On May 27th, Bitlayer, a project based on the Bitcoin ecosystem BitVM technology, announced a strategic cooperation with three Bitcoin mining pools, Antpool, F2Pool and SpiderPool, which account for nearly 40% of the global total computing power. As a BTC bridge solution based on the latest paradigm of BitVM, the challenge path of BitVM Bridge adopts non-standard transactions (NST, Non-Standard Transaction). Bitcoin consensus accepts NST, but the default policy of the Bitcoin client side transaction pool does not support it. After this cooperation is reached, the Bitlayer cooperative mining pool will provide an API interface that can receive NST and ensure that NST is confirmed on the chain. Therefore, anyone can challenge suspicious withdrawal requests by submitting NST to the interface of the cooperative mining pool to ensure the safety of BitVM Bridge funds. At the same time, partner mining pools can also generate potential fee revenue from NST services. As the first BitVM-based BTCFi infrastructure, BitVM Bridge has now partnered with seven major public blockchains and agreements, including Sui, Base, Starknet, Arbitrum, Sonic SVM, Plume Network, and Sundial, to jointly implement the BitVM Bridge multi-chain ecosystem deployment and integration, and plans to expand to more ecosystems in the future. According to official news, BitVM Bridge has now entered the final testing stage and is expected to launch the mainnet in the near future.
Web3 Desktop Trading Tool
Stay ahead of the game in the cryptocurrency space.