🚀 Bool Network Secures $2 Million in Seed Funding to Enhance Bitcoin Infrastructure
#BoolNetwork #Bitcoin #SeedFunding #DeFi #SelfCustody #Blockchain #Taproot #Stablecoins #CrossChain #Crypto
According to Foresight News, Bitcoin infrastructure provider Bool Network has successfully raised $2 million in a seed funding round. The investment was led by Antalpha Ventures, ViaBTC Capital, Spark Digital Capital, Cogitent Ventures, Web3port, Satoshi Lab, D11 Labs, and Sharding Capital.
Bool Network is focused on offering self-custody solutions for Bitcoin holders. By integrating its proprietary DHC technology with Taproot, Bool Network enables users to seamlessly engage in DeFi scenarios such as stablecoins, restaking, and cross-chain bridges within a self-custody environment. Since its launch, Bool Network has partnered with over 70 global entities, serving more than 1 million users. The testnet has recorded a cumulative transaction volume of 12 million transactions, while the total transaction volume on the mainnet has surpassed $300 million.#BoolNetwork #Bitcoin #SeedFunding #DeFi #SelfCustody #Blockchain #Taproot #Stablecoins #CrossChain #Crypto
🚀 UniSat Wallet Releases Version 1.5.0 With Full CAT20 Support
#UniSatWallet #Version150 #CAT20 #Taproot #NativeSegwit #CryptoWallet #AssetManagement
According to BlockBeats, UniSat Wallet has announced the release of its version 1.5.0 update on October 21. The latest update brings full support for CAT20, allowing users to transfer, store, and manage CAT20 assets directly within the UniSat Wallet. This functionality is available exclusively for Taproot and Native Segwit wallet addresses.#UniSatWallet #Version150 #CAT20 #Taproot #NativeSegwit #CryptoWallet #AssetManagement
🚀 Super Bitcoin White Paper Released By BEVM Team
#SuperBitcoin #Bitcoin #BEVM #LightningNetwork #Taproot #Blockchain #VirtualMachine #ConsensusSecurity #CryptoExpansion #WhitePaper #BTC
According to BlockBeats, on October 22, the Bitcoin ecosystem startup team BEVM (Bitcoin-Enhanced Virtual Machine) released the Super Bitcoin technical framework white paper. The white paper outlines plans to integrate Bitcoin's native technologies, such as the Lightning Network and Taproot Consensus, to create a value internet that shares Bitcoin's consensus security.
The white paper elaborates on the five-layer technical architecture of Super Bitcoin, emphasizing the use of a unique chain-like Lightning Network node. This approach allows Bitcoin to enter the expansion layer without cross-chain transactions and user self-custody. Through the BEVM-Stack, Bitcoin's consensus security is shared with the Lightning Chain, which supports various mainstream virtual machines. This enables unlimited expansion of Bitcoin while maintaining shared consensus security.
The BEVM team has been exploring Bitcoin technology for eight years. A few months ago, they completed a multi-million dollar funding round, including investments from Bitmain and other institutions, bringing their post-investment valuation to $200 million.#SuperBitcoin #Bitcoin #BEVM #LightningNetwork #Taproot #Blockchain #VirtualMachine #ConsensusSecurity #CryptoExpansion #WhitePaper #BTC
🚀 UniSat Launches CAT20 Trading Market on Fractal
#UniSat #CAT20 #Fractal #cryptocurrency #trading #UTXO #Segwit #Taproot #transactionfees #blockchain
According to Odaily, UniSat has announced on the X platform that the CAT20 trading market is now live on Fractal. The market allows for bulk buying and selling, with a maximum of three UTXOs per transaction. It also offers flexible order cancellations and compatibility with both Native Segwit and Taproot addresses. Transaction fees are settled in FB, with a service fee of 0.3%.#UniSat #CAT20 #Fractal #cryptocurrency #trading #UTXO #Segwit #Taproot #transactionfees #blockchain
🚀 Bitcoin Block Size Could Reach 4 MB With Widespread Inscriptions
#Bitcoin #BlockSize #Inscriptions #Scalability #Taproot #DeFi #Blockchain #NFTs #Layer2 #Celestia #MempoolResearch #BTC #SOL #TIA
According to Cointelegraph, the Bitcoin network's average block size could potentially increase to 4 megabytes (MB) per block with the widespread adoption of inscriptions. This projection comes from a report by Mempool Research dated February 4. Currently, Bitcoin's average block size is slightly above 1.5 MB. Inscriptions, a method for efficiently encoding arbitrary data within a block, could significantly boost this size if widely adopted.
