Bradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than $1,000 each of several cryptocurrencies.
The project could lead to the development of layer-2 networks atop Bitcoin without requiring any major changes to the blockchain's underlying code.
Sergio Demian Lerner, an Argentine developer known for his early work on Satoshi Nakamoto's bitcoin stash, discussed the project Wednesday at the Bitcoin++ developer conference in Austin.has detailed plans for a new"BitVMX" project designed to improve the oldest blockchain's programmability by keying off developer Robin Linus's much-discussed"
Sergio Demian Lerner, a Buenos Aires-based programmer known for his early research on Bitcoin founder Satoshi Nakamoto's mining activities and later for contributing to the Ethereum blockchain's development, discussed the project onstage Wednesday at the Bitcoin++ conference in Austin, Texas. "We have a roadmap to finish this in one year" and"we are moving forward at full speed," Lerner said during the presentation.has been widely cited by Bitcoin developers as a breakthrough for the 15-year-old blockchain since it theoretically would facilitate the development of programmable layer-2 networks similar to those that are being used in the Ethereum blockchain ecosystem to make transactions cheaper and faster.
Rootstock Labs added that"a team of core contributors is working on a public roadmap of proposed improvements to the network in the next 12 months.","BitVMX framework provides the foundations to run any CPU on Bitcoin, with a focus to run a fully-compliant RISC-V processor programmable using a standard compilation toolchain" – a technical description of the new system that boils down to facilitating a"myriad of use cases.
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