BitLayerLabs and Stacks ecosystem are collaborating to explore innovative ways to build on the Bitcoin ecosystem using BitVM, a Bitcoin security-equivalent Layer 2. Stacks Working Group has allocated $500,000 for research in BitVM, with additional investments of $2M+ from the Stacks ecosystem to accelerate R&D. The collaboration aims to create more trust-minimized bridges to Bitcoin L2s.
Thrilled to announce our strategic partnership with @AutomataNetwork! Together, we're revolutionizing AVSs with TEEs for next-level security🔒, utility 🛠️, and privacy 🙈. Dive into the details on our blog: https://t.co/iUw0URGOMW https://t.co/915VnF1xnj
Entities in the Stacks ecosystem are investing $2M+ in BitVM research. BitVM can lead to more trust-minimized (1-of-n) bridges to Bitcoin L2s, and this new investment and job openings will help accelerate R&D for it. All work will be open-source.
Super excited to see what this group of folks from the Stacks ecosystem can come up with enabling BitVM to secure Bitcoin L2s. BitVM has a ton of potential for helping reduce trust assumptions, especially around bridging and its great that once again Stacks folks are helping… https://t.co/r21id6Qm5m
Can we build better Bitcoin layers with BitVM? 🟧 A new @Stacks Working Group with an initial allocation of $500,000 is going to find out! Plus, they'll be open-sourcing everything they learn for the broader Bitcoin ecosystem to benefit from. 🧵
We're thrilled to announce a strategic partnership with @BitLayerLabs - a Bitcoin security-equivalent Layer 2 based on BitVM. Together, we'll be exploring innovative ways to BUIDL on BTC ecosystem. Stay tuned for more from this collaboration! https://t.co/j4hWQfImzh