Topic: L2O - solving ordinal spam with ordinals (Read 161 times)
Wow this is really great, finally someone who has a proposed solution to this major problem, I hope it works out! I think that the concept of ordinals is very cool but I just am not a fan just like everyone else of the increase in fees on the blockchain. Great work with this! I wish you the absolute best of luck, so much of this I just don't understand, maybe I will ask Chat GPT to explain it to me ;P
Haha yep, in the works! Also partnering with some larger zk projects to help promote the standard. To help the transition, will also open source a zk rollup that supports transfers/trading/swaps/pay to zkp.
Maybe also promote it on a few telegram channels and try to get it incorporated in a few open-source wallets while you're at it.
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It is quite annoying that development and even documentation and wiki pages of bitcoin protocols is mostly a work-in-progress and quite unfinished, while the vast majority of the crypto development goes to shitty exchanges and DeFi services that don't benefit anyone except to make (more) money for their creators.
Great work.
Though I'm not sure how you'll convince 3rd parties to use this.
Maybe if you go on X/Twitter you might be able to convince some Ordinals folks to use your own technology.
Though I'm not sure how you'll convince 3rd parties to use this.
Maybe if you go on X/Twitter you might be able to convince some Ordinals folks to use your own technology.
Haha yep, in the works! Also partnering with some larger zk projects to help promote the standard. To help the transition, will also open source a zk rollup that supports transfers/trading/swaps/pay to zkp.
Great work.
Though I'm not sure how you'll convince 3rd parties to use this.
Maybe if you go on X/Twitter you might be able to convince some Ordinals folks to use your own technology.
Though I'm not sure how you'll convince 3rd parties to use this.
Maybe if you go on X/Twitter you might be able to convince some Ordinals folks to use your own technology.
Hey all, I have been thinking a lot about the issue of ordinal spam and growing demand for extending the security of bitcoin to other use cases. It seems the community is split on support for ordinals, and the only way forward is to find a solution which gets rid of the spam while letting people still play with tokens on bitcoin.
To resolve this, I propose L2Ordinals, a zero knowledge proof protocol which rolls up all the 1000s of ordinal transactions flooding the mempool into a single 300 byte proof which is verified by an indexer:
In addition to cutting down on ordinal spam, this solution still provides the same security that standard ordinal based tokens have, while also extending the security model to arbitrary computation (anything you can write in a zk circuit, ex. zkVM):
There are some implementation details left out that you can checkout at:
https://l2o.io/docs/l2o-a/operations/block
If anyone else wants to help work on the indexer/has any ideas, feel free to shoot me a DM on twitter @cmpeq.
To resolve this, I propose L2Ordinals, a zero knowledge proof protocol which rolls up all the 1000s of ordinal transactions flooding the mempool into a single 300 byte proof which is verified by an indexer:
In addition to cutting down on ordinal spam, this solution still provides the same security that standard ordinal based tokens have, while also extending the security model to arbitrary computation (anything you can write in a zk circuit, ex. zkVM):
- All token transfers are PROVED by the ZKP and VERIFIED by the indexer (just as BRC-20 tokens are verified by the indexer)
- Sequenced by Bitcoin
- To compute the current layer 2 network state, all you have to do is startup a bitcoin full node + indexer and playback all the blocks from genesis
- State transitions are verified by the indexer to ensure proper sequencing (ex. enforce end state root of last proof is the start state of next proof)
There are some implementation details left out that you can checkout at:
https://l2o.io/docs/l2o-a/operations/block
If anyone else wants to help work on the indexer/has any ideas, feel free to shoot me a DM on twitter @cmpeq.
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