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SatoshiVM is a decentralized Bitcoin ZK Rollup Layer2 solution compatible with the Ethereum Virtual Machine (EVM) ecosystem, using native BTC as gas. SatoshiVM bridges the EVM ecosystem with Bitcoin, enabling the Bitcoin ecosystem to issue assets and develop applications.
We have improved a method that can verify the correct execution of arbitrary functions on Bitcoin, making it more suitable for Layer2 block validation. Verification System of SatoshiVM is a system that can ensure the accurate execution of Layer2 blocks on Bitcoin. This system does not require any modifications to Bitcoin itself. It is capable of confirming whether a series of Layer2 blocks are executed correctly on Bitcoin without any changes to the existing infrastructure. This allows Bitcoin to serve as a settlement layer for Layer2, enhancing the security of Bitcoin Layer2 transactions.
The system leverages the features of Taproot, which enables the representation of the execution process of a set of complex functions through a single hash. By fully executing the ZK proof process off-chain for a block and verifying the proof on Bitcoin through Taproot, the system ensures the validation of blocks. Additionally, when the block miner on Layer2 sends each block validation transaction, they also submit the hash of the corresponding block data and proof data to Bitcoin. Subsequently, anyone can use relevant hash submitted to Bitcoin to obtain comprehensive data from a specific DA layer for third-party verification of Layer2 blocks.
What is SatoshiVM?
SatoshiVM (SAVM) stands out as a decentralized Bitcoin ZK Rollup Layer2 solution, bridging the gap between Bitcoin and the Ethereum Virtual Machine (EVM) ecosystem. Utilizing native BTC as gas, SatoshiVM empowers the Bitcoin ecosystem to issue assets and develop applications without altering the underlying Bitcoin protocol. This innovative approach leverages zero-knowledge proofs (ZK Rollups) and Taproot integration to enhance both efficiency and security.
The verification system of SatoshiVM ensures the accurate execution of Layer2 blocks on Bitcoin. This system does not necessitate any modifications to Bitcoin itself, making it a seamless addition to the existing infrastructure. By confirming the correct execution of arbitrary functions on Bitcoin, SatoshiVM enhances the security of Layer2 transactions, allowing Bitcoin to serve as a robust settlement layer.
Taproot plays a crucial role in this process by enabling the representation of complex functions through a single hash. The ZK proof process is executed off-chain, and the proof is verified on Bitcoin via Taproot. When a block miner on Layer2 sends each block validation transaction, they also submit the hash of the corresponding block data and proof data to Bitcoin. This allows anyone to use the relevant hash to obtain comprehensive data from a specific data availability (DA) layer for third-party verification of Layer2 blocks.
What is the technology behind SatoshiVM?
SatoshiVM (SAVM) represents a sophisticated blend of blockchain technologies, merging the robust security of Bitcoin with the versatile capabilities of the Ethereum Virtual Machine (EVM). At its core, SatoshiVM operates as a decentralized Bitcoin ZK Rollup Layer2 solution. This means it leverages Zero-Knowledge (ZK) Rollups, a technology that enhances scalability by bundling multiple transactions into a single batch, which is then processed off-chain. This batch is subsequently verified on-chain, ensuring the integrity and security of the transactions without overburdening the main Bitcoin blockchain.
The integration with the EVM ecosystem allows SatoshiVM to support smart contracts and decentralized applications (dApps) that are typically associated with Ethereum. This compatibility is crucial as it bridges the gap between Bitcoin and Ethereum, enabling developers to create and deploy applications that benefit from the security of Bitcoin while utilizing the flexible programming environment of Ethereum.
One of the standout features of SatoshiVM is its use of native BTC as gas. In blockchain terminology, "gas" refers to the computational effort required to execute operations, such as transactions or smart contracts. By using BTC for this purpose, SatoshiVM ensures that the transaction fees remain within the Bitcoin ecosystem, fostering a more integrated and efficient use of resources.
To prevent attacks from bad actors, SatoshiVM employs a verification system that ensures the accurate execution of Layer2 blocks on Bitcoin. This system leverages Taproot, a Bitcoin upgrade that enhances privacy and efficiency. Taproot allows the representation of complex functions through a single hash, simplifying the verification process. When a block is mined on Layer2, the miner submits the hash of the block data and proof data to Bitcoin. This hash can then be used by anyone to retrieve comprehensive data from a specific Data Availability (DA) layer, enabling third-party verification of the blocks.
The ZK proof process is executed off-chain, which means that the computationally intensive task of generating proofs is handled outside the main Bitcoin blockchain. Once the proof is generated, it is verified on-chain through Taproot. This approach not only maintains the security of the Bitcoin network but also significantly enhances its scalability by reducing the load on the main chain.
In addition to these technical aspects, SatoshiVM's architecture allows Bitcoin to serve as a settlement layer for Layer2 transactions. This means that while the bulk of transaction processing occurs off-chain, the final settlement and validation are anchored to the Bitcoin blockchain. This dual-layer approach combines the best of both worlds: the security and immutability of Bitcoin with the scalability and flexibility of Layer2 solutions.
By enabling the Bitcoin ecosystem to issue assets and develop applications, SatoshiVM opens up new possibilities for innovation. Developers can create a wide range of financial instruments, from simple tokens to complex decentralized finance (DeFi) applications, all while leveraging the security of Bitcoin. This capability is particularly important as it allows Bitcoin to expand its use cases beyond a store of value, positioning it as a versatile platform for various blockchain applications.
