We're working with @AlpenLabs to build Bitcoin's financial system. You can soon lend, earn, use stablecoins, and more — all secured by ZK proofs from the Succinct Prover Network.

🔓 @AlpenLabs’ Bitcoin financial system testnet is now live! Developers can build trading, borrowing & stablecoin apps directly on BTC using ZK-rollups. Mainnet next! ⚡ - Features BTC-backed "Bitcoin Dollar" stablecoin. - EVM compatibility for Ethereum devs. - Backed by Ribbit, Castle Island Ventures.

This is awesome. @AlpenLabs, @citrea_xyz, @GOATRollup, @build_on_bob, @fiamma_labs, all now in testnet. @StarkWareLtd also making big moves in this area. The orange planet is in sight. BTCFI season is upon us 🟠

Secure, non-custodial finance, natively on BTC. LG

Alpen is the first Bitcoin rollup that will make native BTC a productive asset. Excited for their testnet launch! One step closer to mainnet :)

Alpen's public testnet is a big deal. The launch of the first Bitcoin rollup is coming closer. I can't wait to play with it later this week.

Bitcoin’s financial system is coming online. Alpen's Public Testnet is now live! Borrow, trade, earn yield & use stablecoins – soon on Bitcoin.

Alpen Labs 🔸 Tech 🔸 @AlpenLabs is set to launch Glock, a new cryptographic primitive enabling minimal-trust offchain computation verification on @Bitcoin with drastically lower onchain costs: Glock overcomes key limitations of prior models like BitVM2 using garbled circuits and a compact DV-SNARK. It reduces complexity, lowers required staking, and improves protocol efficiency - paving the way for more secure and accessible Bitcoin rollups and bridges. 🔸 Research 🔸 Alpen's @liameagen and @aztecnetwork's @rel_zeta_tech published a paper building on a prior insight linking Inner Product Arguments (IPA) to sumcheck protocols, aimed at enhancing performance for multilinear polynomial commitments: 🔸 Bug Bounty Program 🔸 Finally, the project has launched a bug bounty program on @immunefi to identify security vulnerabilities in its Bitcoin-based ecosystem, which uses ZK cryptography: Researchers and ethical hackers can earn up to $5,000 for valid findings. Alpen emphasizes that security is central to its development efforts and welcomes community contributions to strengthen its testnet platform.

We're delighted to be supporting @januszg_ in continuing his invaluable research on Bitcoin's many layers. Building a neutral knowledge base that's accessible to Bitcoin holders is a key step in building trust for newer generations of Bitcoin-based systems and applications.

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