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BULLISH 📈 : Bitcoin Hyper raises $31M by integrating Solana VM for speed

  • Vitalik Buterin's advocacy for Stage 2 rollups has led to disagreements between Ethereum purists and Layer 2 developers. The focus is on execution speed over strict decentralization.
  • Investment capital is shifting from scaling debates to ecosystems offering high-performance environments for DeFi.
  • The industry is exploring Bitcoin as a secure settlement layer for smart contracts, beyond its role as digital gold.
  • Bitcoin Hyper raised over $31 million by leveraging the Solana Virtual Machine (SVM) to enhance Bitcoin's execution capabilities.

There's ongoing debate over blockchain scalability, questioning the purpose of Layer 2 solutions. Vitalik Buterin suggests L2s are outdated if they don't fully inherit Ethereum's security. This stance has met opposition from builders prioritizing specialization and performance.

The market gap exists for solutions combining major Layer 1 liquidity with Layer 2 high performance. Bitcoin Hyper utilizes SVM to improve Bitcoin's transaction processing capabilities, achieving over 12,000 TPS and sub-second finality.

SVM Integration and Modular Network Design

Bitcoin Hyper employs a modular architecture:

  1. Canonical Bridge: Uses Zero-Knowledge proofs to mint wrapped tokens without centralized intermediaries.
  2. Dual-Layer Security: Combines SVM execution with periodic anchoring to Bitcoin Mainnet for security.

This approach transitions Bitcoin into a Proof-of-Stake environment, allowing native staking and governance via a decentralized DAO. The $HYPER token supports network operations, enabling staking and governance participation.

Bitcoin Hyper aims to balance high performance and security, already raising significant funds and providing substantial staking rewards.