{"id":10144,"date":"2024-01-20T16:47:15","date_gmt":"2024-01-20T16:47:15","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=10144"},"modified":"2024-01-20T16:47:33","modified_gmt":"2024-01-20T16:47:33","slug":"what-is-satoshivm-the-btc-burning-layer-2-airdrop-possibility","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-satoshivm-the-btc-burning-layer-2-airdrop-possibility\/","title":{"rendered":"What is SatoshiVM, the BTC-Burning Layer 2? Airdrop Possibility!"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:258\">SatoshiVM is a versatile ZK rollup that uses EVM for off-chain computations. This means that users can interact with SatoshiVM in a similar way to how they interact with Ethereum, and developers can build on top of SatoshiVM just like they would on Ethereum.<\/p>\n<blockquote>\n<p class=\"entry-title\">You might like: <a href=\"https:\/\/coinengineer.net\/blog\/on-chain-analysis-sign-of-evolution-in-spot-bitcoin-etfs\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><strong><em>On Chain Analysis: Sign of Evolution in Spot Bitcoin ETFs!<\/em><\/strong><\/span><\/a><\/p>\n<\/blockquote>\n<p data-sourcepos=\"5:1-5:22\"><strong>What is SatoshiVM?<\/strong><\/p>\n<p data-sourcepos=\"7:1-7:135\"><span class=\"citation-0 citation-end-0\">SatoshiVM bridges the EVM ecosystem with Bitcoin, enabling the Bitcoin ecosystem to issue assets and develop applications.<\/span><\/p>\n<p data-sourcepos=\"9:1-9:12\"><strong>Features<\/strong><\/p>\n<ul data-sourcepos=\"11:1-16:0\">\n<li data-sourcepos=\"11:1-11:83\"><strong>ZK EVM:<\/strong>\u00a0It is a versatile ZK Rollup that uses EVM for off-chain computations.<\/li>\n<li data-sourcepos=\"12:1-12:153\"><strong>ZK Rollup:<\/strong>\u00a0SatoshiVM uses Rollup technology to batch multiple transactions together and verify them as a single transaction on the Bitcoin mainnet.<\/li>\n<li data-sourcepos=\"13:1-13:239\"><strong>ZK Fraud Proofs:<\/strong>\u00a0SatoshiVM uses technologies like Taproot and Bitcoin Script to perform on-chain verification of contracts without changing the consensus rules of the Bitcoin network, thereby enabling the calculation of fraud proofs.<\/li>\n<li data-sourcepos=\"14:1-14:203\"><strong>Data Availability:<\/strong>\u00a0SatoshiVM must publish transaction data on the Bitcoin mainnet and ensure that anyone can verify the correctness of computations that are executed outside of the Bitcoin mainnet.<\/li>\n<li data-sourcepos=\"15:1-16:0\"><strong>Native BTC Gas:<\/strong>\u00a0SatoshiVM uses native BTC as gas for EVM. Similar to ETH OP Rollup\/ZK Rollup Layer 2 solutions that use ETH as gas for Layer 2, SatoshiVM uses BTC as gas for EVM transactions.<\/li>\n<\/ul>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-satoshivm-the-btc-burning-layer-2-airdrop-possibility\/#How_does_it_work\" title=\"How does it work?\">How does it work?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-satoshivm-the-btc-burning-layer-2-airdrop-possibility\/#From_Bitcoin_Network_to_SatoshiVM_Network\" title=\"From Bitcoin Network to SatoshiVM Network\">From Bitcoin Network to SatoshiVM Network<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 data-sourcepos=\"17:1-17:28\"><span class=\"ez-toc-section\" id=\"How_does_it_work\"><\/span><span style=\"font-size: 75%;\">How does it work?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-sourcepos=\"19:1-19:99\">SatoshiVM works by passing through 3 distinct phases, identifying each with a different layer name.<\/p>\n<p data-sourcepos=\"19:1-19:99\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-10146 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/How-does-SatoshiVM-work.png\" alt=\"SatoshiVM\" width=\"768\" height=\"443\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/How-does-SatoshiVM-work.