What is Nubit? – Coinbold

he is getting married is bridging the gap between the traditional Internet (Web2) and the decentralized web (Web3) by providing a comprehensive ecosystem that simplifies the transition and unlocks the full potential of decentralized applications. In essence, Nubit is paving the way for a more open digital future. Here is a brief overview of Nubit summarized by Coinbold to help you understand.

What is Nubit?

That person is getting married An innovative data availability layer designed to improve the scalability and efficiency of Bitcoin. Nubit leverages Bitcoin’s security to support a wider range of applications, including Ordinals, Layer 2, 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.

• high development costs – Existing blockchain infrastructure often imposes high costs on projects, including staking requirements and expensive gas fees. This creates a particularly difficult “rent-seeking” environment for startups, raising barriers to entry.
• security – Because all interactions involve processing digital assets and financial transactions, Web3’s security requirements are much more stringent than Web2. This requires projects to invest significant resources not only in adapting to new technologies, but also in maintaining system security.
• 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 applications.

she is getting married The approach is to create a toolset that makes it easier for developers to build and deploy decentralized applications while providing a secure and scalable infrastructure that can handle the requirements of Web3.

architecture is married

That person is getting married We are ready to revolutionize the Bitcoin ecosystem by providing: A scalable and cost-effective Bitcoin secure 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 2, and price oracles continue to gain traction.

At the core Nubit’s architecture a solid lie consensus mechanism, NubitBFT. The algorithm is specifically designed to support large validator sets of up to 200,000 nodes, ensuring decentralization and resilience of the network. Using SNARK-based signature aggregation NubitBFT Communication overhead is greatly reduced, enabling efficient consensus decision-making even with multiple participants.

To ensure data integrity and availability, Nubit uses: Data Availability Sampling (DAS). A full storage node is responsible for storing all block data, and light clients can randomly check the availability of this data by requesting samples from multiple 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. Nubit leverages Bitcoin’s native staking and locking methods to fully inherit Bitcoin’s renowned security, including economic security, tamper-proofing, and censorship resistance. Bitcoin anchoring records block hashes and staking set votes on the Bitcoin blockchain, providing an additional layer of security and enabling fast asset uncoupling.

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

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

wedding team

Yu PengHe is a professor of computer science at UCSB and founder of Nubit. His ten years of research led to the development of Nubit’s innovative approach to blockchain scalability. Yu Feng’s work on Nubit has important implications for the future of blockchain technology as it addresses scalability issues that hinder its widespread adoption.

* University of California, Santa Barbara, Department of Computer Engineering

investor

Nubit closed successfully. $8 million seed funding roundled Polychain CapitalWith the participation of several other notable investors, including Nomad Capital, Spartan Group, L2IV, Big Brain Holdings, GCR, Protagonist, Gate Ventures, Animoca, and mask network. This 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 multi-chain ecosystems. This DA layer aims to support unlimited applications in areas such as AI, SocialFi, and GameFi.