Ligo Layer 2 Whitepaper
Ligo.network
  • 💻Executive Summary
  • ❓Problems of Bitcoin Network
  • 🤖Ligo Layer2 Design Philosophy
  • 🌎LIGO BTC Layer2 Architecture
    • Consensus System
    • Bitcoin L2 Contract
    • Validation System
  • 🤝Decentralized L2 based on MPC with Trusted Third Party
  • 💰BTC Layer2 Tokenomics
  • 🌊Ligo Layer2 Roadmap
  • 👮‍♂️Security Mechanisms of RPPOM
  • 📋Reference
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  1. LIGO BTC Layer2 Architecture

Bitcoin L2 Contract

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Last updated 6 months ago

For Bitcoin have better computing capability, Ligo Layer2 will support smart contract inscribed on Bitcoin by inscriptions or other methods. The smart contract is saved on Bitcoin, executed and verified in BTC Layer2's BVM, which will make Bitcoin have virtual machine to execute smart contract and computing capability like many chains such as Ethereum. Then finally the Bitcoin will have the technical infrastructure: BVM to build complex decentralized applications like DEX, DeFi, GameFi, etc. Cross-chain process example diagram:

Router Contract

The Router Contract is a smart contract that stores the metadata of all Bitcoin protocols and provides external query and verification services for BRC-20 and other protocols. The Router Contract matches a user's request to the corresponding shadow contract or Merkle Tree to complete the final query or verification. In the future, the BTC Layer2 DAO will decide whether to charge $LIGO token as a protocol fee and how to use the fee, such as distributing it to the Sequencer or burning it, etc.

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