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Nubit

Category: Data availability

Light Mode Disabled

Overview

Total XP Rewards

100

Estimated Rewards

$10M

Funding

$12M

Current Stage

Season 3

Total value locked

-

Unique Users

-

Chains

chain image

Phase

Testnet

Structure

Points based

Gas

No

Grade

B

Tasks

0/4

TGE

Q1-2025

Type

Infrastructure

Confirmed

Yes

Date

9 months ago

Introduction

  • 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. 

Tasks

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Fundamentals

  • Bitcoin-Based Security: Nubit inherits Bitcoin's security features, including economic security, tamper resistance, and censorship resistance, by using Bitcoin staking and anchoring methods.
  • Scalable Network Architecture: Nubit scales its network through Data Availability Sampling (DAS), which involves Full Storage Nodes and Light Clients.
  • Efficient Data Verification: Full Storage Nodes store and send data to Light Clients, which only need block headers and partial data to verify data availability, making them user-friendly for ordinary users.

Three types of nodes participate in DAS:

  • Validator: Validators are responsible for running the sampling protocol within the validator set. A validator will sign the block header only if the output of the sampling protocol is successful, thereby ensuring the data’s availability within the validator group.
  • Full Storage Node: Once a block is finalized, full storage nodes take on the entire block by employing the decoding protocol with the validator set. These nodes then respond to chunk requests from light clients.
  • Light Client: Light clients obtain the block header from a validator and engage in the sampling protocol with a full storage node. If the protocol is successful after sufficient sampling, the block is considered available, and the full storage node’s reputation is enhanced.

Potential Rewards

  • 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.
  • Nubit enables light clients as part of its consensus protocol, it is crucial to ensure the data integrity held by those light clients.
  • Nubit Alpha Testnet is live: Join on this exciting journey and unlock amazing rewards.

Currently 2 phases are live

  • Phase 1 Community Assemble
  • Phase 2 Light Node Quest
  • Phase 3 Testnet Adventure: Coming soon

Investors

  • Polychain
  • OKX Ventures
  • Nomad Capital

Features

  • Nubit’s security model is founded on a set of critical assumptions, each playing a vital role in maintaining the network’s integrity and functionality:
  • Honest Validators: Network integrity relies on a majority of validators being honest, ensuring reliable bridge operations and block validity.
  • Effective Data Availability Sampling (DAS): Light clients and Full Nodes use DAS to maintain data accessibility for validation, even though light clients don't store all data.
  • 1-to-N Full Node Security Model: Bitcoin anchoring reduces withdrawal times to less than four hours and adds security checkpoints for enhanced protection.
  • Formal Verification: The Nubit team and external auditors will use formal verification to rigorously assess the security of critical infrastructure like the bridge and consensus algorithm.

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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