Computing on Bitcoin #05
September 20, 2024 - Week 38
A new week has gone by, and these are the most relevant articles on ZK, Disputable Computing, Web3 and more.
Take a look, and enjoy your reading!
The third article in the 'Optimizing Algorithms for Bitcoin Script' series by Martín Jonas from Fairgate Labs explains the BLAKE3 cryptographic hash function. Martín demonstrates how he used the Stack Tracker tool, introduced in the previous article, to optimize the on-chain implementation of BLAKE3, focusing on improving its efficiency within Bitcoin Script.
bitvmx.org/knowledge
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Optimizing Algorithms for Bitcoin Script (part 3)
After completing the first round of optimizations for SHA256 using the techniques described in the previous article, Now is needed a tool that would simplify the process of writing Bitcoin Scripts.
New Bitlayer article showcasing the Covenant Emulation Committee, which explores the use of covenants in Bitcoin without protocol changes. The highlights the importance of covenants for security and scalability, along with strategies for emulating their effects through transaction structuring.
arxiv.org
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Covenant Emulation Committee: Why and How
Until a soft fork enables Covenant on Bitcoin, an emulation scheme is needed. Currently, the most feasible solution seems to be the Committee Presign scheme, which has already been adopted by many projects, such as Bitlayer, BitVM, and Babylon.
A collaboration article between Zulu Network and Hivello that explores Decentralized Physical Infrastructure Networks (DePIN) and Bitcoin Layer 2 solutions, aiming to innovate DeFi and infrastructure with enhanced scalability and security.
arxiv.org
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Covenant Emulation Committee: Why and How
In the rapidly evolving landscape of blockchain technology, the convergence of decentralized physical infrastructure networks (DePin) and Bitcoin Layer 2 solutions presents a transformative opportunity.
That's a wrap for today's edition - short and seet. Hope you enjoyed it. Please recommend it and subscribe!
See you next Friday, let's keep building 🚀
Fairgate Team