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Alexei

@alexeiZamyatin

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Building the Hybrid L2, powered by Bitcoin security. Co-founder @build_on_bob @interlayHQ , BitVM2 contributor.

https://t.co/EjdElIlpEf
Joined May 2015
Don't wanna be here? Send us removal request.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
3 days
Excited to introduce the @build_on_bob Hybrid L2 vision The Hybrid L2 is a new paradigm combining Bitcoin’s security with Ethereum’s DeFi innovation. We believe this to be the blueprint to making Bitcoin the center of DeFi. The idea is simple but powerful: use Bitcoin as
@build_on_bob
BOB | Hybrid L2
@build_on_bob
4 days
Introducing the Hybrid L2 vision. Bitcoin security and trust-minimized, BTC-secured bridges to Bitcoin, Ethereum and any other L1. A blueprint for making Bitcoin the center of DeFi.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
Roadmap analysis: @cosmos vs @Polkadot - next 6 months. 1/6 Today🔍 Cosmos: built IBC to connect non-shared security chains. Polkadot: built shared security and XCM to connect between shared security chains. Both IBC and XCM currently only work between "same-format" chains.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 year
Proposing the BRC-21 standard to mint fully decentralized, cross-chain tokens onto #Bitcoin . This allows minting L1 assets like ETH, SOL, DOT and decentralized stablecoins like DAI, LUSD... onto Bitcoin & use them on lightning network
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BRC-21 Token Standard | BRC-21 Experiment

Proposal for minting & redeeming fully decentralized, cross-chain BRC-20 tokens

interlay-labs.gitbook.io
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
Did you know... That @Polkadot is the only network with a fully operational, decentralized #Bitcoin bridge? 🤫🛡️ Not even Ethereum or BTC "sidechains" have a decentralized way to mint and redeem Bitcoin for DeFi. Decentralization matters - and users should at least have a
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@alexeiZamyatin
Alexei
@alexeiZamyatin
3 years
Finally, it's live. You can now mint trustless $kBTC on @KaruraNetwork and use it on @MoonriverNW and @KaruraNetwork We've built the most sophisticated, decentralized, and trustless BTC bridge, ever. The base is ready. Now comes the fun part.
@Cointelegraph
Cointelegraph
@Cointelegraph
3 years
Interlay deploy Bitcoin-based kBTC asset on Kusama network, a testing phase for eventual Polkadot launch. Story by @tomfarrencrypto
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 months
BitVM2 and BitVM Bridge: TLDR Today we released the BitVM2 tech and bridge paper! Huge thanks to brilliant @robin_linus @lukas_aumayr Andrea Pelosi @zetavar1 @matteo_maffei TLDR: - BitVM2 is a major improvement over previous BitVM versions. - BitVM Bridge is now the most
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@alexeiZamyatin
Alexei
@alexeiZamyatin
7 months
Excited to announce our $10m funding round for @build_on_bob to create the first hybrid L2, combining the best of both worlds from Bitcoin and Ethereum. We're honored by the trust of OGs @nic__carter @MattWalshInBos and their incredible team at @CastleIslandVC -- as well as
@CoinDesk
CoinDesk
@CoinDesk
7 months
BOB, a hybrid layer-2 blockchain atop Bitcoin, but with Ethereum compatibility, has raised $10 million in seed funding. By @JamieCrawleyCD $BTC $ETH
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 year
#Bitcoin DeFi and bridges mega thread📈🌉 1/10 There's $12.5 billion worth of #BTC deployed across chains...
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@alexeiZamyatin
Alexei
@alexeiZamyatin
5 months
@jon_charb It hurts so much it’s funny
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@alexeiZamyatin
Alexei
@alexeiZamyatin
6 months
Seems @build_on_bob has the most “on-chain” TVL of all Bitcoin L2s/sidechains? 224m and growing
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 year
I bought some Pesos in Argentina 🇦🇷 via a P2P exchange using USDT on Tron. Here's my experience 👇👇👇 First of all, why go P2P? Because the official USD-ARS exchange rate is 2.5-3x worse than the "blue dollar" rate. I actually tried: I withdrew 30€ from an ATM, paid 10€ in
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 year
Proposing BRC-42: an extension to the BRC-20 standard to bridge BRC-20 tokens to chains like Ethereum or @InterlayHQ in a fully decentralized manner. This unlocks countless DeFi use cases for BRC-20 tokens, such as DEX swaps, borrowing/lending etc.
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BRC-42: A Cross-Chain Standard For BRC-20 Tokens | BRC-42: A Standard for Cross-Chain BRC-20 Tokens