The technology behind SatoshiVM also ensures that no modifications to Bitcoin itself are required. This is a significant advantage as it maintains the integrity and stability of the Bitcoin network while introducing new functionalities through Layer2 solutions. By confirming the correct execution of arbitrary functions on Bitcoin, SatoshiVM enhances the overall security and reliability of Layer2 block validation.
In essence, SatoshiVM represents a convergence of advanced blockchain technologies, offering a scalable, secure, and versatile platform that bridges Bitcoin and the EVM ecosystem.
What are the real-world applications of SatoshiVM?
SatoshiVM (SAVM) is a virtual machine designed to execute smart contracts and decentralized applications on blockchain networks, similar to Ethereum's virtual machines. Its real-world applications are diverse and impactful, particularly in enhancing the efficiency, scalability, and interoperability of decentralized platforms.
One of the primary applications of SatoshiVM is fortifying Layer-2 block verification. This involves using Bitcoin as a secure settlement layer for Layer-2 transactions, ensuring that these transactions are validated correctly without requiring any modifications to Bitcoin itself. By leveraging the features of Taproot, SatoshiVM can represent the execution process of complex functions through a single hash, which enhances the security and efficiency of transaction validation.
Another significant application is the use of off-chain zero-knowledge proof processes. By executing the ZK proof process off-chain and verifying the proof on Bitcoin through Taproot, SatoshiVM ensures the accurate execution of Layer-2 blocks. This method not only enhances security but also improves the scalability of the blockchain network by reducing the computational load on the main Bitcoin chain.
SatoshiVM also addresses the issue of transaction reordering by the sequencer. By submitting the hash of the corresponding block data and proof data to Bitcoin, the system allows anyone to use the relevant hash to obtain comprehensive data from a specific data availability (DA) layer. This enables third-party verification of Layer-2 blocks, preventing any potential manipulation of transaction order.
Additionally, SatoshiVM bridges the Ethereum Virtual Machine (EVM) ecosystem with Bitcoin, enabling the Bitcoin ecosystem to issue assets and develop applications. This interoperability allows developers to create decentralized applications (dApps) that can operate seamlessly across both Bitcoin and Ethereum networks, leveraging the strengths of both ecosystems.
In essence, SatoshiVM enhances the overall functionality and security of blockchain networks by providing a robust framework for executing smart contracts and decentralized applications, while ensuring the integrity and efficiency of Layer-2 transactions.
What key events have there been for SatoshiVM?
SatoshiVM (SAVM) stands out as a decentralized Bitcoin ZK Rollup Layer2 solution, bridging the Ethereum Virtual Machine (EVM) ecosystem with Bitcoin. This innovative approach uses native BTC as gas, enabling the Bitcoin ecosystem to issue assets and develop applications.
In 2021, SatoshiVM introduced a verification system designed to ensure the accurate execution of Layer2 blocks on Bitcoin. This system operates without requiring any modifications to Bitcoin itself, confirming whether a series of Layer2 blocks are executed correctly on Bitcoin. This development allowed Bitcoin to serve as a secure settlement layer for Layer2 transactions, enhancing the security of Bitcoin Layer2 transactions.
The integration of Taproot in 2021 was another significant milestone. Taproot enables the representation of the execution process of a set of complex functions through a single hash. By fully executing the zero-knowledge (ZK) proof process off-chain for a block and verifying the proof on Bitcoin through Taproot, the system ensures the validation of blocks. This integration was pivotal in enhancing the security and efficiency of the SatoshiVM platform.
In 2022, SatoshiVM further advanced its technology by integrating SVMZK to prevent transaction reordering. This integration was crucial in maintaining the integrity and order of transactions within the SatoshiVM ecosystem, ensuring that transactions are processed in the correct sequence and preventing any potential manipulation.
Additionally, SatoshiVM has been positioned as a secure settlement layer for Layer2 transactions. This positioning underscores the platform's commitment to providing a robust and secure environment for Layer2 transactions, leveraging the inherent security features of Bitcoin.
The development of a verification system for Layer2 block validation was another key event. This system ensures the accurate execution of Layer2 blocks on Bitcoin, further solidifying SatoshiVM's role as a secure settlement layer for Layer2 transactions. This development was instrumental in enhancing the security and reliability of the SatoshiVM platform.
The integration of off-chain zero-knowledge proof technology was another significant milestone. This technology allows for the validation of blocks through the execution of the ZK proof process off-chain, ensuring the security and efficiency of the SatoshiVM platform. This integration was crucial in enhancing the overall performance and security of the SatoshiVM ecosystem.
These key events highlight the significant advancements and innovations that have shaped SatoshiVM, positioning it as a leading solution in the blockchain and cryptocurrency space.
Who are the founders of SatoshiVM?
SatoshiVM (SAVM) is a decentralized Bitcoin ZK Rollup Layer 2 solution compatible with the Ethereum Virtual Machine (EVM) ecosystem, using native BTC as gas. The founders of SatoshiVM are MacnBTC and their team, who are actively developing the project and addressing any controversies. The project has a roadmap for future developments and recently launched its native token, $SAVM, on the Bounce Launchpad. SatoshiVM bridges the EVM ecosystem with Bitcoin, enabling the issuance of assets and development of applications on Bitcoin without modifying its infrastructure.
The live SatoshiVM price today is $0.579795 USD with a 24-hour trading volume of $477,012 USD. We update our SAVM to USD price in real-time. SatoshiVM is down 6.96% in the last 24 hours. The current CoinMarketCap ranking is #3149, with a live market cap of not available. The circulating supply is not available and a max. supply of 21,000,000 SAVM coins.