Bitcoin's 2024 Revolution: L2s & Beyond | Eric Wall
Bankless
Navigating BitVM: Challenges in Bitcoin Scalability
This chapter explores the complexities of implementing BitVM, a virtual machine for Bitcoin designed to optimize transaction processing. It discusses the hurdles in communication between operators and verifiers, the operational challenges of capital management during withdrawals, and the broader impacts on liquidity within the Bitcoin ecosystem. Additionally, the chapter highlights the significance of enhancing Bitcoin's scalability and privacy through innovative solutions amidst ongoing liquidity constraints.
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