Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
SatoshiVM releases SVMZK toolkit, aiming to improve the efficiency of Bitcoin Layer 2 transaction verification

SatoshiVM releases SVMZK toolkit, aiming to improve the efficiency of Bitcoin Layer 2 transaction verification

CointimeCointime2024/01/26 04:37
By:Cointime

On January 26th, the Bitcoin Layer2 project SatoshiVM introduced its non-interactive zero-knowledge proof toolkit - SVMZK. SVMZK allows the prover to prove various relationships to the verifier, such as addition, subtraction, multiplication, division, or their comparisons, given commitments such as [a], [b], [c], etc.

To address the possibility of transaction order adjustments in Layer2 blocks, SatoshiVM introduced SVMZK to efficiently submit concise results to the Bitcoin network. Through the subtraction and comparison algorithms in SVMZK, the legitimacy of packed transactions in Layer2 blocks can be verified by comparing the number of transactions in the sequencer and verifier memory pools. SVMZK's features also prevent collusion between the prover and verifier.

As a key component of the entire framework, SatoshiVM has open-sourced the algorithm implementation details of SVMZK this time. However, the integration of SVMZK with Bitcoin Taproot is still under development, and this part of the code will be open-sourced at some point in the future.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Genius Group Ordered to Sell Bitcoin Holdings

Genius Group must sell 10 BTC due to a court order, slashing its crypto treasury and market cap significantly.Unexpected Setback for Genius GroupMarket Cap Falls Below Bitcoin ReservesConcerns About Stability and Transparency

Coinomedia2025/04/04 14:11
Genius Group Ordered to Sell Bitcoin Holdings

Ethereum Price Sees 4 Straight Red Months

Ethereum has closed four red months in a row, but long-term holders remain hopeful for a rebound.Ethereum’s Tough Streak ContinuesHope on the Horizon for Ethereum Holders

Coinomedia2025/04/04 14:11
Ethereum Price Sees 4 Straight Red Months

Nexchain Emerges as April’s Best ICO: A New Era for Blockchain

Nexchain is committed to facilitating interoperability from one blockchain to the next through artificial intelligence, allowing for cross-chain communication and operational efficienciesConclusion

Coinomedia2025/04/04 14:11
Nexchain Emerges as April’s Best ICO: A New Era for Blockchain

Bitcoin Volatility Expected as U.S. Jobs Report Looms

U.S. jobs data and Powell’s speech today could trigger major Bitcoin volatility. Here’s what to watch.What to Expect from Today’s Market MovesWhy Bitcoin Traders Are Watching Closely

Coinomedia2025/04/04 14:11
Bitcoin Volatility Expected as U.S. Jobs Report Looms