Proposal for a fully decentralized protocol to bridge BRC-20 and similar tokens to other chains

interlay-labs.gitbook.io
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@alexeiZamyatin
Alexei
@alexeiZamyatin
7 months
So excited to finally announce this. We've been working with @MarathonDH for the last few months to create the best possible chain for institutional adoption - powered by #Bitcoin , built with the @build_on_bob stack Alys is in alpha and ready for testing by early partners,
@build_on_bob
BOB | Hybrid L2
@build_on_bob
7 months
✴️𝐁𝐈𝐆 𝐍𝐄𝐖𝐒✴️ BOB partners with Anduro by @MarathonDH to unveil Alys, a new institutional #Bitcoin L2. A blend of Ethereum's flexibility and Bitcoin's security, Alys is set to revolutionize real-world asset tokenization. Full details ⬇️
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@alexeiZamyatin
Alexei
@alexeiZamyatin
3 years
It started with a paper in 2018. Today, we've made a major step to trustless #Bitcoin #DeFi @kintsugi_btc is live as a @kusamanetwork parachain! Sharing our experience going through the parachain auctions, a peak behind the scenes @InterlayHQ :
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Kintsugi Wins Parachain Slot 11 — Bitcoin is Coming to Kusama

Kintsugi has officially won the 11th Kusama Parachain Slot! The community has voted for trustless Bitcoin to come to Kusama

medium.com
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@alexeiZamyatin
Alexei
@alexeiZamyatin
3 years
A little bird just told me... ...the first-ever trustless #Bitcoin was minted on @kusamanetwork via @kintsugi_btc !!! Houston. We have a countdown⌛️ Can't wait? Prepare on
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 months
We're starting to see what many people in our industry have been preaching about for a decade. State-driven attacks on freedom of speech and the tech that these platforms run on. Not somewhere in a dictatorship far away. No, right here, in the heart of Europe. But are we ready?
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@alexeiZamyatin
Alexei
@alexeiZamyatin
9 months
My research work has now been cited over 1000 times🎉 This doesn't make me any more qualified to talk about #Bitcoin than the many brilliant builders that decided not to go into academia - but still feels like a person achievement worth sharing
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Alexei Zamyatin - Cited by 1,134

Distributed Crafts, Imperial College London - Decentralized Systems - Bitcoin - Blockchain - Interoperability - Security

