What is Nubit? – Coinbold

That guy is getting married Nubit bridges the gap between the traditional Internet (Web2) and the decentralized web (Web3) by providing a comprehensive ecosystem that simplifies the transition of decentralized applications and allows them to reach their full potential. In essence, Nubit is paving the way for a more open digital future. Below is a brief overview of Nubit, as summarized by Coinbold. It is summarized for your understanding.

What is Nubitran?

That guy is getting married An innovative data availability layer designed to enhance the scalability and efficiency of Bitcoin. By leveraging the security of Bitcoin, Nubit supports a wide range of applications including Ordinals, Layer 2s, and price oracles. This expansion of the Bitcoin ecosystem empowers developers to create innovative solutions and opens up new possibilities.

It is designed to address key challenges in the Web3 space:

• Development costs are high – Existing blockchain infrastructure often imposes high costs on projects, such as staking requirements and expensive gas fees. This creates a tough “rent-seeking” environment, especially for startups, and increases the barrier to entry.
• security – Web3 security requirements are much more stringent than Web2, as all interactions involve handling digital assets and financial transactions. This requires projects to invest significant resources not only in adapting to new technologies, but also in maintaining the security of their systems.
• Technical complexity – The technical complexity of blockchain development and the lack of compatibility between Web2 and Web3 technologies make it difficult for teams to successfully migrate and scale their applications.

She gets married The approach is to create a set of tools that make it easier for developers to build and deploy decentralized applications, while providing a secure, scalable infrastructure that can handle the demands of Web3.

Architecture is married

That guy is getting married Ready to revolutionize the Bitcoin ecosystem. A scalable, cost-effective, and Bitcoin-secured data availability layer. This groundbreaking platform is designed to accommodate the rapidly growing demand for data storage and processing within the Bitcoin network, especially as applications such as Ordinals, Layer 2s, and price oracles continue to gain popularity.

At its core Nubit’s architecture A strong lie Consensus mechanism, Nubit BFT. The algorithm is specifically designed to support large validator sets of up to 200,000 nodes, ensuring decentralization and resilience of the network. Utilizing SNARK-based signature aggregation, Nubit BFT Efficient consensus decision-making is possible even with a large number of participants, significantly reducing communication overhead.

To ensure data integrity and availability, Nubit uses: Data Availability Sampling (DAS). While the full storage node is responsible for storing all block data, light clients can randomly check the availability of this data by requesting samples from other nodes. This mechanism effectively mitigates the risk of malicious activities such as data withholding or tampering.

Nubit’s most attractive feature is its tight integration with Bitcoin. By leveraging Bitcoin’s native staking and anchoring methods, Nubit fully inherits Bitcoin’s renowned security, including economic security, tamper resistance, and censorship resistance. Bitcoin anchoring records block hash and stake set voting on the Bitcoin blockchain, providing an additional layer of security and enabling fast asset unbonding.

In essence, Nubit provides a comprehensive solution to the growing data storage challenges within the Bitcoin ecosystem. By providing a scalable, secure, and Bitcoin-anchored data availability layer, Nubit empowers developers to build innovative applications and fully leverage the potential of the Bitcoin network.

See: https://docs.nubit.org/overview/architecture

Wedding Team

YufengA computer science professor at UCSB, he is the founder of Nubit. His research over a decade has led to the development of Nubit’s innovative approach to blockchain scalability. Yu Feng’s research at Nubit has important implications for the future of blockchain technology as it addresses the scalability issues that have prevented widespread adoption.

* Computer Science Department, University of California, Santa Barbara

investor

Nubit has been successfully closed. $8 million seed funding roundLeading the way Polychain CapitalWith the participation of several other prominent investors including: Nomad Capital, Spartan Group, L2IV, Big Brain Holdings, GCR, Protagonist, Gate Ventures, Animoca, and Mask Network. This latest round brings Nubit’s total funding to $12 million. The primary goal of this funding is to advance Nubit’s mission to develop the most secure and scalable data availability (DA) layer for the multi-chain ecosystem. This DA layer aims to support limitless applications in areas such as AI, SocialFi, and GameFi.