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Decoding Merlin's Technology: How It Operates
Advanced

Decoding Merlin's Technology: How It Operates

Within the bustling realm of Bitcoin's Layer2 arena, Merlin stands out with its multi-billion dollar TVL, attracting considerable attention. Web3 enthusiast and founder Faust delves into Merlin Chain’s technical framework, offering an interpretation of its publicly disclosed documents and the thought process behind its protocol design. This analysis aims to provide readers with a clear understanding of Merlin's operational workflow and its security architecture.
4/29/2024, 6:10:48 AM
How to Solve the Oracle MEV (OEV) Problem by Using Market Mechanisms?
Intermediate

How to Solve the Oracle MEV (OEV) Problem by Using Market Mechanisms?

The existence of OEV has resulted in value redistribution among different stakeholders, and API3 claims to use an auction mechanism to make the OEV redistribution as reasonable as possible (allocated through market mechanisms), and try to bring faster and lower-cost price updates.
2/21/2024, 9:34:09 AM
Quickly pass RGB and RGB++ protocol design in a few minutes:plain instructions
Intermediate

Quickly pass RGB and RGB++ protocol design in a few minutes:plain instructions

RGB++ is a new asset trading protocol that combines the RGB protocol and a public chain that supports UTXO to achieve globally verifiable asset data storage. It sacrifices privacy but improves ease of use and is suitable for Defi scenarios. Users can directly operate RGB asset containers on UTXO chains such as CKB/Cardano in their Bitcoin accounts, or use the transaction folding function to reduce costs. However, it should be noted that isomorphic binding requires a public chain that supports the UTXO model.
4/16/2024, 3:03:18 PM
The Ingenious ZK Application: Tornado Cash
Beginner

The Ingenious ZK Application: Tornado Cash

This article introduces privacy projects represented by Tornado, which truly utilize the zero-knowledge property of the ZK-SNARK algorithm, while most projects under the ZK banner only use the succinctness of ZK-SNARK. Often, people confuse the difference between Validity Proof and ZK, and Tornado serves as an excellent example to understand the application of ZK.
2/28/2024, 5:44:01 AM
A Quick Rundown On The Design Of RGB And RGB++ Protocols In Layman's Terms.
Intermediate

A Quick Rundown On The Design Of RGB And RGB++ Protocols In Layman's Terms.

This article provides a brief explanation of the RGB and RGB++ protocols, aiming to help readers quickly understand the design and operation principles of these two special P2P asset protocols. The RGB protocol emphasizes users independently verifying the security and privacy of data, while RGB++ utilizes a third-party public chain to provide a verification layer, optimizing user experience. By comparing the similarities and differences between the two, the article explains how RGB++ improves transaction convenience through homomorphic bindings while maintaining a certain level of privacy.
4/13/2024, 2:52:47 PM
Recursive Inscriptions: The Cornerstone of BTC Lego Assemblies and Complex Logic Products
Intermediate

Recursive Inscriptions: The Cornerstone of BTC Lego Assemblies and Complex Logic Products

The article begins with the fundamental principles and technical details of Ordinals technology, analyzing its developmental trajectory and examining the importance and roles played by Segwit and Taproot upgrades. It then delves into the concept of recursive inscriptions, explaining their innovative uses through real-world cases.
12/17/2023, 4:09:28 AM
Former Arbitrum Tech Ambassador: Arbitrum's Component Structure (Part 2)
Beginner

Former Arbitrum Tech Ambassador: Arbitrum's Component Structure (Part 2)

This article provides a technical interpretation of Arbitrum One by Luo Benben (罗奔奔), former technical ambassador of Arbitrum and former co-founder of Goplus Security, a smart contract automation audit company.
2/27/2024, 2:47:54 AM
DA=Data Availability≠Historical Data Retrieval
Intermediate

DA=Data Availability≠Historical Data Retrieval

This article focuses on what exactly data availability is.
2/28/2024, 5:31:51 AM
Recursive Inscriptions: The Cornerstone of BTC Lego Combinations and Complex Logic Products
Intermediate

Recursive Inscriptions: The Cornerstone of BTC Lego Combinations and Complex Logic Products

Recursive inscriptions allow inscriptions to interact with each other, enabling new use cases. The generation of art, on-chain displays, and efficient storage has now become a reality. We can expect promising applications in art generation, chain games, metaverse, and more with the adoption of recursive inscriptions, as killer-level applications are believed to be brewing in the future.
3/19/2024, 5:39:49 PM
Enabling ZK in Bitcoin: From OP_CAT to State Proofs and BitVM
Advanced

Enabling ZK in Bitcoin: From OP_CAT to State Proofs and BitVM

Explore how zero-knowledge proofs (ZK) can be integrated into Bitcoin, focusing on two approaches for SNARK verification: enabling OP_CAT in Bitcoin scripts and leveraging BitVM. While OP_CAT would allow direct SNARK support within Bitcoin scripts, BitVM introduces fraud proofs and Chain State Proofs to lower verification costs.
8/16/2024, 11:12:57 AM
Decoding Cellula: A Gamified Asset Distribution Protocol
Advanced

Decoding Cellula: A Gamified Asset Distribution Protocol

Cellula is a gamified asset issuance protocol that uses virtual proof of work (vPOW) and the Conway Game of Life algorithm to simulate the POW mining process to distribute assets fairly. It allows the use of any Token as a reward, through players "cultivating" cells in a virtual environment, where the growth of the cells determines the mining power and rewards.
9/3/2024, 4:00:36 AM
What is Tezos, and why is it notable for its NFT development?
Beginner

What is Tezos, and why is it notable for its NFT development?

Introduce Tezos, a venerable Blockchain network, in clear, logical, and easy-to-understand language, using a storytelling writing style.
12/6/2022, 9:43:17 AM
Analysis of B^2 new version technical roadmap: The Necessity of Off-Chain DA and Verification Layers for Bitcoin
Beginner

Analysis of B^2 new version technical roadmap: The Necessity of Off-Chain DA and Verification Layers for Bitcoin

B^2 Network is a decentralized Data Availability (DA) and storage platform that addresses data compression and verification issues using an off-chain DA network. It aims to reduce dependence on the Bitcoin main network. The B^2 Hub functions as a DA layer and off-chain verification layer, similar to Celestia, to prevent data withholding and other malicious activities. In the future, B^2 Network plans to incorporate Bitcoin Layer2 to establish a universal DA layer and data storage layer within the Bitcoin ecosystem. The B^2 Hub node validates transaction batches, while storage nodes compete for block production rights to earn incentives. The workflow of B^2 Network involves the sequencer creating new blocks, the aggregator sending them to the Prover for ZK proof generation, and the B^2 Hub node verifying and transmitting the data hash to the Bitcoin chain. As a universal DA and verification layer, B^2 Hub has the potential to enhance other Bitcoin second-layer solutions.
3/24/2024, 6:51:31 PM
Approaching BTC: Background knowledge required to understand BitVM
Beginner

Approaching BTC: Background knowledge required to understand BitVM

This article delves into the background and core concepts of Bitcoin Layer 2 technologies, such as BitVM, to help readers understand these cutting-edge technologies and their applications, especially for those with a keen interest in the Bitcoin ecosystem.
7/11/2024, 2:59:48 PM
Understanding the First Inscription $RGBS on the Bitcoin Smart Contract Layer RGB Protocol
Beginner

Understanding the First Inscription $RGBS on the Bitcoin Smart Contract Layer RGB Protocol

The explosive popularity of Bitcoin inscriptions has ignited interest in inscriptions on popular EVM chains. However, I believe that while the EVM ecosystem inscriptions are merely a spillover effect of Bitcoin's inscriptions, the truly valuable assets will emerge within the Bitcoin ecosystem itself. The renowned Bitcoin smart contract layer, RGB, has introduced its first tradable inscription asset: $RGBS. Issued by the BitRGB platform, users can trade and purchase $RGBS directly on BitRGB. The most valuable assets will always emerge at the forefront of the industry, making BitRGB’s $RGBS an asset worthy of attention and research.
1/1/2024, 1:24:41 PM

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