Tech, Bitcoin, Bitvm, Bridge, DeFi, Layer 2s, News Citrea deployed its Clementine Bridge on the Bitcoin testnet, utilizing programming language BitVM2
A venture aiming to broaden Bitcoin’s utility is tackling the collateral necessities of bridging the blockchain to programmable layer 2s.
Rollup venture Citrea deployed its Clementine Bridge on the Bitcoin testnet. The bridge makes use of the BitVM2 programming language to broaden the availability for decentralized finance (DeFi) on Bitcoin, by utilizing it to confirm layer 2s and sidechains which are totally programable in the way in which Bitcoin is not.
“A secure bridge between Bitcoin and a secondary layer has always been a bottleneck for using BTC in a programmable environment,” Citrea said on Monday.
Clementine is designed to resolve this by offering a trust-minimized option to bridge bitcoin (BTC) to be used in DeFi environments.
The BitVM household of computing paradigms, which could allow Ethereum-style smart contracts on Bitcoin, usually lies on the coronary heart of makes an attempt by builders to make the community extra programmable and thus enable BTC to energy DeFi actions.
However, BitVM is hampered by the requirement to deposit BTC as a safety mechanism every time a computation is initiated.
“We reuse the operator’s collateral, allowing them to facilitate multiple peg-outs with a single collateral,” Citrea co-creator Ekrem Bal informed CoinDesk in a Telegram message.
Peg-outs check with the method of transferring property from a sidechain again to Bitcoin, triggering the discharge of the locked BTC collateral on the principle chain.
Citrea deployed Clementine on the original BitVM design last September. Citrea’s newest bridge makes use of BitVM2, an improve that boasts enhancements reminiscent of permitting any participant to problem suspicious transactions, not only a mounted set of operators.
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