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A company that is changing the way the world mines bitcoin

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Cryptopolitan 2025-01-11 00:01:47

Unified token standard to streamline Bitcoin’s fragmented ecosystem

Unified token standard to streamline Bitcoin’s fragmented ecosystem

Nubit has introduced Goldinals, a unified token protocol for every Bitcoin native asset, as well as Meta Protocols. The token protocol claims to build a “trustless world computer for Bitcoin,” offering solutions that address limitations in programmability, data availability and asset creation. In an X post on January 10, Nubit announced : Today, Bitcoin has 100+ asset protocols—fragmented, inefficient, and isolated. Every new feature requires building a new protocol from scratch. However, Goldinals changes everything. ~Nubit Goldinals is developed on BitVM and already works well with BRC-20, Runes and Ordinals According to Nubit, the new token protocol, Goldinals, is fully compatible with experimental token standard BRC-20 and the fungible token Runes. The token protocol is also built on BitVM, a system intended to execute complex computations and smart contracts on the BTC network. In a series of X posts, the company insisted that Goldinals is fast, secure, reliable, and fully decentralized , claiming it could help streamline the very fragmented BTC ecosystem. It added that the Bitcoin protocol can now hasten development time, working ten times faster. Moreover, Nubit argued that the protocol is programmable and interoperable and hence will address all the inefficiencies that come with Bitcoin’s ecosystem fragmentation. Developers can also specify token attributes such as supply limits or transfer rules using smart contract-style logic. All transactions are also verifiable directly on the BTC blockchain. Furthermore, Goldinals will utilize zero-knowledge (ZK) proofs for on-chain validation. ZK proofs will help the protocol to trace and identify invalid transactions on the Bitcoin network, reducing the need for third-party verification. Nubit aims to revolutionize Bitcoin with programmability and trustless computing Nubit co-founder Hanzhi has maintained that the firm will prioritise programmability, arguing that Bitcoin needs “real programmability, not duct-taped chaos.” He added that with reliable foundations and standards, the Bitcoin ecosystem will evolve into a space of interoperable, win-win innovation. Nubit is also developing a compiler to convert user-friendly code into optimized BTC scripts, with formal verification to validate each program’s integrity. Additionally, the firm will continue to develop BitVM to operate Turing-complete programs on Bitcoin. The company still expects to complete the establishment of a Trustless World Computer for BTC, with support from Polychain. From Zero to Web3 Pro: Your 90-Day Career Launch Plan

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