What is LayerEdge and How Does It Work?

Bittime - Various solutions have been developed to increase the efficiency of Bitcoin transactions, one of which is LayerEdge. So, what is LayerEdge? Keep following this article to find out the explanation!

With its Zero-Knowledge Proofs (ZK) and BitVM based approach, LayerEdge brings a revolution in faster, cheaper and more secure transaction verification. Let's discuss this platform in more depth.

What is LayerEdge?

Source: LayerEdge

LayerEdge is a decentralized network designed to improve the efficiency of transaction processing and verification on the Bitcoin network. This platform uses BitVM technology for minimal trust-based verification and proof aggregation. 

With BitVM, LayerEdge enables blockchains and rollups to complete transactions in Bitcoin at much lower costs, namely up to 1% of what would normally be required.

LayerEdge's main mission is to create a Bitcoin-based internet that can be used by all layers, blockchains, rollups, and applications. LayerEdge acts as a verification layer that combines proof of transactions to enable more cost-effective and efficient settlement.

Read also: Uncovering the Advantages of OTC Trading for Institutional Traders

LayerEdge Key Features and How They Work

Jnetwork This decentralized system has several main features to improve Bitcoin transactions. So, what are the main features and how do they work? The following is the explanation:

1. Evidence Verification and Aggregation (Proof Aggregation & Verification)

• LayerEdge enables transaction proof aggregation thereby reducing verification costs by up to 99%.

• Ensures transactions can be processed faster without burdening the Bitcoin network.

2. Universal Validator Set (UVS)

• A universal validator system that helps ensure transaction security with more efficient costs.

• Improving interoperability between blockchain networks with Bitcoin as the settlement layer.

3. Light Clients untuk Proof Sampling

• Allows users to run lightweight nodes to help verify transactions without the need for advanced hardware.

• Lowering the barrier to entry for new users who want to contribute to network security.

Benefits and Uses of LayerEdge

Source: Airdrop Alert

After knowing how it works and its main features, you also need to know about the benefits of this network. The following are some of the benefits of LayerEdge:

• Cost Efficiency: Reduce settlement costs at Layer 1 Bitcoin by up to 95%.

• High Security: Leveraging Bitcoin's Proof-of-Work (PoW) for transaction security without the need for direct execution on the main network.

• Interoperability: Supports various blockchain protocols and rollups to take advantage of Bitcoin's security.

• Wide Applicability: Can be used in various sectors such as DeFi, gaming, IoT, AI, and supply chain management.

Read also: 5 Tips for Choosing a Safe and Trusted OTC USDT Provider

LayerEdge Airdrop Details 

LayerEdge is currently holding an incentive testnet program where participants can earn EDGE Points by running light nodes and verifying proof of transactions. This program takes place in several phases:

• Phase 1: January 22 - January 28 2025
• Phase 2: Starting January 28, 2025

Participants get 1 point per second as long as their node is active, as well as additional points from daily check-ins and tasks within the LayerEdge ecosystem.

How to Participate in the LayerEdge Airdrop

After knowing the definition and details of the airdrop, are you interested in joining this airdrop program? If yes, here is the tutorial:

1. Visit the official LayerEdge dashboard.

2. Connect an EVM-compatible wallet (like MetaMask or Rabby).

3. Complete the verification process.

4. Click the "Start Node" button to start running light node.

5. Keep the browser tab open to continue collecting points.

6. Claim daily bonus points via the "Claim Reward" tab.

How to Maximize LayerEdge Rewards

After knowing how to participate, you also have to know how to maximize the rewards. The following is the explanation:

• Make sure the node runs continuously to get maximum points.

• Do a daily check-in to get additional bonuses.

• Use a separate browser window so that the node does not close accidentally.

• Monitor points on the dashboard to ensure optimal participation.

• Follow the official community on Telegram to get updates and additional opportunities.

Read also: How to Claim PAWS Airdrop to Get Free Coins

Conclusion

LayerEdge offers an innovative solution to overcome Bitcoin's scalability limitations in a secure, efficient, and cost-effective manner. 

By leveraging ZK Proofs and BitVM, LayerEdge enables faster transactions with low fees without compromising Bitcoin security. 

Coupled with an incentive airdrop program, users have the opportunity to participate in the network from the start and earn rewards. So, interested in the LayerEdge airdrop?

FAQ

1. What is LayerEdge?

LayerEdge is a verification layer built on top of Bitcoin's Proof-of-Work (PoW) security. LayerEdge combines and verifies the zero-knowledge (zk) proofs of various decentralized protocols, allowing them to inherit Bitcoin's security. 

2. How Does LayerEdge Work?

LayerEdge operates as a verification layer for zk-proofs by using aggregation to reduce costs. Proofs from various zk protocols are collected and verified, thereby reducing the computational burden as well as on-chain costs. 

3. Is LayerEdge Bitcoin's Layer 2 (L2)?

No, LayerEdge is not an L2 solution. Although LayerEdge completes transactions in Bitcoin, it does not generate blocks or manage transactions directly. 

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference 

airdrop.io, LayerEdge, accessed February 25, 2025.

Cryptorank, LayerEdge, accessed February 25, 2025.

LayerEdge, Introduction To LayerEdge, accessed February 25, 2025.

Author: Y