LayerEdge Announces the Launch of Its Incentivized Testnet, Marking a Major Milestone in the Mission to Build a Bitcoin-Backed Internet

Following the success of its Devnet phase, LayerEdge proudly announces the launch of its Incentivized Testnet, marking a major milestone in the mission to build a Bitcoin-backed internet.

LayerEdge, a Babylon's Bitcoin Secured Network (BSN), announces today the launch of its Incentivized Testnet, advancing its vision of extending Bitcoin's unparalleled security guarantees through groundbreaking technology and a modular approach to trust-minimized verification.

The Devnet phase, a precursor to this release, delivered impressive results with an average of 100K gas units saved per proof, efficiently aggregating proofs from Avail, Bitfinity and others on Bitcoin Signet. This performance showcased the transformative potential of shared verification, and zero knowledge proof aggregation laying the groundwork for the Testnet launch.

LayerEdge leverages Bitcoin's security as a BSN, anchored by staked BTC, to enable a trustless and modular BitVM implementation. Its core capabilities include:

Proofs from top protocols like Avail, Bitfinity and others are currently being aggregated and secured on Bitcoin Signet via LayerEdge with many more coming soon with this testnet release!

As part of this Testnet rollout, LayerEdge integrates RISC Zero’s zkVM technology into its ZK proof aggregation platform, unlocking significant advantages in scalability, efficiency, and development flexibility

This integration enhances LayerEdge's proof aggregation capabilities by utilizing RISC Zero's ZK Coprocessors and built-in GPU acceleration for efficient off-chain computation. By leveraging RISC Zero's composite and recursive circuits, developers can rapidly generate proofs at a scale not seen before, benefiting from mature toolchains and a Rust-based development environment. All of this, while maintaining robust security.

LayerEdge's Devnet implementation of inscribing state transition on a Public Bitcoin Signet now has an even easier module for any user to try it on the dashboard, allowing any user to generate a proof of any input and settle it to Bitcoin Signet in just a few clicks.

LayerEdge Testnet also allows any user to run a light node on top of the network to verify proofs on leaf-level when they’re aggregating, before the state transition is settled on Bitcoin Signet, while earning rewards for it.

How LayerEdge’s Light Node Verification via Stochastic Sampling of Proofs work is defined in detail in this paper:

https://github.com/Layer-Edge/Whitepaper/blob/main/Light_Nodes_Whitepaper.pdf

LayerEdge is rolling out the Testnet in two strategic phases:

Phase 1 will introduce an easier interface for users to test the enhanced aggregation module, and begin participation in quests to earn LayerEdge Points. This phase will also open up light node verification for users to join and contribute.

Phase 2 will introduce a points leaderboard and begin distributing rewards to participants for their contributions to the network.

What’s Missing? The implementation of trust-minimized verification on Bitcoin (BitVM based), is still a work in progress. This means that LayerEdge Testnet does not yet implement verification on Bitcoin for the final aggregated proof, but supports the settlement of final aggregated proof in the format of a cenotaph rune. A gradual rollout of the features enables LayerEdge to stress-test the network and identify bugs before moving on to the next phases.

Developers and users are invited to join the Testnet, experience the easier interface to test the enhanced aggregation module, participate in quests, run a light node and contribute in shaping the future of Bitcoin-backed Internet, all while earning rewards in LayerEdge's Points by simply logging on to: https://dashboard.layeredge.io/

You’ll need an invite code to access the dashboard, which you can either achieve by activity in LayerEdge Discord or ask a friend who already has an access.

About LayerEdge LayerEdge is the first decentralized network that enhances the capabilities of Bitcoin Blockspace with ZK & BitVM, enabling every layer to be secured on Bitcoin & true Bitcoin Rollups achieving trust minimized settlement. By leveraging BitVM based trust-minimized verification & proof aggregation, LayerEdge Network enables rollups/blockchains to settle on Bitcoin at up to 1% of the required blockspace and associated costs.

LayerEdge's mission is to power the Bitcoin backed Internet for all layers, blockchains, rollups and apps. LayerEdge is developing a proof aggregation & verification layer bringing efficient trust-minimized settlement to Bitcoin, light clients for proof sampling, and a Universal Validator Set (UVS)

Media Contact LayerEdge Team info@layeredge.io Singapore, Singapore