LayerEdge Unveils Testnet for HMDA, Modular Timestamping Protocol on Bitcoin
In recent developments in the Bitcoin space, LayerEdge has launched HMDA’s testnet, a pioneering protocol that enables secure and verifiable timestamping on Bitcoin. This advancement promises enhanced security and efficiency across rollups & PoS-based chains, positioning Bitcoin as the source of truth.
Introducing LayerEdge’s HMDA Protocol
LayerEdge’s Hybrid Modular Data Availability (HMDA) protocol has been unveiled as a key innovation in the Bitcoin space. Engineered to seamlessly integrate with leading frameworks and Data Availability (DA) layers, HMDA solidifies Bitcoin’s role as a foundational element in the Bitcoin ecosystem. This protocol addresses the critical demand for effective timestamping solutions, particularly in the context of Bitcoin’s scaling 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.
Major Integrations
LayerEdge has forged technical integrations with industry leaders, including Arbitrum Orbit Stack and Avail DA, which underscore LayerEdge’s commitment to delivering robust and scalable timestamping solutions that enable PoW security of Bitcoin. The expansion of these integrations further strengthens LayerEdge’s position as a leader in the Bitcoin ecosystem.
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 to enhance integrity and security, opening up many conveniences such as quick unlinking, new zone launches, and transaction protection for Bitcoin scaling solutions.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.
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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.