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/How-does-SatoshiVM-work-300x173.png 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/p>\n<p data-sourcepos=\"21:1-21:20\"><strong>Settlement Layer<\/strong><\/p>\n<p data-sourcepos=\"23:1-23:271\">It provides chain-for-data availability, sequencing, and proof verification. It allows users and dApps to send messages and assets between Bitcoin and SatoshiVM. Bitcoin serves as the payment layer, and bridges and aggregation scripts are deployed on the Bitcoin network.<\/p>\n<p data-sourcepos=\"25:1-25:20\"><strong>Sequencing Layer<\/strong><\/p>\n<p data-sourcepos=\"27:1-27:376\">It consists of an execution node responsible for executing transactions sent to the sequencer and transactions sent to the L1 bridge script that produces L2 blocks. It also includes an Aggregation node that manages batched transactions, publishes transaction data and block information to Bitcoin to ensure data availability, and sends validity proofs to Bitcoin for finality.<\/p>\n<p data-sourcepos=\"29:1-29:18\"><strong>Proof-of-Layer<\/strong><\/p>\n<p data-sourcepos=\"31:1-31:289\">It consists of a coordinator that assigns proof tasks to provers and transmits the generated proofs to the Aggregation node to complete finality verification on Bitcoin. It also includes a proof pool responsible for producing validity proofs that verify the correctness of L2 transactions.<\/p>\n<h3 data-sourcepos=\"33:1-33:45\"><span class=\"ez-toc-section\" id=\"From_Bitcoin_Network_to_SatoshiVM_Network\"><\/span><span style=\"font-size: 85%;\">From Bitcoin Network to SatoshiVM Network<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-sourcepos=\"35:1-35:138\">Transactions made from Bitcoin (L1) to the SatoshiVM mainnet (L2), even if they contain no additional assets, are referred to as deposits.<\/p>\n<p data-sourcepos=\"37:1-37:243\">Deposit transactions become part of the blockchain of the first L2 block of a &#8220;epoch&#8221; corresponding to the L1 block in which the deposit transaction took place. This L2 block is typically created a few minutes after the corresponding L1 block.<\/p>\n<p data-sourcepos=\"39:1-39:24\"><strong>SatoshiVM Tokenomics<\/strong><\/p>\n<ul data-sourcepos=\"41:1-52:0\">\n<li data-sourcepos=\"41:1-41:27\"><strong>Token Name:<\/strong>\u00a0SatoshiVM<\/li>\n<li data-sourcepos=\"42:1-42:24\"><strong>Token Symbol:<\/strong>\u00a0SAVM<\/li>\n<li data-sourcepos=\"43:1-43:24\"><strong>Token Decimals:<\/strong>\u00a018<\/li>\n<li data-sourcepos=\"44:1-44:30\"><strong>Total supply:<\/strong>\u00a021,000,000<\/li>\n<li data-sourcepos=\"45:1-45:20\"><strong>Liquidity:<\/strong>\u00a030%<\/li>\n<li data-sourcepos=\"46:1-46:23\"><strong>Contributors:<\/strong>\u00a015%<\/li>\n<li data-sourcepos=\"47:1-47:20\"><strong>Bootstrap:<\/strong>\u00a015%<\/li>\n<li data-sourcepos=\"48:1-48:39\"><strong>Instant Liquidity Finance IDO:<\/strong>\u00a02%<\/li>\n<li data-sourcepos=\"49:1-49:26\"><strong>APE Terminal IDO:<\/strong>\u00a01%<\/li>\n<li data-sourcepos=\"50:1-50:30\"><strong>$MUBI Farming Pool:<\/strong>\u00a00.4%<\/li>\n<li data-sourcepos=\"51:1-52:0\"><strong>$BSSB Farming Pool:<\/strong>\u00a00.1%<\/li>\n<\/ul>\n<p data-sourcepos=\"53:1-53:44\"><strong>SatoshiVM Airdrop Possibility Evaluation<\/strong><\/p>\n<p data-sourcepos=\"55:1-55:25\"><strong>Step 1: Unisat Wallet<\/strong><\/p>\n<p data-sourcepos=\"57:1-57:201\">First, please visit\u00a0<a href=\"https:\/\/unisat.io\/\" target=\"_blank\" rel=\"noopener\"><strong>unisat.io,<\/strong>\u00a0click \u201c\u00a0Download from Chrome Store<\/a>\u00a0\u201d to download the Unisat Wallet Chrome extension, and then add it to your browser. After that, we will continue to create a new wallet.