Bitcoin

<h2 id="header-0">Key Highlights:</h2><ul><li>Testnet launch for LayerEdge’s Hybrid Modular Data Availability (HMDA) protocol.</li><li>Bitcoin-based timestamping for enhanced blockchain security.</li><li>Cost-efficient solution, reducing traditional timestamping expenses.</li></ul><h2 id="header-1">LayerEdge Launches Testnet for Verifiable Timestamping Using Bitcoin</h2><p><a href="https://www.layeredge.io/en" rel="noopener noreferrer nofollow">LayerEdge</a> has introduced its testnet for the Hybrid Modular Data Availability (HMDA) protocol, a pioneering solution to enhance secure and verifiable timestamping capabilities on the Bitcoin blockchain. This launch represents a significant leap forward in bitcoin space, promising heightened security and operational efficiency for transactions across rollups &amp; PoS-based chains.</p><h3 id="advanced-hmda-protocol">Advanced HMDA Protocol</h3><p>LayerEdge’s HMDA protocol seamlessly integrates with leading blockchain frameworks and Data Availability (DA) layers, establishing Bitcoin as a source of truth. This innovative protocol addresses the critical necessity for reliable and secure timestamping using aggregated proofs, bringing down the cost of settling data on Bitcoin tenfold.</p><p>The protocol is designed as a modular extension with compatibility to multiple frameworks &amp; DA layers, enabling Bitcoin as a source of truth for rollups &amp; PoS-based chains to enhance integrity and security, opening up many conveniences such as quick unlinking, new zone launch, and transaction protection.</p><h3 id="technical-integrations">Technical Integrations</h3><p>LayerEdge has forged innovative technical integrations with prominent platforms, including Arbitrum Orbit Stack and Avail DA, with plans to expand its network further. These integrations underscore LayerEdge’s commitment to delivering robust, scalable timestamping solutions that bolster the security and efficiency of Pos-based chains and rollups.</p><h2 id="header-2">About LayerEdge</h2><p>LayerEdge HMDA is a modular timestamping protocol for settling data on Bitcoin via existing data availability solutions. The protocol is designed as a plugin that can be compatible with multiple frameworks &amp; DA layers, enabling Bitcoin as a source of truth for rollups &amp; PoS-based chains to enhance integrity and security, opening up many conveniences such as quick unlinking, new zone launch, and transaction protection.</p><p>Founded by Ayush Gupta, former Gnosis Tech Lead and Senior Engineer at Samsung R&amp;D. While at Samsung, Ayush wrote a SW to authenticate &amp; authorize access to various services that run on all Samsung smart devices.</p><p>For more information, please visit layeredge.io or contact info&#64;layeredge.io</p>

LayerEdge Launches Testnet for HMDA - Poised as the First Verification Layer on Bitcoin

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