BitcoinX - A Bitcoin Layer 2 Proposal Using MultiversX Sovereign Chain Technology Bitcoin Layer 2 solution based on #MultiversX SovereignChains, which would achieve the following: - High-performance Secure Proof of Stake chain - Integrate multiple interoperability/composability modules and VMs. - Process over 50,000 transactions per second on inexpensive machines. - Native cross-chain operation module towards MultiversX mainnet. - Integrate a native bridge/rollup solution towards Bitcoin in the SovereignChain stack. Two-Way Peg Bridge 1. Build a bridge enabling Bitcoin to be staked on SovereignChain alongside EGLD from the Gravity ReStaking Layer. 2. Bridged BTC is wrapped into wrappedBTC, pegged 1-to-1 with BTC locked in the 2WP MPC wallet. 3. Assets coming to the MultiSignature wallet are cached by Bitcoin light clients run by all SovereignChain validators. Validators include Bitcoin block headers in Sovereign blocks. If a Bitcoin header contains a UTXO moving BTC/BRC-20 assets to the MultiSig address, validators create an IncomingTX and add it to the SovereignChain block. Process •If the leader does not add the IncomingTXs, the block is not signed by validators •The next honest leader adds the IncomingTX. Each validator generates the IncomingTX separately, ensuring the same data and order •Considering Bitcoin's Proof of Work and finality concept, validators push IncomingTXs only for finalized blocks (6-10 confirmations) Settlement - Create settlement of processing and data to both MultiversX and Bitcoin - Use an optimistic rollup with fraud proofs. In case of fraud, first slash staked Bitcoin, then staked EGLD. - The 2WP MPC wallet is controlled by SovereignChain validators, similar to the native cross-chain operation module towards MultiversX mainchain. Outgoing Operations - Deploy a Bitcoin Outgoing bridge SC: Create an outgoing miniblock UTXO data, signed by each node with their multiSig share. - Use a multiSig generator algorithm to create a new multiSig at the end of each epoch for the new set of validators. - Post the resulting full TX on the Bitcoin chain. Let’s bring WASM to #Bitcoin. The best fit, most sovereign, verifiable at home, verifiable and executable on any device. SpaceVM is the fastest WASM VM for the #blockchain industry. You can build whatever, whenever, however you want.

Hey Cantina Fam! 🙉 As you may know, there will be 2 ways to join the Open Beta on Monday: 🔶 hold Genesis Space Ape NFT 🔶 hold/stake 100 $CRT tokens In this post, we'll share more details so you can be better prepared when the Open Beta goes live! blog.cantinaroyale.io/how-to…

#Bitcoin very is slow ⏳ #Ethereum gas fees are too high 💵 #Solana network gets congested and transactions are getting failed ‼️ What's the solution ?

We’ve updated our list of digital assets under consideration for 2022. See what's new, and learn more about what this means: gryscl.co/3FZxLJE $ALGO $AR $ATOM $AXS $BORA $BTT $CVX $DCR $EGLD $ENJ $FTM $GALA $GEL $HNT $HOT $IOTA $ROSE $SCRT $SAND $SPELL $STX $VET $YGG

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Achieving truly decentralized finance – power to the people – is a noble & important goal. Layer count depends on projected bandwidth & compute, both rising rapidly, which means single layer network can carry all human transactions in future imo. For now, Lightning is needed.

1/ Let there be a fundamental principle we call Ben's scaling law: Any sufficiently advanced and scalable system — whether in nature, society, or computation — must by necessity, be sharded. Conversely, any non-sharded system is bound to break down and fade into irrelevance.🧵

Fun fact, @MultiversX is the most stable, reliable & scalable #blockchain in the world. #MultiversX

I see you #ElrondNetwork #Untold #EGLD @ElrondNetwork 😁⚡

🔥 Un deal est possible entre @elonmusk et @MultiversX ??? 🤯 Pensez en ce que vous voulez mais regardez cette vidéo d'abord 😏 ⬇️ piped.video/watch?v=xr1UYVSJ…

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