scholar.google.com
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@alexeiZamyatin
Alexei
@alexeiZamyatin
3 months
Bitcoin Nashville was impressive. TLDR: - Event packed every day, not quite Web Summit scale but soon? - Entire track on politicians & tradifi fomo-ing into BTC - Was great to meet old friends but also see so many new faces - Main focus is still on adoption - Bitcoin L2
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@alexeiZamyatin
Alexei
@alexeiZamyatin
3 years
@kintsugi_btc network has officially launched 100% zero-compromise decentralization from day 1. No admin keys, backdoors, or voting power majority by anyone. Path cleared for trustless #BTC on @kusamanetwork , @Polkadot - and then *everywhere else*. Kudos @InterlayHQ
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@alexeiZamyatin
Alexei
@alexeiZamyatin
9 months
PSA. We all want ZK rollups on Bitcoin. However, saying "we're building ZK rollups on Bitcoin" is like saying "we're building a space station for another galaxy". That's a great, visionary project but the prerequisites don't exist yet. Bitcoin *cannot verify ZK proofs*. The
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@alexeiZamyatin
Alexei
@alexeiZamyatin
3 years
Closed source DeFi projects
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 year
Perfect timing ahead of @InterlayHQ DeFi hub launch - native USDT withdrawals via Binance!
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@alexeiZamyatin
Alexei
@alexeiZamyatin
8 months
BOB is a Bitcoin L2. BOB is an Ethereum L2. BOB is a first-of-it's kind hybrid L2. BOB will be the most secure L2 through the combination of Bitcoin's PoW and Ethereum's PoS - even before BitVM is live
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 months
We've released the BitVM2 tech and bridge paper!!!
@robin_linus
яobin linus
@robin_linus
2 months
Excited to share our work on BitVM bridges: A novel trust-minimized protocol to bridge Bitcoins to second layers. Huge thanks to @lukas_aumayr , @alexeiZamyatin , Andrea Pelosi, @zetavar1 , and @matteo_maffei for their amazing contributions 🧡
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@alexeiZamyatin
Alexei
@alexeiZamyatin
9 months
PSA. No, we do not yet have ZK roll-ups on Bitcoin. We can hopefully do optimistic roll-ups with a 1-of-n trust assumption. ZK can save costs here but that's all. Anything else is marketing. We're working on L2Beat for Bitcoin to set the records straight in this space.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 year
#Bitcoin renaissance is here ✨ Went on @CoinDesk TV today to talk #Bitcoin sidechains, drivechains and our new layer 2 stack #BoB @build_on_bob
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Interlay Launches New Layer 2 Network to 'Bring Back Builder Culture...

Decentralized blockchain network Interlay announced the release of its Minimum Viable Product of Build on Bitcoin. Interlay co-founder and CEO Alexei Zamyatin discusses the new Bitcoin layer 2...

www.coindesk.com
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@alexeiZamyatin
Alexei
@alexeiZamyatin
3 months
Daily reminder that real Bitcoin L2s still don't exist yet
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 months
As much fun as we have working on it, BitVM isn’t just a passion project. The goal from the get-go has been to come up with something practical and scalable that could realistically enable Bitcoin DeFi – and we think we’ve finally nailed it with BitVM2
@alexeiZamyatin
Alexei
@alexeiZamyatin
2 months
BitVM2 and BitVM Bridge: TLDR Today we released the BitVM2 tech and bridge paper! Huge thanks to brilliant @robin_linus @lukas_aumayr Andrea Pelosi @zetavar1 @matteo_maffei TLDR: - BitVM2 is a major improvement over previous BitVM versions. - BitVM Bridge is now the most
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@alexeiZamyatin
Alexei
@alexeiZamyatin
7 months
#Bitcoin DeFi just won a major supporter. Thrilled to welcome @VelodromeFi to the @build_on_bob ecosystem. Boasting ~740m TVL across Optimism and Base, Velo/Aero is an absolute DeFi heavy hitter. Let's grow this to the billions with BTC liquidity.
@build_on_bob
BOB | Hybrid L2
@build_on_bob
7 months
Announcement: @VelodromeFi is setting course on #BOB ! 🚴⚡️💨 As the pioneering Bitcoin L2 with EVM compatibility, we're excited for Velodrome to deploy its innovative DEX technology on our network. This collaboration propels us towards a future where Bitcoin DeFi thrives,
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
@kusamanetwork gov has approved the onramp proposal ✅ 🗳️ @BanxaOfficial is coming to 10 Kusama parachains🔥 @kintsugi_btc , @bsx_finance , @KaruraNetwork , @AjunaNetwork (Bajun), @oak_network (Turing), Statemine & 3 more. Brought to you by @InterlayHQ -
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Parachain Assets Fiat Onramp Support Bounty Program

Dear Kusama community, This is Zhixi Zhang from . We propose a bounty program aimed at helping Kusama parachains integrate fiat on-ramp support for their native assets with , one of the leading...

