| Roadmap🗺️ | Tokenomics📊 | Fundraising💰 | White paper📄 | Blog📰 |
|---|---|---|---|---|
No❌ | No❌ | Yes✅ | Yes✅ | Yes✅ |
TBA | TBA | $11M | "Orange Paper" | Medium |
➖ | ➖ |
Testnet phases
Nubit Alpha Testnet Phase 1: Community Assemble - Completed ✅
Phase 2: Light Node Quest - Completed ✅
Phase 3: Testnet Adventure - It will start soon ⏳
What is Nubit?
Nubit is a scalable, cost-efficient, data availability layer secured by Bitcoin for the Bitcoin community. Nubit enables the scaling of Bitcoin's data capacities, empowering applications like Ordinals, Layer 2s, and price oracles, thus broadening the scope and efficiency of the Bitcoin ecosystem. For a deeper understanding of the data availability layer, please refer to: Data Availability Layer.
Validators: These nodes operate using a consensus algorithm rooted in NubitBFT and are tasked with proposing blocks, and verifying the integrity of blocks and transactions. Nubit is proposing a new consensus mechanism designed to support an exceptionally large validator set (potentially of size 200,000), to facilitate consensus within the chain.
Full Storage Node: After receiving block data from validators, these nodes are entrusted with the reliable storage of all data. The integrity and availability of stored data are critical, especially given the risks of malicious activities such as data withholding or tampering. To mitigate these risks, Data Availability Sampling (DAS) requests from light clients are employed to verify data availability, ensuring the system’s resilience against such threats.
Light clients: obtain block headers broadcasted by validators, which include data commitments. Based on these commitments, they may randomly initiate requests to full storage nodes to verify data availability.
How Does It Work?
With Nubit, applications, and users in the Bitcoin ecosystem can enjoy a data availability layer solution secured by Bitcoin's proven security. The figure below explores the benefits of Nubit, including security inheritance from Bitcoin, trust minimization, and native alignment with Bitcoin. It presents Nubit's core innovations: consensus mechanism, and data availability, each empowered by Bitcoin:
Consensus mechanism: Nubit aims to fully inherit the security of Bitcoin, including economic security, temper resistance, and censorship resistance. It achieves this through the implementation of Bitcoin’s native staking and Bitcoin anchoring methods. Further, Nubit explores an efficient CometBFT-based consensus powered by SNARK for signature aggregation, named NubitBFT, bringing an unprecedented decentralized validator network.
Data availability: Nubit enables light clients as part of its consensus protocol, it is crucial to ensure the data integrity held by those light clients. Data Availability Sampling (DAS) is a technique that enables a participant to verify the presence of block data without needing to download the entire block. This is done by conducting multiple rounds of random sampling on small portions of the block data. Each successful sampling round increases the likelihood that the data is fully available. Once a predetermined confidence level is reached, the block data is deemed accessible. Validators, full storage nodes, and light nodes each have specific roles in ensuring data availability through their designated protocols.
Why Nubit?
Inherited Security from Bitcoin: By leveraging Bitcoin staking and anchoring methods, Nubit inherits essential security features from Bitcoin, such as economic security and censorship resistance.
High Scalability: With the new NubitBFT consensus mechanism utilizing SNARK for signature aggregation, the system supports a large number of validators, ensuring high levels of decentralization and efficiency.
Efficient Data Storage: The Data Availability Sampling (DAS) technique allows verification of data availability without the need to download entire blocks, reducing storage and processing requirements while enhancing availability and integrity.
Extended Bitcoin Capabilities: Nubit enhances Bitcoin's functionality by supporting applications like Ordinals, Layer 2 solutions, and price oracles, promoting the development of new services and applications based on Bitcoin.
Economic Efficiency: By reducing the load on the main Bitcoin blockchain and associated costs, Nubit offers a cost-effective solution for data storage, which is crucial given the increasing demand for Bitcoin inscriptions.
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