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Inside BitVM2’s “Unhappy Path”: A Two-Part Analysis
GOAT Network published a two-part technical thread dissecting BitVM2’s “unhappy path,” focusing on dispute mechanics, incentives, and real-world deployability.
Engineering The Unhappy Path: Understanding BitVM2 Architecture
Part One: Security Lives in the Dispute Path
A Bitcoin L2 lives or dies on its unhappy path.
On Bitcoin, you don’t get “run the verifier on-chain and move on”. You get a constrained execution environment,… pic.twitter.com/VR1pbs3Pal
Engineering The Unhappy Path: Understanding BitVM2 Architecture
Part Two: BitVM2’s Practical Blockers
BitVM2 is a strong bridge framework, but "works in theory" isn’t the bar on Bitcoin. The bar is whether the unhappy path is cheap, unambiguous, and incentive-compatible.