{"id":172192,"date":"2024-09-25T17:19:08","date_gmt":"2024-09-25T17:19:08","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172192"},"modified":"2024-09-25T17:19:12","modified_gmt":"2024-09-25T17:19:12","slug":"babylon-and-fiamma-collaborate-to-unleash-bitcoins-full-potential-on-euphrates-devnet","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/babylon-and-fiamma-collaborate-to-unleash-bitcoins-full-potential-on-euphrates-devnet\/","title":{"rendered":"Babylon and Fiamma Collaborate to Unleash Bitcoin\u2019s Full Potential on Euphrates Devnet"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\"><strong>Fiamma has successfully integrated Babylon&#8217;s devnet<\/strong>, Euphrates, which represents a significant advancement in leveraging the full potential of the 21 million available Bitcoins.<\/li>\n<li style=\"text-align: justify\">Through the implementation of the BitVM2 protocol, they will <strong>enhance the security of the Bitcoin<\/strong> network and allow for optimistic verification of <strong>zero-knowledge proofs (ZKPs).<\/strong><\/li>\n<li style=\"text-align: justify\">The goal is to create<strong> a secure and decentralized environment<\/strong> that enables Bitcoin users to access <strong>unlimited yields<\/strong> across multiple chains.<br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong>Fiamma has become one of the first networks to integrate <a href=\"https:\/\/crypto-economy.com\/babylon\/\" target=\"_blank\" rel=\"noopener\">Babylon&#8217;s<\/a> devnet, called Euphrates<\/strong>. This advancement is a key step toward <strong><a href=\"https:\/\/medium.com\/@Fiamma.io\/unlocking-bitcoins-full-potential-trustlessly-fiamma-first-to-integrate-with-babylon-devnet-a7365369853a\" target=\"_blank\" rel=\"noopener\">unlocking<\/a> the true potential<\/strong> of the 21 million available Bitcoins.<!--more--><\/p>\n<p style=\"text-align: justify\">Fiamma is dedicated to <strong>enhancing the security of the Bitcoin network through its implementation of the BitVM2 protocol<\/strong>, which allows for optimistic verification of <a href=\"https:\/\/crypto-economy.com\/zero-knowledge-proof-zkp\/\" target=\"_blank\" rel=\"noopener\"><strong>zero-knowledge proofs (ZKPs),<\/strong> <\/a>thus opening new opportunities in the crypto ecosystem.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udd13 Bitcoin&#39;s potential, fully unlocked.<a href=\"https:\/\/twitter.com\/Fiamma_Chain?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Fiamma_Chain<\/a> is one of the first networks to harness Babylon&#39;s Euphrates devnet, unlocking seamless ZK verification, trustless BTC bridges, and more. <\/p>\n<p>\ud83d\udc47 Read more <a href=\"https:\/\/t.co\/VqNpTaPVhI\" target=\"_blank\">https:\/\/t.co\/VqNpTaPVhI<\/a><\/p>\n<p>&mdash; Babylon (@babylonlabs_io) <a href=\"https:\/\/twitter.com\/babylonlabs_io\/status\/1838959653469770047?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">September 25, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">Fiamma&#8217;s latest innovation is the creation of <strong>an extremely compact segmented script, known as Fflonk<\/strong>, which is only 0.875GB in size. This enables Bitcoin <strong>to verify any type of computation<\/strong>, translating into practical applications that could revolutionize how digital assets are utilized.<\/p>\n<p style=\"text-align: justify\">Planned applications include the possibility of <strong>creating trustless Bitcoin bridges, facilitating cross-chain liquidity<\/strong> swaps through a ZK Bitcoin bridge, and <strong>enabling interoperability without bridges<\/strong>, which would ease the purchase of assets on other blockchains using BTC directly.<\/p>\n<p style=\"text-align: justify\">Fiamma&#8217;s approach aims to <strong>resolve the centralized trust issues<\/strong> that have historically affected asset transfers between chains, as well as the inherent limitations in Bitcoin&#8217;s programmability.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-172194\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/babylon-post-1.png\" alt=\"babylon post\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/babylon-post-1.png 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/babylon-post-1-300x109.png 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/babylon-post-1-768x279.png 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h2>Fiamma and Babylon Will Provide Unprecedented Security Levels<\/h2>\n<p style=\"text-align: justify\">By using the BitVM2 protocol, which allows for arbitrary computation on Bitcoin through a fraud-proof mechanism, Fiamma <strong>provides an unprecedented level of security for all projects within its ecosystem<\/strong>. This will strengthen the Bitcoin infrastructure and offer users <strong>unlimited yield opportunities across multiple chains<\/strong>, injecting BTC into other ecosystems like Ethereum and Solana.<\/p>\n<p style=\"text-align: justify\">The collaboration between Fiamma and Babylon aims to create a robust ecosystem that allows Bitcoin users to <strong>access yields in a secure and decentralized environment<\/strong>. Babylon, which specializes in shared BTC security protocols, stands out for its self-custodial staking approach, <strong>eliminating the need to trust third parties for asset management.<\/strong><\/p>\n<p style=\"text-align: justify\">The combination of Fiamma&#8217;s and Babylon&#8217;s capabilities paves the way for new and complex interactions within the blockchain industry, expanding the reach and utility of Bitcoin in the decentralized economy<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Fiamma has successfully integrated Babylon&#8217;s devnet, Euphrates, which represents a significant advancement in leveraging the full potential of the 21 million available Bitcoins. Through the implementation of the BitVM2 protocol, they will enhance the security of the Bitcoin network and allow for optimistic verification of zero-knowledge proofs (ZKPs). The goal is to create a &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Babylon and Fiamma Collaborate to Unleash Bitcoin\u2019s Full Potential on Euphrates Devnet\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/babylon-and-fiamma-collaborate-to-unleash-bitcoins-full-potential-on-euphrates-devnet\/#more-172192\" aria-label=\"More on Babylon and Fiamma Collaborate to Unleash Bitcoin\u2019s Full Potential on Euphrates Devnet\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":172195,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100,70,74],"tags":[9933,4602,4620,4656,5287,9906],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172192"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172192"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172192\/revisions"}],"predecessor-version":[{"id":172196,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172192\/revisions\/172196"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172195"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}