CandleFocus

Bitcoin’s $100K milestone reflections, what’s next

Author: Content Editor
The hybrid layer-2 solution, BOB ("Build on Bitcoin"), has successfully tested its first BitVM-powered Bitcoin bridge prototype, developed in partnership with Fiamma. This milestone marks a significant step forward in the chain's scaling, with a focus on trust-minimized BTC bridging. BitVM bridges differentiate themselves from other solutions through their use of a fraud-proof system and decentralized approach. The bridge prototype is expected to be deployed on BOB's testnet in early 2025, followed by a mainnet rollout after audits. BOB also plans to integrate with bitcoin staking service Babylon to establish itself as a Bitcoin-secured network. The open Wiki-style signaling forum for Bitcoin soft fork upgrades reflects the growing need for community consensus, with developers weighing in on proposals. The forum provides a centralized location for meaningful discussions and evaluation of proposals. However, opinions remain divided on certain upgrades, making broader agreement harder to achieve as Bitcoin adoption increases. These upgrades could eventually enable more advanced capabilities and scaling for Bitcoin.

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