Ring buffer for gas efficiency - #6
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@dcposch Should we merge this? ;) |
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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. |
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@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. |
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how production ready is it? I'm happy to help in development to get it to a ready place |
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 |
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@nibnalin