Weekly #20
January 03, 2025 - Week 1
Dear community, happy new year! Hope you had a wonderful 2025 start.
As the new year begins, the Fairgate Weekly keeps on sharing with you the most relevant news from the Disputable Computing scene.
Two new BitVM PRs were introduced to enhance efficiency: one optimizes MSM, reducing hash operations from 80 to 16, while the other improves the BLAKE3 hash, enabling larger message handling (up to 1024 bytes) with reduced stack usage.
 | BitVM |
The Fiamma team published an article addressing fungibility challenges in its BitVM2-based bridge, such as inflexible PEG-OUT amounts and asset locking. They propose solutions, including liquidity providers and a forced exit module, while outlining plans for future updates.
medium.com/@Fiamma.io
🔗
BBBB Blog 003: Fungible Bridge
This article primarily addresses the issue of fungibility within the Bridge, building on our previous analyses. Users encounter several challenges during the PEG-OUT process:
Amount Inflexibility Issue: When the amount users wish to PEG-OUT is not in the Operator-maintained PEG-IN amount list, they cannot directly proceed with the exit.
Asset Locking Issue: If some operators go offline, leading to some assets not being able to be withdrawn without permission, two methods can be utilized:
BOB announced a trust-minimized Bitcoin bridge prototype powered by BitVM2. It utilizes Fiamma’s BitVM2 infrastructure to improve security and efficiency, with testnet deployment planned for early 2025.
blog.gobob.xyz
🔗
BOB Announces Trust-Minimized Bitcoin Bridge Prototype, powered by BitVM
To accelerate its implementation of BitVM2, BOB teamed up with Fiamma, the pioneer behind the first products utilizing BitVM2, including the first BitVM bridge (Fiamma Bridge) and the first BitVM-powered verification layer on Bitcoin (Fiamma Layer).
This partnership was instrumental in the success of BOB’s BitVM bridge prototype. Together, BOB and Fiamma deployed key bridge infrastructure and trialled an early version of the prover software to verify BOB’s consensus.
That's all for this edition of Fairgate Weekly! The year's only beginning , but the speed of news remains the same.
Enjoy your reading, and until next week!
The Fairgate Team