Welcome Square Fam.
Introducing the newest member of The Pulse series, The Nubit Weekly.
Wait.
🟧What is Nubit?
Nubit is the first data availability layer, built on Bitcoin.
The project's R&D development is conducted by Riema Labs, a globally distributed R&D Team, backed by brilliant minds on the ecosystem from Prof. Yu Feng to Hanzhi Liu from UCSB.
The project recently raised around 8M from Tier 1 VCs such as Polychain Capital, Spartan Ventures and DAO5 by Tekin Salimi.
🟧What should users expect from the Nubit Weekly?
Well, the plan is to first start with explaining concepts around Nubit, and then eventually roll out to weekly updates from the R&D team and relevant operations.
Now, without further ado, Let's get into this episode✊
🟧How Nubit works - Basics
Nubit describes itself as a Scalable, cost efficient, data availability layer secured by Bitcoin, for the Bitcoin community.
The blockchain includes 4 essential building blocks:
🟠Validators --> These nodes operate utilizing the NubitBFT consensus algorithm.
The validator is tasked with proposing blocks, while verifying the integrity of blocks and transactions.
🟠Full Storage Node --> Once these nodes receive block data from validators, they evaluate received data and verify the integrity via Data Availability Sampling, which e will be discussing in a future episode.
🟠Light Clients --> They obtain block headers which are broadcasted by validators, which include data commitments.
They randomly initiate requests from full storage nodes to ensure data remain untampered.
What makes Nubit standout🤔
Here's why👇
➡️Nubit utilizes an approach combining #BTC 's security with SNARKs, to ensure economic security and tamper ressistance on the blockchain.
➡️The blockchain aims to be something equivalent chainlink into the BRC ecosystem, bringing in many real world use cases into the network.
Okay.
Here I take a break for the day.
In the next episode we will be discussing things around The Data Availability layer and related concepts on Nubit.
Now, go share this with your frens who might lack some alpha on Nubit.
Until the next episode, take care🫡
