btcmirror
btcmirror copied to clipboard
dcposch
Ring buffer for gas efficiency
Deploy Preview for distracted-gates-f46892 canceled.
| Name | Link |
|---|---|
| Latest commit | f8b4a7a9a5cbd8dbffa0667efd2640902a6fa449 |
| Latest deploy log | https://app.netlify.com/sites/distracted-gates-f46892/deploys/6365b6dc130fd40009c329a7 |
![netlify[bot] avatar](https://avatars.githubusercontent.com/in/13473?v=4 "Published by a pub.dev verified publisher"){kind=small}
@ycryptx
when i started writing btcmirror, it felt like an obvious thing to ship. a trust-minimized way to prove bitcoin transactions on ethereum. why didn't that exist already?
no regrets shipping. it was a great solidity learning project!
but once it was running, working, i had a hard time finding anyone who cared. (same with Silver Portal, which builds on Bitcoin Mirror to provide a simple BTC/ETH dex.)
in the course of developing and testing, i used bitcoin self-custody wallets more than anyone else i've met. the main bitcoind python-qt wallet, plus a few others. they're absolutely terrible.
i had a hard time finding anyone else--even in a room full of experienced crypto developers--who've made any bitcoin transactions (on the actual chain, not in CB) at all in the last 5 years. based on my experience, easy to see why.
as far as i can tell, ~nobody outside institutions and traders actually use bitcoin to do anything other than hodl it. and the institutions and traders in turn are happy with centralized exchanges or OTC.
--
if anyone has a convincing use-case for btcmirror, i'd love to hear it.
@dcposch I totally get it Daniel, everyone talks about usage and I can't for the life of me see it. I think your intuition about the need for btcmirror was right, just early. I'm seeing more and more people talk about the need for a trustless way to prove BTC state on other chains now that inscriptions and ordinals are a thing, so I've been researching what's out there, and stumbled on your great implementation.
how production ready is it? I'm happy to help in development to get it to a ready place
- works
- contract is very simple
- not audited; could use community audit
go for it; lmk if you run into any trouble
i dont think the ringbuffer is necessary unless deploying to mainnet
much cheaper to run on l2; i recommend starting on OP mainnet