The block size is a crucial factor in the scalability of the Bitcoin network. In comparison, the Solana blockchain can theoretically accommodate up to 128 MB per block, as noted by the Solana Foundation. Following Bitcoin's Taproot upgrade in 2021, some blocks have already stored up to 2.4 MB of data. The report suggests that each Bitcoin block could potentially hold as much as 4 MB.
The report outlines various growth scenarios for the Bitcoin blockchain, ranging from a return to pre-inscription dynamics, which would result in slower growth, to widespread inscription adoption, potentially driving growth to 4 MB per block. Under these scenarios, the blockchain could reach 1 terabyte as early as late 2026, though a timeframe between mid-2027 and 2029 seems more likely.
Bitcoin originated as a simple peer-to-peer payment protocol, but the Taproot upgrade has enabled the network to support more complex activities, such as creating and trading different types of tokens and minting non-fungible tokens (NFTs). This has revitalized Bitcoin's ecosystem, leading to the emergence of native decentralized exchanges and layer-2 scaling solutions.
Bitcoin-native decentralized finance (DeFi) is anticipated to be a major theme in 2025, as institutional adoption of Bitcoin accelerates and its DeFi ecosystem matures. However, Bitcoin faces competition from other networks that offer more block space, allowing for more complex transactions and potentially lower costs for users. In September, Celestia, a layer-1 network specializing in data availability, revealed a technical roadmap aiming to scale block size to 1 gigabyte.#Bitcoin #BlockSize #Inscriptions #Scalability #Taproot #DeFi #Blockchain #NFTs #Layer2 #Celestia #MempoolResearch #BTC #SOL #TIA
🚀 Bitcoin Developers Debate Removal of OP_Return Data Storage Limit
#Bitcoin #OP_Return #data_storage #blockchain #cryptocurrency #developers #proposal #PeterTodd #ChaincodeLabs #Taproot #MARA_Slipstream #debate #BTC
According to PANews, Bitcoin core developers are engaged in a heated debate over the proposal to remove the OP_Return data storage limit. The proposal, PR 32359, submitted by Peter Todd, suggests abolishing the current 83-byte data carrier output restriction. This proposal has theoretical support from Chaincode Labs developer Antoine Poinsot.
Developers argue that the existing limit has proven ineffective, as users continue to store non-financial data through various methods such as Taproot unspendable outputs and private miner memory pools like MARA Slipstream.
Proponents of the proposal believe the current restriction is ineffective and hinders legitimate use cases. Opponents, represented by Luke Dashjr, criticize the proposal as "completely insane," emphasizing the need to fix vulnerabilities rather than allowing "junk data attacks."
The debate is ongoing, with developers posting new comments hourly through email list threads and GitHub. Some express support with simple "concept ACK" comments, although comprehensive technical testing has yet to be conducted. Others oppose the proposal with "concept NACK" comments.#Bitcoin #OP_Return #data_storage #blockchain #cryptocurrency #developers #proposal #PeterTodd #ChaincodeLabs #Taproot #MARA_Slipstream #debate #BTC
🚀 Bitcoin Improvement Proposal Sparks Debate Over Unit Change
#Bitcoin #BitcoinImprovementProposal #BIP177 #satoshis #bits #cryptocurrency #blockchain #Taproot #JackDorsey #CoryKlippsten #SatoshiNakamoto #BTC
According to PANews, Bitcoin developer John Carvalho introduced Bitcoin Improvement Proposal 177 on April 23, aiming to replace satoshis as the fundamental unit of Bitcoin by dividing 21 million Bitcoins into 21 trillion units. This proposal follows a 2017 suggestion by developer Jimmy Song to create 'bits' as a representation of one-millionth of a Bitcoin, which Carvalho believes did not simplify the complexity.
Block CEO Jack Dorsey supports the change, expressing in a post on May 18 that satoshis, or sats, are confusing for newcomers. However, Swan Bitcoin CEO Cory Klippsten opposes the proposal, arguing that people can understand satoshis in Bitcoin just as they understand cents in dollars. Additionally, Bitcoin's creator, Satoshi Nakamoto, had previously indicated that the unit display method could be altered.
