LayerEdge Building in Stealth, the First Modular Timestamping Protocol on Bitcoin with Aggregated Proofs

Key Highlights:

• LayerEdge is developing the first bitcoin verification later leveraging timestamping using zero-knowledge aggregated proofs.
• The protocol aims to enhance security and efficiency for Rollups & PoS-based chains.
• Integration with leading blockchain frameworks and Data Availability layers.

LayerEdge has revealed its pioneering achievement in developing the first timestamping protocol on Bitcoin using zero-knowledge aggregated proofs.

LayerEdge’s HMDA is a verification layer that leverages Bitcoin’s PoW security without the limitations of Bitcoin, founded by former Samsung Senior Engineer Ayush Gupta. The protocol verifies zero-knowledge/validity proofs and aggregately timestamps it to Bitcoin bringing down the cost tenfold. It is designed to provide high throughput, cost-efficient proof verification with low latency.

Secure and Verifiable Proofs

The protocol is designed to push proofs using ZK by timestamping them on Bitcoin. This is achieved through the use of ZK proofs, which ensure the integrity of the data without compromising its confidentiality. The result is a highly secure timestamping system that provides rollups and PoS-based chains and rollups with the confidence of Bitcoin’s PoW security. 

Cost-Efficient Timestamping Solution

Timestamping on Bitcoin can be prohibitively expensive due to high transaction fees and tight space constraints. LayerEdge’s protocol addresses this challenge by using zero-knowledge aggregated proofs, which significantly reduce the cost of timestamping. For example, typical annual timestamping fees incur substantial fees, and with LayerEdge these costs can be reduced to just 10% of the original cost. 

Technicals Integrations

LayerEdge has integrated its protocol with leading blockchain frameworks and Data Availability (DA) layers, such as Arbitrum Orbit Stack and Avail DA. These integrations ensure that LayerEdge’s timestamping protocol is compatible with a wide range of blockchain platforms, enhancing its scalability and versatility.

Key Features of LayerEdge’s Timestamping Protocol

1. Zero-Knowledge Aggregated Proofs: Utilizes advanced cryptographic techniques to ensure data integrity without revealing the data itself, enhancing security and privacy.
2. Cost Efficiency: Significantly reduces the cost of timestamping on Bitcoin, making it accessible for a broader range of use cases.
3. Scalability: Seamlessly integrates with major blockchain frameworks and DA layers, ensuring wide compatibility and scalability.
4. Enhanced Security: Provides robust protection against tampering and fraud, ensuring that all timestamped proofs are secure and verifiable.

About LayerEdge

LayerEdge HMDA is a modular timestamping protocol for settling data on Bitcoin via existing data availability solutions. The protocol is designed as a plugin that can be compatible with multiple frameworks & DA layers, enabling Bitcoin as a source of truth for PoS-based chains and rollups to enhance integrity and security, opening up many conveniences such as quick unlinking, new zone launch, and transaction protection.

Founded by Ayush Gupta, former Gnosis Tech Lead and Senior Engineer at Samsung R&D. While at Samsung, Ayush wrote a SW to authenticate & authorize access to various services that run on all Samsung smart devices.

Conclusion

LayerEdge’s development of the first timestamping protocol on Bitcoin (HMDA) using zero-knowledge aggregated proofs marks a significant milestone in Bitcoin space. By leveraging advanced cryptographic techniques, LayerEdge is poised to deliver a secure, verifiable, and cost-efficient timestamping solution that will set new industry standards.

For more information, please visit layeredge.io or contact [email protected]