Search content
Sort by

Showing 8 of 8 results by bit_boost
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Bitboost: An EVM co-processor to enable programmable assets on Bitcoin
by
bit_boost
on 12/01/2024, 13:55:38 UTC
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Bitboost: An EVM co-processor for Bitcoin mainnet
by
bit_boost
on 16/12/2023, 15:23:17 UTC
How can I participate?
Please wait for the upcoming testnet
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Bitboost: An EVM co-processor for Bitcoin mainnet
by
bit_boost
on 14/12/2023, 02:12:45 UTC
what's the security level of this design?
Since the storage of transactions is secured by Bitcoin and the execution is secured by indexers (client-side validation), the security level is equivalent to Bitcoin, the same as other Bitcoin on-chain asset protocols such as Ordinals.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Bitboost: An EVM co-processor for Bitcoin mainnet
by
bit_boost
on 05/12/2023, 14:41:04 UTC
telegram??twitter?how do join

I have updated the community links on this page https://docs.bitboost.org/resource/communities . Since I don't have too much time to deal with them, any third-party communities are welcome.
Post
Topic
Board Announcements (Altcoins)
Topic OP
[ANN] Bitboost: An EVM co-processor for Bitcoin mainnet
by
bit_boost
on 05/12/2023, 13:14:16 UTC
Whitepaper: https://docs.bitboost.org/

TL;DR
Bitboost proposes an EVM execution environment on Bitcoin. It uses Bitcoin as the sequencer and data availability layer for transactions and executes these transactions on an off-chain EVM indexer. It connects to Bitcoin through a PSBT-based decentralized trading pair between its native token and BTC. The entire protocol is trustless and has the same security level as Bitcoin.

It's a working project and please refer to the whitepaper for more details. If you have any questions about the project, please leave a comment and we will reply ASAP.
Post
Topic
Board Development & Technical Discussion
Re: Bitboost: An EVM co-processor for Bitcoin mainnet
by
bit_boost
on 05/12/2023, 13:01:40 UTC
It connects to Bitcoin through a PSBT-based decentralized trading pair between its native token and BTC.

It sounds good, but if you ask me, I think you should fix the price of the token so that it stays at a constant value. It does not have to be a dollar stablecoin but it is necessary to prevent people from throwing spam on the protocol to get it to rise or fall in price. It will in particular help avoid the pitfalls of Ordinals.

We appreciate receiving such suggestions. In fact, we have considered several ways to stabilize the token's price, even including using economic mechanisms similar to algorithmic stablecoins to create wBTC and wORDI on the co-processor. We call this as "Economic Bridge" and will provide more details on this page https://docs.bitboost.org/economic-bridge in the future.
Post
Topic
Board Development & Technical Discussion
Re: Bitboost: An EVM co-processor for Bitcoin mainnet
by
bit_boost
on 05/12/2023, 12:51:54 UTC
But does that mean 2 Bitcoin on-chain TX still needed by Bitboost?
Thank you for your question. We have updated some thoughts on reducing gas fees. Among them, it is proposed that when the co-processor transaction size is small, users can also choose OP_RETURN to store the transaction. See this page https://docs.bitboost.org/performance-improvements for more details.
Post
Topic
Board Development & Technical Discussion
Topic OP
Bitboost: An EVM co-processor for Bitcoin mainnet
by
bit_boost
on 05/12/2023, 03:52:05 UTC
Whitepaper: https://docs.bitboost.org/

TL;DR
Bitboost proposes an EVM execution environment on Bitcoin. It uses Bitcoin as the sequencer and data availability layer for transactions and executes these transactions on an off-chain EVM indexer. It connects to Bitcoin through a PSBT-based decentralized trading pair between its native token and BTC. The entire protocol is trustless and has the same security level as Bitcoin. 

It's a working project and please refer to the whitepaper for more details.