Approaching BTC: Background knowledge needed to understand BitVM
This article will introduce the basic ideas of BitVM, Bitcoin script and isolated witness.
![image JinseFinance](https://image.coinlive.com/24x24/cryptotwits-static/9e021fa1f8e48e84c05a9c950c3e45dd.png)
This article will introduce the basic ideas of BitVM, Bitcoin script and isolated witness.
BitVM, BTC, Approaching BTC: Background knowledge needed to understand BitVM Golden Finance, In-depth understanding of BitVM and other technologies
BitVM is the newest hot protocol in the Bitcoin ecosystem, with the potential to benefit every project built on Bitcoin. Let’s talk about the design of BitVM and the new possibilities it opens up for Bitcoin.
BitVM, Layer 2, BTC, IOSG | BitVM: The dawn of Bitcoin programmability Golden Finance, the rapid expansion of Bitcoin expansion solutions
BitVM2 is a bold variant: anyone can serve as a validator.
Although BitVM technology has great advantages in Bitcoin expansion, it is still in its early stages and there are still some problems in terms of efficiency and security.
The main goal of this design is to build a specially customized Layer 2 network for the Bitcoin blockchain.
So how to put a piece of Verifier logic in the Bitcoin network?
BitVM focuses on enhancing Bitcoin's scalability and addressing Lightning Network limitations without replicating Ethereum's DeFi, preserving Bitcoin's core principles and security
While some exchanges are keen on embracing crypto and crypto products, others have indicated a more ambivalent outlook