What is LumiBit?
LumiBit is pioneering a native Bitcoin Layer 2 solution, leveraging Scroll zk-rollup technology for enhanced efficiency and scalability. By integrating Zero-Knowledge proofs into the Bitcoin ecosystem, LumiBit preserves Bitcoin's native characteristics while offering full EVM compatibility, low latency, and reduced transaction costs. Through innovative features like Bitcoin as DA, Omni Wallet, Signature Interpretation, Inscription-based Execution, and UTXO Channel Bridge, LumiBit enhances scalability while maintaining user states on the Bitcoin network. Its full EVM compatibility also provides developers with an accessible, developer-friendly platform, attracting more participants to the Bitcoin ecosystem.
How does LumiBit support the Bitcoin ecosystem?
- Decentralized BTC Layer 2: LumiBit is designed to enhance the Bitcoin ecosystem by facilitating decentralized Layer 2 solutions. As a developer, you can embrace LumiBit's developer-friendly, fast, and reliable Bitcoin Layer 2 environment. As a user, you can experience unprecedented speed and a rich ecosystem on LumiBit.
- Improved Network Scalability with Scroll: Based on Scroll's solution, LumiBit utilizes the ZK scheme of Halo2+FRI to explore a Layer 2 scaling solution for Bitcoin.
- ZK Rollup on Bitcoin: LumiBit utilizes ZK-rollup technology, with Bitcoin serving as its Data Availability layer. ZK proofs are recorded on the Bitcoin network and verified by open-source clients, enabling efficient access and verification of the latest off-chain states. This approach ensures transparency and reliability while leveraging Bitcoin's robust infrastructure for data storage and validation.
- EVM Compatibility: LumiBit enables Bitcoin to seamlessly integrate with the Ethereum Virtual Machine (EVM) and its surrounding ecosystem by utilizing bridged tokens as Gas, thereby enhancing compatibility and interoperability between the two networks.
What are the main use cases that LumiBit supports?
- DeFi
- Inscription
