BEVM｜BTCLayer2 on Nostr: Introducing the First Decentralized Indexer Innovation on the BEVM Bridge! Ensuring ...
Introducing the First Decentralized Indexer Innovation on the BEVM Bridge!
Ensuring the security and traceability of innovative Bitcoin asset standards like #BRC20, #Ordinals, and #Runes in transactions is crucial to the community.
Learn how BEVM makes it happen.🔥🧵
1/ While BEVM SPV can obtain any #Bitcoin network transaction, it can't determine if it corresponds to #Runes/#Ordinals asset transactions or identify their type, quantity, or recipient due to their unique nature.
An external indexer is required to parse this information.
2/ Accurate recognition of #Runes/#Ordinals transaction information is crucial for the indexer.
Unlike Bitcoin light clients, mainstream indexers like Unisat, OKLINK, BINANCE, and ORDISCAN are not protected by the Bitcoin network, posing centralized risks.
3/To this end, BEVM has proposed its decentralized indexer solution.
1️⃣Decentralized Indexer Nodes: Each validator must introduce the Runes/Ordinals indexer based on their own Bitcoin SPV. POS-based validator selection resolves single points of failure and centralization issues in existing indexers.
2️⃣Open-Source Indexer Cross-Validation: BEVM uses open-source indexers for cross-validation. Validators run this process on BEVM nodes, significantly reducing costs.
4/ We are integrating this first-ever decentralized indexer to Taproot Consensus to launch the decentralized #BRC20/#Ordinals/#Runes bridge.
Check more details here⤵️
https://bevm-blog.webflow.io/post/why-is-a-decentralized-indexer-important-for-runes-ordinals-assetsPublished at
2024-08-19 06:47:18Event JSON
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"content": "Introducing the First Decentralized Indexer Innovation on the BEVM Bridge!\n\nEnsuring the security and traceability of innovative Bitcoin asset standards like #BRC20, #Ordinals, and #Runes in transactions is crucial to the community.\n\nLearn how BEVM makes it happen.🔥🧵\nhttps://m.primal.net/KEGy.jpg \n1/ While BEVM SPV can obtain any #Bitcoin network transaction, it can't determine if it corresponds to #Runes/#Ordinals asset transactions or identify their type, quantity, or recipient due to their unique nature.\n\nAn external indexer is required to parse this information.\n\n2/ Accurate recognition of #Runes/#Ordinals transaction information is crucial for the indexer.\n\nUnlike Bitcoin light clients, mainstream indexers like Unisat, OKLINK, BINANCE, and ORDISCAN are not protected by the Bitcoin network, posing centralized risks.\n\n3/To this end, BEVM has proposed its decentralized indexer solution.\n\n1️⃣Decentralized Indexer Nodes: Each validator must introduce the Runes/Ordinals indexer based on their own Bitcoin SPV. POS-based validator selection resolves single points of failure and centralization issues in existing indexers.\n\n2️⃣Open-Source Indexer Cross-Validation: BEVM uses open-source indexers for cross-validation. Validators run this process on BEVM nodes, significantly reducing costs.\nhttps://m.primal.net/KEHE.jpg \n4/ We are integrating this first-ever decentralized indexer to Taproot Consensus to launch the decentralized #BRC20/#Ordinals/#Runes bridge.\n\nCheck more details here⤵️https://bevm-blog.webflow.io/post/why-is-a-decentralized-indexer-important-for-runes-ordinals-assets",
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