Aurora Labs’ Post

What could be next for #Bitcoin and its development? Could more features and functionality come to Bitcoin? Find out in our latest report on Bitcoin Virtual Machine (BitVM)! We cover the basics on what it is and how it works, along with possible benefits and challenges. https://lnkd.in/emMWAfaP

Stacks, initially launched under the name 'Blockstack' in 2017, has been continually developing its project with the aim of transforming into a smart contract platform on the Bitcoin network. Through its 2.0 upgrade, Stacks has managed to implement smart contract while preserving the decentralization and security of the Bitcoin network. Currently, Stacks is progressing towards becoming a complete Bitcoin Layer 2 with the 'Nakamoto Release.' In this article, we will take a closer look at the current structure of the Stacks chain and explore the blueprint that Stacks is designing through the 'Nakamoto Release.' https://lnkd.in/eD3Y6Anj

According to a report by Binance Research, the average transaction fee for Bitcoin has seen a notable increase, rising from $1.50 in 2022 to $4.20 in 2023, and reaching $9.50 so far in 2024. #binanceresearch #report #bitcoin #transactionfee #increase #2022 #2023 #2024 https://lnkd.in/dzXRtexf

We're excited about LeverFi's release of OmniZK, a secure validation protocol that expands scalability, logic construction and interoperability for Bitcoin! Since the existing Bitcoin Script lacks the required expressive logic to support complex computations, event handling and state updates, development of native DeFi on Bitcoin can be challenging. OmniZK addresses this gap by providing secure validation for the Bitcoin network that allows developers to shift complex computations onto any EVM layer, and relay the final event outcomes back to the Bitcoin network to conduct native settlements. This places OmniZK at an interesting nexus of the rapidly growing Bitcoin ecosystem and offer alternatives to developers and users who wish to build and settle within the native Bitcoin layer. Read more: https://lnkd.in/g5segYuJ

You should see this perfect progression of ICP. #ICP #Dfinity #Blockchain #Web3 #CCTP

Bitcoin layer-2 solutions are increasing in demand, esp after the launch of the Runes protocol: https://lnkd.in/ghNVs2eF #bitcoin

Daniel Fogg, CEO of RootstockLabs, talked to Cointelegraph and pointed out that while Bitcoin can handle the increased load of activity from Runes the rising main chain fees present an opportunity for Layer 2 solutions. “Runes (like Ordinals and inscriptions) have brought excitement back to the idea of building on #Bitcoin. But if you are going to build a new economy, storing and transferring value are not enough. You need Turing-complete smart contracts, developer tools and much more…” https://lnkd.in/gr2gUwB8

Hey community members 👋 With the recent completion of the much-anticipated #Bitcoin halving event, we're diving into the world of Bitcoin Layer 2 Solutions. ✅ We'll take a look at implications from the recent #halving, how these #Layer2 solutions can contribute to the industry's growth and even the challenges that potentially lie ahead for the space. Read now ➡️ https://lnkd.in/gH5scMER Some recent Bitcoin Layer 2 protocols that have been on the rise include BoB (Build on Bitcoin) and Mezo. 🌐 Are you following the development progress of any of these protocols, and is is this a space you're keen to learn more about? Let us know! 😉 #OAX #OAXAcademy #crypto #digitalassets

‘No bridges or wrapping,’ dWallet and Avail are building native Bitcoin rollups! Bitcoin users will soon be able to access smart contract functionality without having to bridge, wrap or relinquish control of their BTC through a new integration between dWallet Network and Avail. The partnership will enable dWallet’s smart contracts, built on Avail’s data availability solution, to create Bitcoin signatures for the first time while maintaining a user’s complete control of their BTC. Click the link below to learn more. #Uniramp #web3 #blockchain #defi #crypto https://lnkd.in/disWP4aY

If you aren't looking at Coinweb Labs yet, it's worth taking a look. It's an interoperability L2 that's integrating all the major chains, allowing anyone that develops on their chain to run the transaction on any other chain. We are seeing the beginning of the consolidation in a nascent space, and I'm excited to continue to be at the forefront of it alongside my Partners at GDA Capital. Onwards & Upwards 😁 #blockchains #coinweb #web3 #levelup