Enhancing transparency and verifiability, Bitcoin Heartbeat by BVM provides a unique, real-time look into Bitcoin’s L2 and L3 roll-up projects.
Bitcoin Heartbeat, an analytics and research platform, has been established by Bitcoin Virtual Machine (BVM), a rollup-as-a-service provider of cryptocurrency.
With an emphasis on roll-up scaling solutions for Bitcoin BTC$60,753, the new platform provides transparent and verifiable real-time data on roll-up initiatives related to Bitcoin layer 2 (L2) and layer 3 (L3).
A news release states that the goal of Bitcoin Heartbeat is to allow users to monitor and comprehend “the evolving Bitcoin ecosystem.”
The BVM team clarified that Bitcoin has “the brand for mass consumption,” and its applicability as more than just a store of value is “limited.”
“We don’t see DApps on Bitcoin like on Ethereum, Solana, etc. […] largely due to technical constraints. Bitcoin needs rollups with fast speed and low tx fees to power Bitcoin consumer apps that use BTC.”
Community-focused approach to Bitcoin
According to the press release, the new platform aims to close the gap between analysts and the general community when assessing the efficacy of roll-up solutions.
“Many talented teams have been working on scaling Bitcoin, but it can be challenging for analysts and outsiders to evaluate the effectiveness and real-time operations of these solutions.”
To assist users in assessing the “activity and performance” of L2 and L3 roll-up solutions on the Bitcoin network, Bitcoin Heartbeat will concentrate on “liveness metrics.”
Elements of transparency and verifiability
According to the press announcement, project websites can be explored, and users of the new analytics and research platform can block explorers straight from the dashboard.
The BVM team’s lead developer, “3700,” said that the team’s “contribution to the collective effort of scaling Bitcoin” is Bitcoin Heartbeat.
“The more readily available and verifiable this data is, the better we can understand the progress we’re making collectively in scaling Bitcoin.”
“No-code” blockchain deployment with BVM Studio
The developers of Bitcoin Heartbeat unveiled BVM Studio, a new tool that makes blockchain more approachable by streamlining blockchain deployment with a no-code solution, on July 17.
The tool offers an interface for a visual programming editor reminiscent of Lego construction pieces. It enables users to create custom blockchains without knowing how to code by simply dragging and dropping blocks.
Even though “it may not offer the same depth of customization as fully custom-coded solutions,” the BVM team said that it constantly adds new modules and choices to increase versatility.
