Great listen.
@alexeiZamyatin - A Computer Science PhD in Distributed Systems turned entrepreneur, with extensive early crypto research and partnerships. Roots in the right places.
Reminds me of a young @muneeb.
BITCOIN RAILS EPISODE #19: Cracking The Bitcoin Bridging Problem | with Alexei Zamayatin @alexeiZamyatin
@build_on_bob was one of the first Bitcoin L2s to hit the scene after Ordinals made Bitcoin an investable âutilityâ category and @robin_linus BitVM paper took the Bitcoin developer world by storm.
Shortly after the publication of BitVM, BOB founder @alexeiZamyatin pivoted sharply into Bitcoin L2s after having previously âgiven upâ on the idea that Bitcoin could integrate trustless bridges of any kind.
âMy entire PhD thesis was focused on building trustless bridges for Bitcoin⊠our conclusion was that trustless bridging was impossibleâ âŠuntil BitVM came along.
After meeting BitVM author @robin_linus on @TheOrdinalShow (fun fact!) and falling down the BitVM rabbit hole, Alexei eventually became co-author of the BitVM2 paper, helping optimize original ideas of BitVM for trust-minimized bridging.
In this episode, Alexei and I chat about:
The history of developing bridges for scalingâstarting with Adam Backâs introduction of sidechains, to early âroll upâ models like commit chains, and other early architecture.
Why building trustless bridges in any ecosystem was widely considered impossible - and which âpractical solutionsâ academics were focused on before BitVM.
How BitVM2 optimizes BitVM for bridgingâand the âelectricâ developer culture that spawned the current Layer 2 landscape in Bitcoin.
Why BOB takes a different approach to scaling than other BitVM-style projectsâand why itâs âhybridâ model may be most realistic for scaling.
Additional shout outs in the episode to: @TO @SuperTestnet @JeremyRubin @robin_linus
As always, you can watch this episode on YouTube or Spotifyâlinktree in my bio + full episode in the comments.
This episode is powered by Best In Slotâthe leading API for Ordinals and BRC20 data aggregation and indexing.
TIMESTAMPS:
1:50 How did BOB come to be?
4:28 How early was the âBitcoin L2â conversation?
5:45 The problem with merged mining
11:40 Alexeiâs growing interest in Bitcoin DeFi
13:17 Never a fan of lightning
15:00 The Blocksize Wars begin
17:00 Academic early research on âdistributed systems.â
19:40 Bitcoinâs âdark ageâ after SegWit
20:30 Alexeiâs super early work on âtrustlessâ bridging
22:10 Alexeiâs PHD: Trustless bridging is impossible
25:00 Pre BitVM bridging solutions
28:40 Alexeiâs work on Polkadot and intro to ZKPs
32:50 Ethereum is hard to verify
34:35 Starting work on BOB
38:50 The Hybrid Consensus: Merged Mining and Ethereum Rollups
42:25 How BitVM derailed Alexeiâs plans
47:00 Working with Robin Linus on a ZK bridge
49:35 SNARKs vs STARKs
50:35 The limitation of BitVM, how weâve improved it
52:30 BitVM: Making challenging proofs permissionless
55:50 The challenge / response game of BitVM
59:55 BitVM2: Splitting programs to fit into Bitcoin blocks
01:03:00 Competition in the BitVM design space
01:05:00 Focusing on BOB, leaving BitVM to Fiamma
01:07:00 BOB is an âinteroperable execution environmentâ
01:09:00 Build in isolation; get liquidity fragmentation
01:10:30 Is BOB the most secure Bitcoin L2?
01:13:05 How BitVM makes Babylon staking more secure
01:17:50 âTrust minimization dick measuringâ
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