Singapore, 16th May 2024, ZEX PR WIRE, Bitcoin came into existence to overcome the fundamental flaws in the trust-based architecture and create an ecosystem based on cryptographic proof. Although Bitcoin’s ethos emphasizes its use cases as a peer-to-peer commodity for a trustless ecosystem, it lacks programmability — limiting its adoption for decentralized financial utilities. Ethereum, on the other hand, boosted the adoption with on-chain programmability enabling a trustless ecosystem.

Post Bitcoin’s Taproot upgrade, the ecosystem has seen significant development around the Bitcoin L2’s — providing a scalable and cost-efficient channel for developers and users to engage without paying high gas fees, and allowing to tap into high liquidity. This solidifies the notion that BTCFi isn’t just a fluke, but can truly drive adoption.

Even though Bitcoin L2 fixes the programmability problem, enabling a trustless setup and smooth flow of liquidity — security and adoption remains a major concern.

Introducing LayerEdge, a Programmability Layer inheriting Bitcoin’s native security for network operations, allowing for faster and cheaper network operations with Optimistic Rollups while providing an EVM friendly developer environment — amplifying the use of Bitcoin’s native assets like conventional commodities.

With LayerEdge, unlock the true potential while still being aligned to Bitcoin’s ethos of a secure and trustless financial system.

Head to the Origin — LayerEdge

LayerEdge, a Programmability Layer for the Bitcoin Ecosystem enables faster and cheaper network operations while leveraging Bitcoin’s native security — amplying DeFi applications for Bitcoin native across a wider network with EVM compatibility. To top it off, our Hybrid Modular DA enables native verification of data on the Bitcoin network.

With LayerEdge, reimagine the Bitcoin ecosystem with boosted utilities, native security, and programmability.

Natively Secure

LayerEdge leverages Bitcoin’s native infrastructure and bundles the transaction on top of it, providing one of the most secure systems. Presently, POS chains rely on developing their own validators internally. While on the other hand, LayerEdge acts as an execution layer, utilizing Bitcoin for settlement.

Near-Zero Gas Fees

LayerEdge utilizes optimistic rollup, enabling us to operate the network even with just one honest validator. This approach enables LayerEdge to achieve nearly zero gas fees, all while maintaining security level similar to Bitcoin’s Native Security.

Programmability — EVM Compatible

With EVM compatible, LayerEdge offers programmability and smooth user experience to boost developer adoption — allowing projects to tap into liquidity and enable utility for Bitcoin’s Native Assets.

LayerEdge deBridge — Trust-minimised Bridge for Bitcoin & Inscriptions

LayerEdge’s deBridge allows users to bridge their native assets from Bitcoin to LayerEdge ecosystem securely without having the funds to be stored with any single entity.

This opens up a utility layer for vaster adoption of Bitcoin’s Native Assets and Inscriptions like Runes — enabling yield generation and use case across the DeFi ecosystem.

Under the hood

LayerEdge employs a federated multi-party computation (MPC) approach to manage the key used for validating bridging requests, ensuring no single entity controls the critical signing key. The MPC key is generated through a secure ceremony involving multiple relayer agents, with the key never assembled entirely in one place, preventing single points of failure.

Rather than relying on multi-sig or other traditional methods, LayerEdge’s relayers participate in the MPC ceremony for each bridging event, enabling distributed computation on secret inputs without revealing outputs. LayerEdge’s federated MPC system distributes control of the signing key, bolstering the integrity of the bridge and providing a secure foundation for cross-chain transactions and data transfers.

LayerEdge’s Hybrid Modular DA

Bitcoin is inherently designed to carry out transactions, not for data storage. Attempting to use Bitcoin as a DA solution would lead to high fees and slower confirmation times due to limited block space. This approach is impractical for rollups and creates a bottleneck in delivering a satisfactory user experience.

Thus, the necessity arises for a DA capable of interfacing with Bitcoin, and existing DAs meet this need — saving time and effort. LayerEdge enables integration with these DAs, establishing a connectivity layer with the Bitcoin network.

With LayerEdge’s Hybrid Modular DA, any existing DA can function as a Bitcoin DA, enabling modularity. This means that any Bitcoin Layer 2 rollup network can then utilize Bitcoin’s security features.

Under the hood

The Hybrid DA stores block data on existing Data Availability (DA) Layers and posts its state proof on Bitcoin. This functions as a reliable verification mechanism, as the state proof acts as a cryptographic commitment to the entire block data.

By posting the state proof to Bitcoin, the robust security and decentralization of Bitcoin can be leveraged to provide a trustless means of verifying the integrity of the data stored on the DA Layer.

LayerEdge’s Hybrid DA Layer approach significantly reduces block time and increases finality. While Bitcoin has a 10-minute block time, layerEdge’s Hybrid DA aims for a 12–20 second block time — making it 100x faster. This rapid finality provides –

1) Efficiency: Faster block times allow the network to process transactions and execute smart contracts more efficiently, improving the overall user experience.

