BEVM Unveils Taproot Consensus: Boosting Bitcoin’s Layer 2 with Ethereum Compatibility and Enhanced Security

May 27, 2024
BEVM Unveils Taproot Consensus: Boosting Bitcoin’s Layer 2 with Ethereum Compatibility and Enhanced Security
  • BEVM has introduced Taproot Consensus, a decentralized Bitcoin Layer 2 solution compatible with Ethereum.

  • The technical yellow paper outlines the use of native Bitcoin technologies such as MAST, Schnorr signatures, and Bitcoin SPV nodes.

  • Validators hold BTC private keys for Schnorr signatures, ensuring network trustworthiness.

  • The architecture includes components like Bitcoin SPV, Schnorr+MAST, and AURA+Grandpa for enhanced security and decentralization.

  • Taproot Consensus aims to enable Ethereum DApps to run on the Bitcoin network using BTC as gas, without modifying Layer 1.

  • This advancement offers increased scalability, security, and compatibility with Ethereum tools, distinguishing it from other Layer 2 projects like Mezo.

  • Users can find more information on BEVM's official website or Twitter.

Summary based on 8 sources


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