kusama.polkassembly.io
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 year
Just set up my first decentralized DCA into #BTC via @hydra_dx and @InterlayHQ #TrueBitcoinDeFi Not financial advice!
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
6/6 Disclaimer: - I founded @InterlayHQ which is a Polkadot parachain - I am heavily betting on @cosmos IBC replacing centralized bridges Our goal as a product is to work with both networks - and hence competition is good IMO.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
We're trying something new... Smart contracts for #Bitcoin in.... Rust! Sounds exciting? We're looking for builders who want to revolutionize how we use #BTC and contribute the new open financial system. Join the @consensus2023 or @encodeclub hackathons now! Links below
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@alexeiZamyatin
Alexei
@alexeiZamyatin
6 months
250m TVL ready to be deployed on @build_on_bob ... in less than a week. The countdown is on
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@alexeiZamyatin
Alexei
@alexeiZamyatin
6 months
On @build_on_bob via @SovrynBTC
@FarmerJoe0x
FarmerJoe 🌎☮️
@FarmerJoe0x
6 months
Imagine what happens when people can actually buy Bitcoin tokens.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
This is why we need a native, common good oracle solution for @Polkadot
@CSBastiat
CS Bastiat ⚖️
@CSBastiat
2 years
Chainlink continues to blackmail DeFi teams into paying exorbitant fees for its centralized oracle service.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
7 months
100m TVL in less than 4 days. The #Bitcoin Renaissance has arrived. Now, it's up to us builders to continue shipping 🫡 No easy task, both engineering (BitVM) and UX-wise - but we'll work harder than ever to make it happen. The stakes are high!
@build_on_bob
BOB | Hybrid L2
@build_on_bob
7 months
🎉 Milestone Achieved 🎉 We've crossed the $100M TVL mark in #BOBFusion ❗️ Overnight, your support propelled us past this incredible milestone. What's next? Stay tuned! 👀
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 year
99% of bridges are trusted multisigs. @InterlayHQ 's BTC bridge is secured by a decentralized network of vaults, collateral and light client proofs. They are not the same. Independent collateral backing monitor by @DIAdata__org :
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
After months of non-stop building @InterlayHQ is launching a #Bitcoin DEX and lending protocol next week! Security is our #1 priority. - Trustless #BTC bridge live for 1 year - 6 security audits - 4mos of DeFi hub testnet Next week: gated, experimental launch on @kintsugi_btc
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@alexeiZamyatin
Alexei
@alexeiZamyatin
8 months
If you're into Bitcoin L2s, start following @build_on_bob BOB is a first-of-it's kind hybrid L2 combining BTC and ETH security and liquidity. BOB will be the first to launch and kick off the #Bitcoin L2 season.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
3 years
It is with great pleasure that I share - I have successfully defended my PhD thesis with minor corrections after 4 years of research @imperialcollege 🎊🎓 Thanks to my supervisor @will_wjk and the examiners @mrahuth and @socrates1024 .
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@alexeiZamyatin
Alexei
@alexeiZamyatin
4 years
👀
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 year
#Bitcoin is experiencing a renaissance. It's time to build - and we're shipping the best tools to innovate on #BTC Stay tuned for more #BOB
@CoinDesk
CoinDesk
@CoinDesk
1 year
The team behind Interlay announced plans for BOB, a new Bitcoin layer-2 network compatible with Ethereum’s EVM software environment. @InterlayHQ $BTC In Protocol Village by @liqquidity
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@alexeiZamyatin
Alexei
@alexeiZamyatin
7 months
Something big is coming to @build_on_bob Are you ready?
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@alexeiZamyatin
Alexei
@alexeiZamyatin
5 years
1\3 “Pay-To-Win: Incentive Attacks on Proof-of-Work Cryptocurrencies”. Joint work with A.Judmayer, N.Stifter, I.Tsabary, @ittayeyal , P.Gazi, S.Meiklejohn and @weippl @SBA_Research @tuvienna @imperialcollege @TechnionLive @initc3org @InputOutputHK @ucl
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@alexeiZamyatin
Alexei
@alexeiZamyatin
7 months
BOB likes securely bridged BTC. Bridges are never without risk but tBTC v2 has done an impressive job of creating a robust, MPC-based solution to secure BTC wrapping. Excited to grow the Bitcoin DeFi ecosystem together
@TheTNetwork
Threshold Network ✜
@TheTNetwork
7 months
Over 10% of the total tBTC supply is locked for #BOBFusion 🌶️⚡️🚀
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
Don't get the FUD. - Gavin co-created 2 of the most prolific web3 networks - Always said he's better at tech than being CEO - Hired experienced C-suite to lead super-growth company Parity - Made businesses oriented co-founder Björn CEO so he can focus on DOT tech This is good
@gavofyork
Gavin Wood
@gavofyork
2 years
I’m happy to announce that Parity co-founder Björn Wagner will step up to the role of company CEO while I retain the title of Chief Architect.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
9 months
Co-hosted Bitcoin L2 session at Satoshi Roundtable in Dubai. Most attended session of the entire event. We're so back
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@alexeiZamyatin
Alexei
@alexeiZamyatin
3 months
I'm a Bitcoin maxi -- I believe Bitcoin is our best shot at a decentralized world. I'm also a massive fan of what Ethereum has done and can recognize the contributions it's made. We exist. Be tribal against oppression and authoritarians, not other innovators.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
11 months