<\/p>\n<p data-sourcepos=\"57:1-57:201\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-10147 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Unisat-Wallet.jpg\" alt=\"Unisat Wallet\" width=\"470\" height=\"355\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Unisat-Wallet.jpg 355w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Unisat-Wallet-300x226.jpg 300w\" sizes=\"auto, (max-width: 470px) 100vw, 470px\" \/><\/p>\n<p data-sourcepos=\"59:1-59:124\">Now, create a password that you will use to unlock your wallet, and make sure you securely save your secret recovery phrase.<\/p>\n<p data-sourcepos=\"61:1-61:43\"><strong>Step 2: \u201cTestnet\u201d from network settings<\/strong><\/p>\n<p data-sourcepos=\"63:1-63:98\">Start by accessing the \u201cSettings\u201d menu located in the bottom right corner of the Chrome extension:<\/p>\n<p data-sourcepos=\"63:1-63:98\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-10148 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Testnet.jpg\" alt=\"Testnet\" width=\"389\" height=\"653\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Testnet.jpg 358w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Testnet-179x300.jpg 179w\" sizes=\"auto, (max-width: 389px) 100vw, 389px\" \/><\/p>\n<p data-sourcepos=\"65:1-65:67\">From there, proceed to the network settings and select \u201c\u00a0TESTNET\u00a0\u201d:<\/p>\n<p data-sourcepos=\"65:1-65:67\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-10149 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/SatoshiVM.jpg\" alt=\"SatoshiVM\" width=\"386\" height=\"643\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/SatoshiVM.jpg 356w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/SatoshiVM-180x300.jpg 180w\" sizes=\"auto, (max-width: 386px) 100vw, 386px\" \/><\/p>\n<p><strong>Step 3: Request Test Token for BTC<\/strong><\/p>\n<p data-sourcepos=\"69:1-69:195\">We will request BTC Testnet tokens. To get test BTC tokens,\u00a0<a href=\"https:\/\/bitcoinfaucet.uo1.net\/\" target=\"_blank\" rel=\"noopener\"><strong>click here.<\/strong><\/a>\u00a0You will need to paste your wallet address, set the amount to\u00a00.00008, and then click the \u201c\u00a0Send testnet bitcoins\u00a0\u201d button.<\/p>\n<p data-sourcepos=\"71:1-71:31\"><strong>Step 4: Official BTC Bridge<\/strong><\/p>\n<p data-sourcepos=\"73:1-73:66\">Go to the official BTC Bridge page by<a href=\"https:\/\/bridge.satoshivm.io\/\" target=\"_blank\" rel=\"noopener\"><strong>\u00a0clicking here.<\/strong><\/a><\/p>\n<hr \/>\n<div>\n<div>\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<p class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>SatoshiVM is a versatile ZK rollup that uses EVM for off-chain computations. This means that users can interact with SatoshiVM in a similar way to how they interact with Ethereum, and developers can build on top of SatoshiVM just like they would on Ethereum. You might like: On Chain Analysis: Sign of Evolution in Spot<\/p>\n","protected":false},"author":1,"featured_media":10145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[64,60,196,3776],"class_list":["post-10144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-airdrop","tag-btc","tag-layer-2","tag-satoshivm"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is SatoshiVM, the BTC-Burning Layer 2? Airdrop Possibility! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"SatoshiVM bridges the EVM ecosystem with Bitcoin, enabling the Bitcoin ecosystem to issue assets and develop applications.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/what-is-satoshivm-the-btc-burning-layer-2-airdrop-possibility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is SatoshiVM, the BTC-Burning Layer 2? 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