Since the Taproot upgrade in November 2021, no new improvement proposals have been implemented in the Bitcoin network.#Bitcoin #BitcoinImprovementProposal #BIP177 #satoshis #bits #cryptocurrency #blockchain #Taproot #JackDorsey #CoryKlippsten #SatoshiNakamoto #BTC
🚀 Bitcoin's Taproot Upgrade Sparks Debate Over Network Transactions
#Bitcoin #Taproot #Ordinals #BRC20 #OP_RETURN #Schnorr #ScriptPathsSpend #BitcoinCore #AdamBack #LukeDashjr #Leonidas #Runes #Onchain #TransactionFees #DuneAnalytics #BitcoinKnots #MiningSubsidy #SatoshiNakamoto #Privacy #Security #PeerToPeer #BTC
According to Cointelegraph, the Taproot upgrade, implemented by Bitcoin developers, has sparked controversy over its impact on the network. Bitcoin Core developer Jimmy Song criticized the upgrade for not considering the 'social attack surface' that allowed nonfinancial transactions, such as Ordinals and BRC-20s, to flood the network. Song expressed disappointment in a video, stating that Taproot failed to deliver on its promised privacy and security features. He highlighted the complexity of Schnorr signatures and Script Paths Spend features, which were expected to improve multisig efficiency but instead complicated the process.
Song's remarks come amid a growing divide among Bitcoin enthusiasts regarding transaction validation on the network. Some, like Adam Back and Luke Dashjr, advocate for Bitcoin to remain a peer-to-peer electronic cash system, as originally intended by Satoshi Nakamoto. Others, including Bitcoin Ordinals leader Leonidas, have embraced Taproot for creating applications like Ordinals and Runes, arguing against transaction censorship. In June, over 30 Bitcoin Core developers agreed to remove the 80-byte limit on the OP_RETURN function, allowing more data to be stored onchain. However, concerns about a potential reversal of this update have led some to consider using Bitcoin Knots instead.
Despite his criticisms, Song has not entirely dismissed the potential benefits of Taproot, suggesting it could still contribute to Bitcoin's development. Meanwhile, Leonidas argues that Ordinals and Runes have bolstered Bitcoin's security by generating over $500 million in transaction fees, addressing concerns about the network's decreasing mining block subsidy. However, reliance on these fees has been inconsistent, with daily fees from Ordinals inscription ranging from $3,060 to $537,400 in 2025, according to Dune Analytics data. The highest recorded fee was $9.99 million on December 16, 2023.#Bitcoin #Taproot #Ordinals #BRC20 #OP_RETURN #Schnorr #ScriptPathsSpend #BitcoinCore #AdamBack #LukeDashjr #Leonidas #Runes #Onchain #TransactionFees #DuneAnalytics #BitcoinKnots #MiningSubsidy #SatoshiNakamoto #Privacy #Security #PeerToPeer #BTC
🚀 Bitcoin Taproot Adoption Declines Amid Quantum Computing Concerns
#Bitcoin #Taproot #QuantumComputing #Blockchain #SegWit #Legacy #Cryptocurrency #WillyWoo #PANews #Glassnode #BitcoinTransactions #TechSecurity #BTC
According to PANews, on-chain analyst Willy Woo has highlighted a significant decrease in the adoption of Taproot output types in Bitcoin transactions. Data from Glassnode indicates that the proportion of transactions using Taproot has dropped from a peak of 42% in 2024 to approximately 20% currently. Woo noted this as the first instance of the latest output format losing traction among users, suggesting that the primary reason could be Taproot's higher exposure risk to quantum computing. In contrast, older formats like SegWit and Legacy are perceived to be less vulnerable to quantum attacks.
Last month, Willy Woo advised that Bitcoin should guard against the threat of quantum computing and recommended migrating to SegWit addresses as a precautionary measure.#Bitcoin #Taproot #QuantumComputing #Blockchain #SegWit #Legacy #Cryptocurrency #WillyWoo #PANews #Glassnode #BitcoinTransactions #TechSecurity #BTC
🚀 Bitcoin Developers Propose Pay-to-Merkle-Root to Mitigate Quantum Risks
#Bitcoin #P2MR #QuantumComputing #Taproot #BitcoinUpgrade #Privacy #TransactionSize #BitcoinDevelopment #Cryptocurrency #QuantumRisks #BTC
Bitcoin developers have introduced a new output type known as Pay-to-Merkle-Root (P2MR) to address potential long-term risks posed by quantum computing. According to NS3.AI, this new approach aims to eliminate the vulnerable key-path spend option found in Taproot. While P2MR increases transaction size and costs, and reduces privacy due to mandatory script-path reveals, it is designed as an optional upgrade. This proposal underscores Bitcoin's gradual and voluntary upgrade process, which is crucial for preparing against future quantum threats.#Bitcoin #P2MR #QuantumComputing #Taproot #BitcoinUpgrade #Privacy #TransactionSize #BitcoinDevelopment #Cryptocurrency #QuantumRisks #BTC