2) Responsiveness: The quick finality enables more responsive and interactive applications to be built on top of the blockchain, as users don’t have to wait as long for their transactions to be confirmed.

3) Scalability: The faster block times help alleviate some of the scalability challenges faced by Bitcoin, as more transactions can be processed per unit of time.

Future of BTCFi with LayerEdge

The Origin

The Origin stage will focus on deploying LayerEdge’s EVM-compatible Testnet, along with the Testnet EVM Bridge and LayerEdge’s Hybrid Modular DA Testnet.

The Block

The Block stage will focus on deployment and mainnet launch, introducing the Hybrid Modular DA and native Bridge. This allows users to bridge their native assets from Bitcoin, EVM, and various non-EVM ecosystems.

LayerEdge is also building in collaboration, an MPC-based bridge for Bitcoin — enabling a secure and seamless bridge for native assets like BTC, Inscriptions, BRC20, Runes, and more with multiple trusted Relayers, with MPC key not being generated at entirety at any single place, with recognized various third-party audits.

The Sequencer

The Sequencer upgrade will facilitate final settlement on the Bitcoin network by migrating sequencers to the Bitcoin network. While more details and updates await, and will be revealed with future announcements.

Conclusion

LayerEdge marks the inception of a hyper-secure and one of the most efficient infrastructures for Bitcoin leveraging optimistic stack and hybrid modular DA approach — enabling trustless verification and rapid transaction finality.

Website | Documentation | Testnet Explorer | Twitter | Medium | Discord | Telegram

Miami Charity Celebrates 10 Years of Local and Global Grantmaking

as It Welcomes Submissions Beginning Today

Source :www.eyesonyourmission.org

This article was originally published by IssueWire. Read the original article here.

COMTEX_452447726/2777/2024-05-16T03:13:55

Grand Blanc, MI, 16th May 2024, ZEX PR WIRE, The Cadia Coin project team is excited to announce the launch of their new project. This new ecosystem proposes a seamless crypto trading platform backed by innovative features and a wide roadmap. 

With EVM compatibility, Cadia Coin offers new benefits for users seeking to get the best out of Web3 tech.

Pioneering Features

Cadia Coin boasts multiple groundbreaking features that set it apart from other digital currencies. Its notable scalability allows seamless trading and investment on the EVM chain. This enhances liquidity and offers new opportunities for growing investments.

Minimal transaction fees make Cadia Coin affordable for users with low capital. This increases market accessibility and inclusivity, empowering more individuals to benefit from Web3. 

With a focus on stability, Cadia Coin provides a secure platform. Users can store savings in digital currency without fear of devaluation or volatility. 

The rewards program incentivizes token holders to support the Cadia ecosystem’s growth and development. This strategy enhances tokenomics and creates sustainable value.

Additionally, Cadia Coin offers lifetime free transactions. Users can engage in perpetual trading without worrying about transaction fees. This feature promotes seamless trading and encourages a new perspective on how crypto works.

Charting the Future

The project’s roadmap began back in 2021 with a focus on concept development. This included adding EVM support and establishing SubQuery Academy to educate developers on building with SubQuery’s tools.

The following year, in 2022, the team shifted their focus towards researching and building the platform. This included launching the SubQuery Builders/Grants Program, developing an MVP for the SQT Network contract internally, and more.

In 2023, the project moved onto its beta testing phase with the launch of the App Beta Test. This was followed by the public testnet launch, which allowed for more widespread testing and user feedback. The team also released the SubQuery Network Explorer and dApp and implemented point-in-time indexing for more efficient data management.

In 2024, the project enters an ongoing phase with several planned developments. These include, among other milestones:

• Conducting a Token Test to generate SQT token
• Launching a publicly incentivized testnet for further testing and improvements
• Gathering data traffic insights through reporting tools. 

The team also plans to conduct an Alpha Test and officially launch the SubQuery Foundation. With the planned mainnet launch and CEX launch, the project’s future looks even brighter. 

The Upcoming Presale Event

A special event will feature a presale step before the public sale. Users will be able to buy tokens directly from the project’s website. 

First of all, a user will have to whitelist by providing or signing up via wallet. Then he/she can buy tokens during the presale period with a 30% discount. The presale will last at least two weeks, starting May 20th. 

The official (Public) cost for each Cadi will be around 0.02 USDT. Some referral programs will also be available in this phase, with a total of 5 tiers, depending upon how much Cadi the referred person will buy. 

Moreover, investors will get exclusive features from the website like:

• Viewing their available tokens
• Their limits on Cadi in the presale
• And much more to come.   

About Cadia Coin

Cadia Coin is a new project presenting an innovative digital currency trading platform. Its EVM compatibility offers unparalleled benefits for crypto enthusiasts. 

Cadia Coin has an innovative plan for crypto investors and enthusiasts. It is a scalable and low-transaction system for everyone. With lifetime free transactions, users can enjoy perpetual trading without worrying about fees adding up over time.

It is possible to learn more about the project’s development and upcoming milestones by checking out its website. The project’s social pages below also regularly post updates and news. 

X (Twitter) | Telegram | Facebook | Instagram