In mid-2025, the Fairgate team ran the numbers on the Lightning Network as an agentic payment rail: transaction costs, locked collateral, routing complexity, payment success rates, mass-exit safety. The conclusion was hard to accept. Lightning, for all its contributions to Bitcoin, couldn't economically compete with centralized rails like Base or Tempo for machine-to-machine commerce at scale. So the choice became binary: let centralized companies own the agentic economy, or build Bitcoin a new Layer 2 from first principles. That's where Bit2 started. The full history can be found here: fairgate.io/post/56-the-hist…

LIVE NOW: @SDLerner and @stonychambers join @jakefentonBTC on BFC LIVE! nitter.net/i/broadcasts/1qxvveOWB…

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“Without a time-delay lock, a single validation bug and a total loss become the exact same event, because funds move the moment software says ‘yes.’” @RootstockLabs Co-founder and Scientific Advisor @SDLerner spoke to @cryptodotnews about why time-delay locks matter for Bitcoin bridge security, and how @rootstock_io's PowHSMs use a 4,000-block (~36 hour) delay before signing a peg-out. Time can be a security control. crypto.news/bitcoin-time-del…

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A very clear explanation of Rootstock's time delay lock...

Some headlines (in Spanish) have described the depletion of (confirmed) UTXOs in Rootstock as a “bank run.” That’s false. Don’t fall for it. Rootstock continues operating normally. This is a temporary UTXO-management issue caused by the way the PowPeg processes peg-outs. Small peg-ins will create additional UTXOs, enabling more peg-outs to be processed in parallel and restoring normal processing times. New UTXOs are already being created. I estimate that everything will be back to normal within approximately 10 hours. If anything, its proof the peg is operating as expected and I anticipate the unmatched security of Rootstock will drive more users to it.

Over the past few days, many users have attempted to withdraw their funds from Rootstock simultaneously, temporarily exhausting the bridge’s inventory of UTXOs. I believe this was driven by concerns following the recent Liquid Network incident. As a result, every peg-out, regardless of size, now returns nearly all remaining peg funds as change. This delays subsequent peg-outs because that change must wait for 100 Bitcoin confirmations before it can be spent again. We currently estimate that peg-outs will take between 36 and 46 hours. We will look for parties willing to make multiple small peg-ins, creating additional UTXOs and helping restore normal processing times. Importantly, a single peg-out transaction can batch many user requests, so the delay does not accumulate with each additional peg-out. It remains capped at 46 hours.

Rootstock Powpeg dashboard monitors peg-outs while they are in the 36-hour time delay lock period.

Nobody cares about sidechain security until AI hacks the nukes and wipes out humanity. Same old story, galaxy after galaxy. 😁

“Time-delayed Lock. Under the assumption that most existent Bitcoin ASICs are online, proof of work is actually proof of time elapsed. Not only PowHSMs validate consensus, the cumulative work required by the PowHSM also works as a forced time delay for any attack, same as most secure banking vaults.”   medium.com/rootstock-tech-bl…

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Happy Friday everyone! Take a look at the latest in the Bitcoin programability and scalability scene, all compiled in our Computing on Bitcoin News update. Read it here 👇 fairgate.io/newsletter/compu…

84% of Bitcoin’s hashrate is now helping secure Rootstock through merged mining. In Q2 2026: • 809.63 EH/s average Rootstock hashrate • 93.73% merged mining adoption across observed pools • @FoundryServices, @AntPoolofficial and @f2pool led contributions The latest Rootstock Merged Mining Insights Report breaks down the numbers behind Rootstock’s security, miner participation and network resilience. Full Q2 report 👇 rootstock.io/blog/rootstock-…

I've been made aware of a publicly available report concerning @SovrynBTC and certain individuals associated with it. I have not independently verified it and am not asserting that the allegations are true. Given the seriousness of the allegations described in the report, anyone using or considering using Sovryn may wish to review the publicly available material, conduct their own due diligence, and exercise appropriate caution.