🚀 Bitcoin Developer Demonstrates Data Embedding in Transactions Amid BIP-110 Debate
#Bitcoin #Developer #DataEmbedding #Transactions #BIP110 #OP_RETURN #Taproot #Consensus #Spam #Centralization #UTXO #Governance #BitcoinChallenges #BTC
A Bitcoin developer has successfully embedded a 66KB image within a valid transaction, bypassing the use of OP_RETURN or Taproot. According to NS3.AI, this experiment highlights that data filtering merely redirects on-chain data rather than preventing it. This development comes amid ongoing discussions over BIP-110, a proposal that suggests implementing consensus-level limits on data-carrying transactions to mitigate spam. However, the proposal has sparked concerns about potential centralization and unintended UTXO bloat. The situation underscores a broader governance challenge for Bitcoin, as it seeks to balance data restriction, miner incentives, node costs, and decentralization.#Bitcoin #Developer #DataEmbedding #Transactions #BIP110 #OP_RETURN #Taproot #Consensus #Spam #Centralization #UTXO #Governance #BitcoinChallenges #BTC
🚀 Bitcoin Protocol Upgrades Enhance Scalability and Security
#Bitcoin #ProtocolUpgrades #SegWit #Taproot #Scalability #Security #SchnorrSignatures #MerkleTrees #Blockchain #Crypto #BTC
Segregated Witness (SegWit) and Taproot represent significant advancements in Bitcoin's protocol, addressing key limitations in transaction structure and scripting. According to NS3.AI, SegWit resolved transaction malleability issues, paving the way for scalable second-layer solutions. Meanwhile, Taproot enhanced script efficiency and privacy through the use of Schnorr signatures and Merkle trees. These upgrades collectively establish a crucial foundation for Bitcoin's scalability, security, and future enhancements.#Bitcoin #ProtocolUpgrades #SegWit #Taproot #Scalability #Security #SchnorrSignatures #MerkleTrees #Blockchain #Crypto #BTC
🚀 Bitcoin Layer-1 DeFi Stack SlowFi Launches with Low Swap Fees
#Bitcoin #DeFi #Layer1 #SlowFi #Taproot #Crypto #Blockchain #SwapFees #BTC #CryptoLaunch
OP_NET has introduced a new Bitcoin layer-1 DeFi stack named SlowFi, which claims that swaps generally cost between $1 to $2 under typical fee conditions. According to NS3.AI, the stack utilizes standard Bitcoin transactions, Taproot-based spends, and BTC as the sole gas asset, eliminating the need for bridges, wrapped assets, or a separate gas token. This launch contributes to the ongoing discussion about whether DeFi-style activities on Bitcoin enhance miner fees or displace monetary transactions.#Bitcoin #DeFi #Layer1 #SlowFi #Taproot #Crypto #Blockchain #SwapFees #BTC #CryptoLaunch
🚀 Google's Quantum AI Team Highlights Cryptography Vulnerability in Bitcoin and Ethereum
#Google #QuantumAI #Cryptography #Bitcoin #Ethereum #QuantumComputing #Taproot #Cybersecurity #Blockchain #CryptoSecurity #BTC #ETH
Google's Quantum AI team has released a new whitepaper indicating that breaking the cryptography used by Bitcoin and Ethereum may require fewer than 500,000 physical qubits, a figure significantly lower than the millions often cited in recent years. According to NS3.AI, Google researchers suggest that a prepared attacker could complete the final step in approximately nine minutes after a Bitcoin public key appears in a live transaction, compared to the roughly 10 minutes needed for confirmation.
The researchers also pointed out that Taproot, a Bitcoin upgrade, may increase exposure because it makes public keys visible by default. The paper estimates that approximately 6.9 million Bitcoin are stored in wallets with exposed public keys, potentially heightening vulnerability to quantum attacks.#Google #QuantumAI #Cryptography #Bitcoin #Ethereum #QuantumComputing #Taproot #Cybersecurity #Blockchain #CryptoSecurity #BTC #ETH
🚀 Bitcoin Wallet Rescue Tool Prototype Unveiled Amid Quantum Attack Concerns
#Bitcoin #QuantumComputing #Cybersecurity #Cryptocurrency #Blockchain #WalletRecovery #Taproot #TechInnovation #BTC
Lightning Labs CTO Olaoluwa Osuntokun has introduced a prototype for a Bitcoin wallet rescue tool. According to NS3.AI, the tool aims to assist Taproot wallets in recovering funds if Bitcoin's current signature system is disabled due to quantum attack threats. Proof generation for the prototype took approximately 55 seconds on a high-end consumer MacBook. Despite the development, there is no formal proposal or deployment timeline, and developers are divided on the urgency of the quantum threat.#Bitcoin #QuantumComputing #Cybersecurity #Cryptocurrency #Blockchain #WalletRecovery #Taproot #TechInnovation #BTC