I've been saying lightning doesn't work for years. Too many VCs blindly invested in LN without understanding it - in absence of other solutions. It seems we've reached a point where LN failure is widely accepted among previous supporters. It's time to admit and move on to
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
Update: most wished #BTC + #DOT products: - Stake #BTC , earn #DOT & other rewards - Auto-convert staking rewards into #BTC Comment on the thread below if you want to see these / more products on @InterlayHQ
@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
@Polkadot DeFi frens, shill your #DOT + #BTC DeFi wishlist! What products do you want to see on the @InterlayHQ DeFi hub at launch? Stake #BTC to earn #DOT ? Borrow USD against BTC? Or go degen long/short? You name it, we build it! PS: launch prep is in full progress 🔨🔨🔨
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
$150k+ worth of #iBTC swapped OTC on @hydra_dx right after launch! The OTC feature allows you to swap BTC and other assets P2P with other users: post or fill orders. Super simple and especially useful for large trades. Reminds me of the good old bitcoin[.]de times
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@alexeiZamyatin
Alexei
@alexeiZamyatin
3 years
Is it not time to change this? With DOT at $50 this is quite high
@DrW3RK
Radha
@DrW3RK
3 years
Make sure your account balance does not drop below 1 $DOT when you are contributing to crowdloans on @Polkadot
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
@Polkadot DeFi frens, shill your #DOT + #BTC DeFi wishlist! What products do you want to see on the @InterlayHQ DeFi hub at launch? Stake #BTC to earn #DOT ? Borrow USD against BTC? Or go degen long/short? You name it, we build it! PS: launch prep is in full progress 🔨🔨🔨
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@alexeiZamyatin
Alexei
@alexeiZamyatin
5 months
It doesn’t matter how good or principled the tech is if nobody wants to use it. That’s why at @build_on_bob we’re building for users – not just ethos. We’re not Bitcoin maxis. We’re not Ethereum maxis. We’re end-user maxis.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
6 months
Build build build on BOB….
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
How to build a decentralized #Bitcoin bridge. A thread (in images), summarizing 5 years of research and building the first fully decentralized BTC bridge. 👇
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@alexeiZamyatin
Alexei
@alexeiZamyatin
7 months
Less than one month to @build_on_bob Mainnet. Less than 5 days until BOB Fusion. Are you ready for the orange season anon?
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 month
Announcing BOB Stake: The 1-click Bitcoin LST portal and SDK BTC staking is the most exciting new DeFi primitive, expected to activate $ billions of dormant BTC. BOB Stake is a novel, one click portal aggregating dozens of the leading BTC LST and yield products, built on
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@alexeiZamyatin
Alexei
@alexeiZamyatin
7 months
Shh, Udi is asleep. Time to post some BitVM stuff. BitVM v2 is pretty cool: much simpler than v1, allows anyone to challenge and uses some pretty cool new Script tricks. Still WIP with a few construction sites but the speed at which this is improving makes me very bullish.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 year
I think it's time to pump thrse numbers for Bitcoin dapps
@Cris_Pap8
Cris Pap
@Cris_Pap8
1 year
Developers' activity by weekly commits! @Polkadot $DOT is heating up🔥🟣
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 year
I'm now the owner of Orb #2 @orb_land and have the power to ask @nic__carter a question every 7 days. Why is this interesting? @orb_land is an experiment started by @ercwl that allows experts to charge for "consulting" on-chain, while creating an open market for information
@nic__carter
nic carter
@nic__carter
1 year
Following in @ercwl 's footsteps, I am announcing the issuance of the second ever Orb ( @orb_land ) Auction starts soon!
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@alexeiZamyatin
Alexei
@alexeiZamyatin
6 months
Over $100m of BTC is now locked (non-custodial) in BOB Fusion, ready to deploy into the dozens of BOB’s DeFi apps once mainnet goes live shortly after the Bitcoin halving. BOB is becoming *the* new kid on the block and we’re here to stay
@build_on_bob
BOB | Hybrid L2
@build_on_bob
6 months
🚀 #BOBFusion Season 1 update as we prepare for Season 2: 🔹 12K+ participants 🔹 $219.3M TVL locked Highlights: 🔸 $114.67M in BTC assets 🔸 $31.07M in ETH assets 🔸 $21.57M in stablecoins 🔸 $44.96M in eSOV Stay tuned for more as we approach the grand finale! 🔥
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@alexeiZamyatin
Alexei
@alexeiZamyatin
8 months
We're kicking off a wave of big announcements tomorrow. Y'all better follow @build_on_bob
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 year
Non-custodial bridges do not exist. To bridge = to deposit. 99% of bridges today are one of: - Trust a single signer - Trust in honest majority of a multisig/threshold sig (statistical security) Better (hopefully soon): - Lock in a smart contract and trust light clients For
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@alexeiZamyatin
Alexei
@alexeiZamyatin
4 months
Centralized products become more risky as they get bigger. Decentralized products become less risky as they get bigger.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
3 years
Interoperability Deep Dive: XCMP vs IBC vs Optics Short, purposefully simplified Sunday deep dive into the 3 hottest cross-chain protocols between smart contract chains. As usual: DYOR & feedback/corrections welcome!
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Interoperability Deep Dive: XCMP vs IBC vs Optics

