The #x402 Protocol is fascinating, but 3 challenges remain:
1. Token Dependency: Reliance on #EIP3009 limits adoption (mostly $USDC).
2. Latency is King: Favors high-speed chains (e.g., #Base & #Solana).
3. Incentive Question: How is the Facilitator compensated?
Robin suggested using OP_CTV to optimize the #BitVM protocol, and I’ve implemented a demo showcasing this idea! 🚀
In this version, the presigning committee is completely removed.
✅ Code: github.com/bitlayer-org/b…
🛠 Follow the README and verify it yourself!
#Bitcoin#OP_CTV
Since a few people asked me to summarize the CTV scriptSig trick for BitVM bridges, I wrote up a detailed post on Delving Bitcoin.
TL;DR: no more committee, no more existential honesty assumption.
delvingbitcoin.org/t/how-ctv-csfs…