April 14th BITVMX for ROOTSTOCK: What is the upgrade?
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source Development of smart contracts and distributed applications for blockchain layer platform 2 Bitcoin network. BITVMX is a big improvement of Bitcoin Smart Contracts, allowing multipurpose calculations in the default class without changing the consensus rules. The BITVMX developed on BITVM has a virtual CPU and checks the optimism theory and runs a complex program (for example, zero knowledge) by reducing the load of the blockchain (unless there is no dissatisfaction). The new point includes using a hash chain to check the execution tracking, connect the message with one signature, and increase the efficiency and security of the status through transactions. Rootstock’s upcoming SDK helps developers to build a secondary layer application (Rollup, Bridge, Oracle) directly in Bitcoin. BITVMX can open a more powerful smart contract to safely program and expand to Bitcoin.
What is the “super power” bit VMX of Bitcoin Smart Agreement?
Upgrading BITCOIN’s BITCOIN’s Bitvmx Bitvmx for Bitcoin’s Sidechain Rootstock will help Bitcoin to dance more games without touching the core protocol. Using a virtual CPU model, Bitvmx uses a CPU structure like RISC-V to support complex calculations such as Snark. Optimistic verification methods must be examined only if necessary and optimize performance and expansion capacity without causing risk to Bitcoin’s default class.
The special feature of BITVMX is the Challenge-Response Protocol, which uses a chain to check the much simpler steps than using the previous Mercyle Tree. This method makes it easier to breathe by building rollups and side chains in Bitcoin as well as more softer depression. In addition, ‘Attachment’, which has a disposable digital signature, allows various ‘cooperation’ and ‘communication’ transactions to ‘keep everything’ through the interaction of the blockchain. This ‘Cool’ design has opened the path of ‘flexible’ based system based on Bitcoin, such as Ether Leeum, but does not require a ‘machine’ in the Bitcoin script language.
ROOTSTOCK’s SDK promises to provide a tool to build a layer -2 solution such as distributed bridges, optimistic rollups and Oracle. Cooperation between Rootstock, Fairgate and INPUT OUTPUT (IO) is also preparing an infrastructure for future upgrades.
Does Bitvmx work inside “Machine”?
BITVMX serves as a virtual calculation environment, allowing you to run and verify complex programs in Bitcoin’s default classes with an optimistic verification model. Instead of running all calculations in the chain, Bitvmx assumes that the calculation is valid unless you challenge. If a dispute occurs, the tracking analysis and verification of the trace through the protocol protocol protocol.
The challenging protocol is the core of the efficiency and security of Bitvmx. If the program is insufficient in the chain, create an execution tracking for the stage of the calculated state -step of the calculated state. This trace is cut with a chain to verify a single step. If someone challenges effectiveness, the system performs binary search in the hash chain to determine a specific error. After that, the calculation step is executed and verified directly on Bitcoin without disclosing the entire trace or using the muffle tree as an earlier version.
To ensure safety communication between stakeholders, BITVMX introduces a mechanism that connects messages using one time number signature, such as Lamport or Winteritz. This allows you to sign a dictionary in the chain in advance, which can determine the decision and minimize the risk of manipulation during the Snark Verifiers or Cross-Chain Bridge.
What features can BITVMX users expect?
BITVMX expands the programming capacity of Bitcoin without changing the core consensus rules. This enables more complex smart contract logic that is difficult or unprecedented before Bitcoin.
One excellent feature is to verify non -knowledge evidence (ZKP) directly in Bitcoin. This is a breakthrough for high security applications such as rollups or anonymous ID systems. The developer can compile the ZK calibrator in a code compatible with BITVMX and check it in the chain. This opens the potential of security tools, safety voting mechanisms, distributed identification systems and extended roll -up layers -2.
BITVMX also supports the configuration of distributed legs and sidechain communication mechanisms. For example, Rootstock is developing “Union Bridge” to create a reliable bridge between Bitcoin and Sidechain. This bridge uses encryption and calculated evidence to ensure security and allow soft interactions between Bitcoin and other blockchains such as Cardano.
BITVMX also supports advanced distributed applications, such as the verification of complex financial contracts, distributed Oracle and Light Machine Learning. BITVMX expands the utility while maintaining its unique security model by changing Bitcoin from a safe digital currency to a powerful calculation platform.
In short: BITVMX is a real revolution in Bitcoin and converts it from a simple monetary system to a powerful calculation platform. In addition to maintaining Bitcoin’s unique security, BITVMX opens many new features, such as rollups, distributed bridges and ZKP applications. This is an interesting time to discover Bitcoin’s great potential in the world of Defi and Blockchain!
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