A glance XCMP, IBC and Optics.

alexeizamyatin.medium.com
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 year
BRC20s reminded us once again about #Bitcoin #scaling limits. BTC L2s today lack adoption, despite existing for a long time. It's time for a new kid on the block.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
A Bitcoin Rollup inherits **nothing** of Bitcoin's security 🚫 Yes, you use Bitcoin as an expensive bulletin board for data availability. This is not new. Colored coins are older than Ethereum. It's the **same**. Even merged mining is better bc at least some miners verify
@RollkitDev
Rollkit 🚄
@RollkitDev
2 years
You can now run a sovereign rollup on Bitcoin. Announcing the first research integration of Bitcoin as a data availability layer for sovereign rollups. 🧵
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@alexeiZamyatin
Alexei
@alexeiZamyatin
8 months
Our vision for @build_on_bob is to create the first hybrid rollup with multiple native bridges. BTC assets secured by #Bitcoin ETH assets secured by #Ethereum Step 1: relay BitVM fraud proofs to the ETH L1 contract.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
8 months
It's a #Bitcoin L2 It's an #Ethereum L2 It's a Hybrid L2 ...and it's launching at the Bitcoin Halving #HybridL2 @build_on_bob
@build_on_bob
BOB | Hybrid L2
@build_on_bob
8 months
JUST IN: BOB announced its Rollup roadmap at the Bitcoin Renaissance event, during #EthDenver 2024. A thread w/ each phase explained by Co-Founder @alexeiZamyatin . 👇
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
Millions have been raised for interoperability - via trusted bridges. @wormholecrypto @MultichainOrg @axelarcore @CelerNetwork @nomadxyz_ @LayerZero_Labs and now @EclipseFND Needed today - but temporary solutions⏳ A thread on the future of trustless bridges 🌉👇 1/12
@EclipseFND
Eclipse (🐮,🌑)
@EclipseFND
2 years
The tooling that Eclipse will provide to developers will enable the next generation of web3 applications, offering unparalleled dedicated throughput while borrowing the security, decentralization, and reliability of existing L1s.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
8 months
First slowly, then all at once. This is just the beginning of the Bitcoin Renaissance
@MARAHoldings
MARA
@MARAHoldings
8 months
Introducing Slipstream: a direct transaction submission service on #Bitcoin , powered by Marathon.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
5/6 Who has the advantage?🏎️🚗 Tech-wise, Polkadot might have a slight edge here. Marketing/BD-wise, Cosmos seems to have an edge, with @dYdX onboarding. USDC is coming first to DOT.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
Under construction: Rust + #Bitcoin + smart contracts
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 year
Last year we designed a protocol that combines #Bitcoin bridges with rollups ("commit chains"). Our goal was to reduce collateral requirements for @InterlayHQ 's trustless BTC bridge. The result was what a BTC L2 might look like in the future. Over the
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@alexeiZamyatin
Alexei
@alexeiZamyatin
10 months
We're hiring a Developer Advocate for @build_on_bob to help us make building on #Bitcoin great again and grow the Bitcoin L2 ecosystem (EVM & Rust).
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Distributed Crafts

