From 9833c5e44b2566b5adc65c2c46751bc0eba24c48 Mon Sep 17 00:00:00 2001 From: Mohammed Zohaib <94558069+MuhammedZohaib@users.noreply.github.com> Date: Sun, 26 Jan 2025 11:53:32 +0500 Subject: [PATCH] Update README.md --- profile/README.md | 65 +++++++++++++++++++++++++++++++++++++++++++++-- 1 file changed, 63 insertions(+), 2 deletions(-) diff --git a/profile/README.md b/profile/README.md index f3caecb..92f3071 100644 --- a/profile/README.md +++ b/profile/README.md @@ -1,4 +1,65 @@ +# LayerEdge: Revolutionizing Bitcoin with Decentralized Scalability -# LayerEdge +## 🌐 What Is LayerEdge? +LayerEdge is the **first decentralized network** designed to enhance Bitcoin’s Blockspace with **ZK (Zero-Knowledge)** and **BitVM** technologies. By leveraging these innovations, LayerEdge ensures every layer of computation is **securely anchored to Bitcoin**, delivering scalability and cost efficiency like never before. -Bringing Proof Aggregation & efficient Verification to Bitcoin — verifying proofs on Bitcoin at 99% cheaper cost. +👉 **How does LayerEdge work?** +Often, efficient settlement on Bitcoin relies on enabling `OP_Cat` on Bitcoin’s L1. With or without `OP_Cat`, LayerEdge revolutionizes the process by enabling **shared transactions** and **proof aggregation**, providing unmatched performance while maintaining Bitcoin's security standards. + +--- + +## ⚡ Why LayerEdge? + +Imagine Bitcoin not just as a store of value but as a **decentralized supercomputer** capable of verifying complex computations without executing them directly. + +🔑 **Key Benefits:** +- **95% Cost Reduction**: Drastically lower L1 settlement costs through shared transactions. +- **99% Proof Verification Savings**: Achieve unparalleled proof verification cost reduction via aggregation. +- **Scalability Without Compromise**: Enable verifiable, off-chain execution while maintaining Bitcoin’s Proof-of-Work (PoW) security. + +Applications extend beyond financial transactions, from **AI** and **IoT (DePIN)** to any domain requiring verifiable computation in decentralized systems. + +--- + +## 🛠 Why Are We Building This? + +Bitcoin’s unmatched security comes at a cost: +- Limited scripting capabilities restrict advanced functionalities. +- High costs make ZK-proof verification economically unfeasible, leaving L2 solutions struggling with scalability or sustainability. + +**LayerEdge bridges this gap** by enabling: +- **Proof Aggregation**: Protocols share verification costs, significantly reducing expenses. +- **Economic Viability**: Transforming what was once financially restrictive into affordable solutions. + +Our vision is to make **Bitcoin’s security accessible to all protocols**, empowering innovation across the ecosystem. + +--- + +## 🚀 How Does It Work? + +LayerEdge introduces an **optimized modular design** for computation: +- **ZK Proofs**: Shift complex computations off-chain and verify them on-chain with concise proofs. +- **BitVM**: Extend Bitcoin’s capabilities while preserving its decentralization. + +This approach mirrors Ethereum's rollups but without the fragmentation, ensuring a seamless, scalable ecosystem. + +**Efficiency Highlights:** +- Proof verification costs on Bitcoin drop from **$900+** to **less than $20** per protocol in networks with 50+ protocols. +- Shared costs reduce expenses as more protocols join LayerEdge, fostering a network effect for scalability. + +--- + +## 🔍 Background + +The blockchain trilemma (decentralization, scalability, security) has led many networks to compromise security for performance. At LayerEdge, we take a different path: +- **Zero-Knowledge Proofs (ZK)** enable massive scalability without sacrificing trust. +- **Off-Chain Computation** ensures modular ecosystems for faster and cost-effective solutions. +- **Bitcoin Integration** combines the world’s most secure blockchain with advanced verifiable computation, unlocking its full potential. + +--- + +## 🌟 Our Vision + +LayerEdge transforms Bitcoin into the **backbone of verifiable trust** for the decentralized internet. By enabling **secure, scalable, and cost-effective** solutions, we empower developers to create next-gen applications across finance, AI, IoT, and beyond. + +Join us as we redefine the possibilities of Bitcoin!