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Showing posts with the label #scalability

LayerEdge Unveils Testnet for HMDA, Modular Timestamping Protocol on Bitcoin

Bitcoin Takes the Lead in Timestamping with LayerEdge's HMDA Testnet Bitcoin (BTC) has always been at the forefront of technological advancements in blockchain. With the launch of LayerEdge's HMDA testnet, Bitcoin continues to set the standard for secure and efficient timestamping. This new protocol allows for verifiable timestamping on Bitcoin, providing a trusted source of truth for rollups and PoS-based chains. What is LayerEdge's HMDA Testnet? LayerEdge's HMDA testnet is a groundbreaking protocol that leverages Bitcoin's robust security and efficiency to enable secure and verifiable timestamping. This means that data can be timestamped on the Bitcoin blockchain, providing a tamper-proof and trusted source of truth for various applications and use cases. How Does HMDA Work? HMDA stands for Hierarchical Merkle Distributed Accumulator and is a data structure that allows for efficient and secure accumulation of data on the Bitcoin blockchain. It uses a tec...