Computing on Bitcoin #25
February 07, 2025 - Week 6
Happy Friday everyone! Today we have a short announcement to make. As you may have noticed from the email subject, Fairgate Weekly has evolved into Computing on Bitcoin News. This name change aims to bring a clearer framework of the topics we usually cover in this publication, and make sure we help expand awareness of this category.
Rest assured, our compromise to bring you the latest and hottest news on the scene remains intact, even invigorated 🚀
Without further ado, let's dive into this week's article selection.
Nubit and Lombard outline a trustless Bitcoin DeFi model using BitVM to enable secure, decentralized financial services. Their approach removes intermediaries, allowing Bitcoin-backed lending, borrowing, and asset issuance through cryptographic proofs. This framework enhances financial accessibility while preserving Bitcoin’s core principles of decentralization and security.
medium.com/nubit-official
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Unlocking Bitcoin’s True Potential: Lombard and Nubit’s Vision for a Trustless Future
Bitcoin has historically been viewed as a store of value rather than an active financial asset in decentralized ecosystems. However, with the emergence of LBTC, BitVM, and the potential for trust-minimized BTC staking, the landscape is shifting. This session provided deep insights into the future of Bitcoin as a programmable financial layer, unlocking yield-bearing opportunities and security innovations without compromising its core decentralization principles.
A new BitVM update reduces script size and stack usage when computing fp6 or fp12 elements by optimizing the u4-byte hash. It now supports messages up to 1024 bytes but has yet to be merged into Chunker.
 | BitVM |
LayerEdge launches an incentivized testnet airdrop that leverages BitVM and ZK proofs for efficient settlement and reduced blockspace usage. It enhances Bitcoin’s security while enabling lightweight verification.
bitrue.com/blog
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LayerEdge Airdrop: Earn EDGE Points with Bitcoin-Powered Settlement
LayerEdge has introduced an incentivized testnet program, allowing participants to earn EDGE points by running light nodes and verifying cryptographic proofs.
The program follows a phased structure, starting with Phase 1 from January 22 to January 28, 2025, and continuing with Phase 2 beginning on January 28, 2025.
Participants earn points continuously by operating light nodes, receiving one point per second of active node operation.
Additional points can be accumulated through daily check-ins and by completing specific tasks within the LayerEdge ecosystem.
Nillion advances privacy-preserving computation with its innovative Multi-Party Computation (MPC) framework, using Blind Computation. The platform enables secure data processing without revealing sensitive information, unlocking new possibilities for decentralized applications.
medium.com/coinmonks
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Nillion: Pioneering the Future of Privacy-Preserving Computation
The digital age has led to an unprecedented dependence on data, making privacy a critical concern for both individuals and businesses. While blockchain technology offers decentralized security, it falls short when it comes to high-speed, privacy-focused computations.
Introducing Nillion — a revolutionary decentralized network that prioritizes privacy-enhancing computation in digital security. Unlike traditional encryption methods that require data to be decrypted for processing, Nillion utilizes Blind Computation. This innovative approach allows computations to be performed on encrypted data without revealing its contents.
That's a wrap for this week's edition.
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Thanks for reading, have a great weekend!