debate, and ever harder to follow some of the technical jargon associated with it. Sidechains, Written by Guillaume Girard
A major breakthrough in multiplication over Bitcoin by the Starkware team with a new algorithm for M31 multiplication. This algorithm reduces multiplication cost by 70% without relying on OP_CAT.
 | Bitcoin Wildlife Sanctuary |
A major breakthrough in multiplication over Bitcoin, and in STARK verification on Bitcoin signet! ₿🧪
— StarkWare 🐺🐱 (@StarkWareLtd) August 26, 2024
A new algorithm for M31 multiplication by @avihu28 reduces multiplication cost by 70%! Once fully integrated into our OP_CAT-based Circle STARK verifier (link below), we expect…
RISC Zero is now fully open source. 🟡
— RISC Zero 🟡 (@RiscZero) August 28, 2024
We released our entire circuit source code and compiler tech.
Empowering developers, partners, and auditors worldwide to confidently build, verify, and innovate. pic.twitter.com/d03RuafnJa
Citrea's explores the use of Bitcoin as a data availability layer, highlighting its potential to securely store and verify data on a decentralized network.
blog.citrea.xyz
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Bitcoin as a Data Availability Layer: What, Why, How?
Rollups are fundamentally defined by data and the order in which that data is processed. As a result, the choice of a data availability layer is crucial to the trust model that underpins rollups. The integrity and security of rollups depend heavily on the safety and publishing guarantees provided.<br/>Written by Citrea Team
In this three article series the Scrypt team explores innovative use cases for Bitcoin's OP_CAT operation, including trustless ordinal sales through covenants, efficient Merkle tree construction, and secure vault mechanisms, highlighting how OP_CAT can enhance Bitcoin's functionality.
Part 1 | Part 2 | Part 3
scryptplatform.medium.com
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Bitcoin OP_CAT Use Cases Series #1: Covenants
The OP_CAT opcode has potential to enhance the flexibility and functionality of Bitcoin, if reactivated. It allows developers to create impressive new features such as covenants.
That's it for this week's news! Hope you enjoyed and found them useful. If so, please help us expand the message and recommend Fairgate Weekly to your network!
Fairgate Team