We build open source software and contribute research to onboard one billion people to Bitcoin.

apply.workable.com
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@alexeiZamyatin
Alexei
@alexeiZamyatin
7 months
Making Bitcoin DeFi easy to use is one of our mission @build_on_bob That's why we're building will an (almost) 1-click #BTC -> BOB onramp 🚀 🔜
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@alexeiZamyatin
Alexei
@alexeiZamyatin
5 months
Adding new features to Bitcoin is necessary - but rushing them is dangerous. Funding initiatives and experimentation to validate before pushing for a fork is the right way to go about this. Shoutout to @StarkWareLtd for putting up $1m for an OP CAT fund!
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 year
We've designed and built the first trustless BTC bridge. We've launched the first truly decentralized BTC DeFi Hub. What we are launching next is the biggest thing we've ever worked on and will help bring the next 1 billion users to #Bitcoin
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@alexeiZamyatin
Alexei
@alexeiZamyatin
7 months
Ordinals made Bitcoin hit ATH in processed transactions. Today using Ordinals requires specialized wallets. Now imagine if 30 million Metamask users could use Ordinals, Runes, BRC20s... And trade them with ETH, USDT, USDC,... Coming soon, powered by @build_on_bob
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 year
90% of the audits are completely useless, change my mind. But if you don't do them and something happens, ppl go nuts. What would make sense is some form of insurance. But because there are so many scam/rug projects willing to pay for credibility, auditors have no reason to
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@alexeiZamyatin
Alexei
@alexeiZamyatin
8 months
Liquidity is king. By accessing liquidity from both Bitcoin and Ethereum, incl native stablecoins, @SovrynBTC can grow to become one of the largest DeFi platforms in the space, powered by @build_on_bob
@Unchained_pod
Unchained
@Unchained_pod
8 months
Bitcoin DeFi app @SovrynBTC is integrating with a yet-to-launch Bitcoin L2 network, BOB ( @build_on_bob ) in an effort to attract liquidity from @Ethereum . ✍️ by @kyletorpey 🗞 Read more:
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
2/6 Under construction 🏗️ Cosmos: building shared security, likely learning from DOT's pros/cons. Polkadot: extending XCM to work between independent substrate chains, likely learning from IBC (Beefy light client, that also will enable trustless DOT-IBC and DOT-ETH bridges)
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
Something landing on @InterlayHQ in the next 24h
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@alexeiZamyatin
Alexei
@alexeiZamyatin
3 months
Today, for the first time in almost 10 years working on #Bitcoin , I onboarded a newbie to BTC in a web3 native way in less than a minute. BOB Pay is actually something even my parents can and *will* use. Bullish.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 year
Los puentes de #Bitcoin son difíciles @labitconf
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@alexeiZamyatin
Alexei
@alexeiZamyatin
9 months
ETH: 278bn ETH L2s: 40bn+ Bitcoin: 800bn market Bitcoin L2s: ??🔥 Competition will be fierce but we're all working towards the same goal: grow the pie. May the games begin
@muneeb
muneeb.btc
@muneeb
9 months
Bitcoin L2s are likely a $100B+ market in the coming years. Opportunity for new devs to come in and bring the successful apps & experiments from the rest of crypto to Bitcoin L2s.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
7 months
