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Author: Admin | 2025-04-27
Through compressing programs which are then verified in BTC transactions to prevent nefarious use.The proposed design of the hybrid network would use Bitcoin as an anchor chain, with Ethereum and other layer 1s verifying that BOB has finalized on Bitcoin before accepting withdrawals. This would be practical because of Bitcoin's inherent security and also its simplicity, according to BOB.In essence, it's far easier for other networks to verify Bitcoin than it is to develop a bridge that both Bitcoin and another layer 1 can verify.(BOB) Users would be able to deposit and withdraw BTC to and from BOB as long as there is at least one honest node to perform a dispute, according to the paper.This paradigm is then used to create a trust-minimized bridge to Ethereum, secured by Bitcoin. BOB would perform the function of both bundling transactions carried out on other Ethereum and its layer 2s and also verifying their correctness on Bitcoin."This design can be extended to the majority of layer-one chains that have smart contacts," according to the paper.Read More: DeFi Lender Sky Ratifies Plan to Offboard Wrapped Bitcoin, Due to Sun ConcernsJamie CrawleyJamie joined CoinDesk as a news reporter in February 2021 after writing widely about crypto and blockchain for two years in other roles. Away from crypto, Jamie runs a lot and loves all things sport. He holds small amounts of BTC, ETH, ADA and LTC.X icon
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