TLDR Crypto · INNOVATION & LAUNCHES
BITVM 2: PERMISSIONLESS VERIFICATION ON BITCOIN
Summary from the TLDR Crypto newsletter
BitVM 2 was recently launched and aims to enable any party to verify blockchain operations. In its original format, BitVM's validation process could only be done by previously identified verifiers, a limitation now overcome in BitVM 2. This opens the functionality to any party at runtime, increasing the trust and efficiency of the system. Despite these improvements, the protocol still needs a minimum of one honest operator to function properly.