LayerEdge: Revolutionizing Bitcoin with the Network of the Future
Part 1: Overview of the LayerEdge Project
*LayerEdge is a project aimed at expanding the capabilities of the Bitcoin ecosystem through innovative scaling and security solutions. Founded in 2024 by a team with experience from companies like Samsung, Gnosis, and Goldman Sachs, LayerEdge offers unique solutions for Bitcoin developers and users.
Project Goals
Scalability: LayerEdge seeks to overcome Bitcoin's transaction throughput limitations by introducing the concept of "rollups" on Bitcoin.
Security: Utilizes BitVM to minimize trust in transaction verification.
Innovation: The project introduces ZK-proof aggregation for more efficient and cost-effective data verification on the Bitcoin blockchain.
Innovative Solutions
BitVM: Allows for complex computations outside of Bitcoin's main blockchain while ensuring security and verification at the Bitcoin level.
ZK-Proofs: LayerEdge offers zero-knowledge proof aggregation to reduce verification costs, making it accessible for almost any network or application.
Hybrid Modular Data System: Optimizes the use of Bitcoin block space, making transactions cheaper and faster.
Investors and Partnerships
The project has attracted investments from notable funds such as:
Blockchain Founders Fund
BreakOrbit
Normie Capital
Among LayerEdge's partners are:
Babylon Labs for providing Bitcoin Secured Network (BSN).
O3 Layer and Cluster Protocol for integration and expanding the application of LayerEdge technologies.
Ratings and Recognition
LayerEdge is ranked #7583 on the WeakRank platform, reflecting its potential in the cryptocurrency sphere.
Although specific market cap and price data are unavailable due to the absence of a public token, the project is actively developing and gaining popularity.
Part 2: Guide to Setting Up a Node for LayerEdge Testnet
To participate in testing and potentially receive future $EDGE tokens, users are encouraged to set up and run a node on the LayerEdge Testnet.
Phase 1: Installing a Browser Light Node
Steps:
Open the Website: Go to https://dashboard.layeredge.io
Invitation Code: Use the code vEVwOAbc for testnet access.
Wallet Connection: Connect an EVM-compatible wallet.
Node Launch:
Click on "Claim Reward" and then "Start Node".
Important: Your node must remain active for at least 12 hours a day to earn rewards.
Daily Login: Log in every 24 hours to restart the node and claim daily rewards.
Phase 2: Installing a System Node
Expected:
Start Date: January 28, 2025.
Detailed instructions for setting up a system node are not yet published. Keep an eye on official channels for updates.
Participating in Airdrop
Accumulating Points: Complete tasks and verifications to accumulate points, which can be converted into $EDGE tokens during future distribution.
Token Supply: The total supply is 1 billion tokens, with 9% allocated to the community without any lock-up period.
Community and Support
Telegram: t.me/layeredge
X: https://x.com/layeredge
Medium: https://blog.layeredge.io/
Whitepaper: https://github.com/Layer-Edge/Whitepaper
*This article provides a general overview of the LayerEdge project and a technical guide for running a node, making it useful for those interested in blockchain innovations as well as those looking to actively participate in the development of the Bitcoin ecosystem.
*LayerEdge is a project aimed at expanding the capabilities of the Bitcoin ecosystem through innovative scaling and security solutions. Founded in 2024 by a team with experience from companies like Samsung, Gnosis, and Goldman Sachs, LayerEdge offers unique solutions for Bitcoin developers and users.
Project Goals
Scalability: LayerEdge seeks to overcome Bitcoin's transaction throughput limitations by introducing the concept of "rollups" on Bitcoin.
Security: Utilizes BitVM to minimize trust in transaction verification.
Innovation: The project introduces ZK-proof aggregation for more efficient and cost-effective data verification on the Bitcoin blockchain.
Innovative Solutions
BitVM: Allows for complex computations outside of Bitcoin's main blockchain while ensuring security and verification at the Bitcoin level.
ZK-Proofs: LayerEdge offers zero-knowledge proof aggregation to reduce verification costs, making it accessible for almost any network or application.
Hybrid Modular Data System: Optimizes the use of Bitcoin block space, making transactions cheaper and faster.
Investors and Partnerships
The project has attracted investments from notable funds such as:
Blockchain Founders Fund
BreakOrbit
Normie Capital
Among LayerEdge's partners are:
Babylon Labs for providing Bitcoin Secured Network (BSN).
O3 Layer and Cluster Protocol for integration and expanding the application of LayerEdge technologies.
Ratings and Recognition
LayerEdge is ranked #7583 on the WeakRank platform, reflecting its potential in the cryptocurrency sphere.
Although specific market cap and price data are unavailable due to the absence of a public token, the project is actively developing and gaining popularity.
Part 2: Guide to Setting Up a Node for LayerEdge Testnet
To participate in testing and potentially receive future $EDGE tokens, users are encouraged to set up and run a node on the LayerEdge Testnet.
Phase 1: Installing a Browser Light Node
Steps:
Open the Website: Go to https://dashboard.layeredge.io
Invitation Code: Use the code vEVwOAbc for testnet access.
Wallet Connection: Connect an EVM-compatible wallet.
Node Launch:
Click on "Claim Reward" and then "Start Node".
Important: Your node must remain active for at least 12 hours a day to earn rewards.
Daily Login: Log in every 24 hours to restart the node and claim daily rewards.
Phase 2: Installing a System Node
Expected:
Start Date: January 28, 2025.
Detailed instructions for setting up a system node are not yet published. Keep an eye on official channels for updates.
Participating in Airdrop
Accumulating Points: Complete tasks and verifications to accumulate points, which can be converted into $EDGE tokens during future distribution.
Token Supply: The total supply is 1 billion tokens, with 9% allocated to the community without any lock-up period.
Community and Support
Telegram: t.me/layeredge
X: https://x.com/layeredge
Medium: https://blog.layeredge.io/
Whitepaper: https://github.com/Layer-Edge/Whitepaper
*This article provides a general overview of the LayerEdge project and a technical guide for running a node, making it useful for those interested in blockchain innovations as well as those looking to actively participate in the development of the Bitcoin ecosystem.