Excited to be working with @QwQiao and team to help teams building on @build_on_bob
@QwQiao
qw
@QwQiao
7 months
we accelerated the #1 bitcoin wallet for ordinals and l2s @XverseApp at a time when everyone wrote btc off we r also excited about btc l2s, ordinals, runes, and talked about them ad nauseam on @goodgamepodxyz bitcoin renaissance is real, come build with us
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@alexeiZamyatin
Alexei
@alexeiZamyatin
3 years
How @inter_btc works in 1 minute
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@alexeiZamyatin
Alexei
@alexeiZamyatin
4 years
What a year to start a company. Global pandemic, economic crisis, DeFi hype, Bitcoin ATH… 2020 was a roller-coaster ride all way long... and a fantastic year for @InterlayHQ . Looking back at our journey from PhD to start-up life:
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@alexeiZamyatin
Alexei
@alexeiZamyatin
3 years
👀👀👀🐦
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@alexeiZamyatin
Alexei
@alexeiZamyatin
3 months
Too many people still think tBTC is collateral backed and hence too expensive/not scalable. It's a big multisig using TSS. A balanced solution between security and decentralization. Until we have practical BitVM it's the most secure BTC bridge design. Can devs do something to
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@alexeiZamyatin
Alexei
@alexeiZamyatin
4 months
Scam warning: the @InterlayHQ has been compromised. Do not click on any links posted from that account. How? I got sim swapped. Status: i reacted within 30min, blocked everything and have by now regained control over my phone number. As far as we can tell the only account
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@alexeiZamyatin
Alexei
@alexeiZamyatin
3 months
Why do I love building on #Bitcoin ? Because despite vastly different opinions and fierce competition we sat down with @0x_orkun @januszg_ @EdanYago @david_seroy @bergealex4 @Truthcoin @peterktodd to publicly roast ourselves and Bitcoin L2s. Enough shilling, this is where the
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@alexeiZamyatin
Alexei
@alexeiZamyatin
6 months
Happy Bitcoin Halving! Now begin 4 years of work towards Bitcoin L2s to increase Bitcoin fee revenue ahead of the next halving to ensure long term economic security.
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@alexeiZamyatin
Alexei
@alexeiZamyatin
4 months
Bitcoin Ethereum 🤝 BoB
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@alexeiZamyatin
Alexei
@alexeiZamyatin
2 years
3/6 When? ⏳🏁 Cosmos: shared security v1 promised for Q1/23, v2 for Q3/23. v2 seems to be = Polkadot shared security features. Polkadot: Beefy light client & bridge hub/XCM update by Q1/23 according to roadmap
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@alexeiZamyatin
Alexei
@alexeiZamyatin
1 year
Unpopular opinion: *self-custody* is a meme outside of cypherpunks. We will not get mass adoption if people are scared of losing money. I've been doing this for 8 years and still have nightmares about key management and sending a wrong transaction. For #Bitcoin mass adoption,
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@alexeiZamyatin
Alexei
@alexeiZamyatin
8 months
Bitcoin Renaissance was the hottest event at ETH Denver @build_on_bob (BTC L2) @babylon_chain (BTC staking) are spearheading Bitcoin season 2
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@alexeiZamyatin
Alexei
@alexeiZamyatin
3 years
Just moved my first $KINT to @MoonriverNW and received $xcKINT Took me less than 30 seconds @kintsugi_btc ❤️ @MoonriverNW
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