Bitcoin Layers

Bitcoin Layers has been acquired by @blockspace. Our founder, Janusz, will be joining Blockspace as an advisor as a part of the transaction. The integration will enable Bitcoin Layers to expand its onchain data suite and revamp its research platform.

@blockspace @BitGo @MorganStanley 😎

LIVE: → $IREN $2.3b raise → tokenized $STRC? → @BitGo vs Quantum FUD → @MorganStanley twitter.com/i/broadcasts/1…

@mariusoffchain @blockspace One man's layers 2s is another man's trash

@BitcoinLayers @blockspace I see no Bitcoin layer 2

Bitcoin Layer 2s are bleeding BTC.

Made with Bitcoin Layers new API & @claudeai Paid plans available at bitcoinlayers.org

@blockspace Yikes

Kelp DAO was hacked for ~$293 million, and the ensuing fallout saw $13 billion withdrawn across popular DeFi platforms. The hack turned DeFi’s interoperability and ease-of-access into a liability. “One of the nice things about DeFi is there's such a little friction. So we think that all these 'money legos' can stack on top of each other and make something really cool. But it's very hard to break the pieces apart when one of the ones in the middle has an issue.” @lygosfinance CEO @jaypatel joins Blockspace Live to explain how one DeFi protocol’s vulnerability/exploit turns into a liability for the rest of the market.

COLD CARD BITCOIN WALLET GIVEAWAY! We're teaming up with @COLDCARDwallet to do another unit giveaway. All you need to do is... 1) Follow @blockspace 2) Retweet & comment "opnext" below 3) Like this post! We will pick a lucky winner of a Cold Card & a GA ticket to @OPNEXT2026!

@blockspace @OPNEXT2026 @cbspears @AsILayHodling @wsfoxley OPNEXT

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my initial review on @citrea_xyz can be found below janusz.cash/layers/citrea tl;dr: citrea is a bitcoin sidesystem that uses bitcoin for data availability making it a bitcoin rollup it is an independent network with its own full node software. citrea advances its state by applying state transition logic over a set of transactions posted to bitcoin by the citrea operator (known as a sequencer) citrea full nodes initially gather blocks directly from the sequencer, execute them, and generate a new state root the sequencer then posts differences in state to bitcoin and full nodes verify that the state update posted to bitcoin matches the state they generated locally and every so often, a prover posts a validity proof to prove that the state transitions were executed correctly to finalize the full nodes view of the rollup as well as light clients to move bitcoin onto the network, citrea uses the clementine bridge which is an implementation of bitvm2 the clementine bridge vault has two primary spend paths the first sees 10, institutional signers, who participate in a 10-of-10 multisig set up, collectively spend funds out of the bridge vault contract to process withdrawals in the happy path clementine also contains an additional spend path where a 3-of-5 security council can spend funds out of the bridge vault contract in the event of one of the signers being unresponsive, or malicious, citrea leverages a bitvm-style game to enable operator-fronted withdrawals an operator kicks off the bitvm game by requesting a reimbursement transaction. in the transactions i analyzed, the kick off transaction was followed by two transactions where the corresponding utxo was spent by 1) a presigned tx spendable by the aggregate musig2 key from the clementine signers or 2) the clementine security council both script trees also contained an unrevealed path which most certainly contains the presigned transaction tree for the clementine bitvm protocol citrea is the first implementation of a bitcoin rollup, with an official bridge program, on bitcoin mainnet based on my findings, it does in fact use a bitvm-style protocol as outlined in its documentation site the network has training wheels on, but it's extremely promising to finally have a bitcoin rollup on mainnet with a verifying bridge!

@herogamer21btc @blockspace @cbspears 💯

@blockspace @cbspears Listening to the pod makes me think once we have multiple clients more matured and developed we could do with having multi-faces assessment like @BitcoinLayers on those clients

NEW @blockspace pod! Who is the newly appointed Bitcoin Core maintainer? What even is a “Maintainer”? "These are key holders, but they're more like janitors with keys." - @cbspears We discuss: ⚡ First one added since 2023 ⚡ No more lead maintainer ⚡ github owned by MSFT?

The Bitcoin Layers team will be at @OPNEXT2026 See you in New York 🤝 opnext.dev 🎟️

some news: @blockspace has acquired @BitcoinLayers the acquisition will enable bitcoin layers to expand its data capabilities we already have some great progress on this front courtesy of @khunpleb we’ll also be working on revamping the research portal and expanding it past bitcoin l2s and bitcoin-backed assets truthfully, it will be a 10x on what we were doing before i’m excited to work with @cbspears, @wsfoxley, and co. to get bitcoin layers to where it should’ve always been i do want to thank everyone; the l2 teams, crypto projects, various conferences, and ecosystem friends for giving us a chance at building a neutral platform for this emerging category and i want to thank @redvelvetzip for joining me on this journey. i also want to specifically thank @alexeiZamyatin and @0x_orkun for giving me the motivation & confidence to start the project over two years ago and personally supporting me during the early days

what i see as the main difference between @arkade_os and @flashnet let's say a user has an offchain utxo (leaf or vutxo) and wants to do some crazy shit to support this, flashnet uses an intent model where users send funds to an address controlled by validators. if intent is valid, the validators take a key share and pass it to the flashnet signer. if m-of-n validators pass the key share for the intent, the signer executes the transaction arkade extends their virtual mempool to support co-signing for more complex scripts. i.e., the arkade signer is able to sign off on things more complex than bitcoin scripts. a user needs to co-sign this execution, but model requires an honest signer for all offchain actions (like any out-of-round transaction) flashnet is an "at execution" custody risk. after execution, (in most scenarios) a user returns to a statechain model, meaning they have a pre-signed exit path for their utxo arkade has users remain in a "preconfirmed" state during all of this execution. post-execution, they can participate in a settlement transaction on bitcoin to gain full self-custody of their funds both models use TEEs for signing execution in flashnet, m-of-n validators need to collude and/or the TEE signer needs to be compromised to steal user funds in arkade, the TEE needs to be compromised and previous owners within a specific vtxo tx chain need to collude with the TEE i don't know which is *better* - just a different approach

someone asked for a @BitcoinLayers review on @arkade_os. i'll do it later but tl;dr custody - green tx data - green operator - dark red finality - green or yellow very good. congrats team

All in all, statechains are neat protocols where users retain pre-signed unilateral exit paths. But: - Users trust operators to delete keyshares post transfer - All transfers are completely public (no privacy) - LN payments are done via centralized swap providers

To pay LN invoices, Spark leverages centralized operators who facilitate LN swaps on users behalf. These swaps are atomic, meaning the swap provider can't steal your funds. But you do need at least one of these swap providers to be online to interact with LN.

Wallet of Satoshi is not (technically) a Lightning wallet. It uses a network, known as Spark, on the back end. Spark is a statechain. Let's go through a few of the assumptions: