Chakra is thrilled to announce a strategic collaboration with Nubit to enhance the Bitcoin ecosystem with modularity.
Nubit, the Bitcoin-native data availability layer, combines KZG commitments with two-dimensional Reed-Solomon erasure codes to achieve efficient data availability commitments. By replacing traditional fraud proofs with KZG commitment-based validity proofs, the retrieval speeds for light nodes are increased by a hundredfold, effectively enhancing the scalability of Bitcoin's second layer. The high-performance PoS protocol and Babylon's economic security enable Nubit to maintain Bitcoin's decentralization, censorship resistance, and security.
Chakra aims to address settlement challenges, unleashing the immense value of Bitcoin across all crypto ecosystems. As the first universal modular settlement layer, Chakra enables all Layer 2 solutions to concentrate on execution while bypassing the intricate complexities and challenges involved in constructing BTC settlement infrastructure.
Chakra and Nubit share a common vision of constructing a flexible and accessible modular stack for Bitcoin. The combination of Chakra and Nubit provides a convenient solution for Bitcoin Layer 2 builders, ensuring security, liquidity, and scalability. On one hand, Nubit provides a highly efficient and scalable data availability infrastructure for Layer 2 solutions; on the other hand, Chakra offers shared settlement services for Layer 2 solutions, fully unleashing Bitcoin's liquidity.
This strategic partnership between Chakra and Nubit represents a significant milestone in the evolution of Bitcoin's ecosystem. Together, Chakra and Nubit empower all Layer2 solutions to leverage Bitcoin’s full potential in a modular and efficient manner.
About Nubit
Founded by UCSB professor Yu Feng, Nubit leverages Bitcoin’s economic security to create a highly secure and scalable data availability layer. With substantial funding, including a major seed round led by Polychain Capital, and the integration of Zero-Knowledge technology, Nubit advances blockchain scalability to support unlimited applications in AI, SocialFi, and GameFi, etc. Nubit’s innovative solutions unlock new possibilities across various sectors, ensuring unparalleled trust and reliability. As a leader in Bitcoin Season 2, Nubit has integrated its technology with major industry players and extends support to leading Layer 2 frameworks.
About Chakra
Chakra Network is the first modular settlement layer designed to unlock Bitcoin's liquidity across diverse blockchain ecosystems. Chakra offers a high-performance and parallelized modular settlement solution for efficient liquidity flow across Layer 2’s, AppChains, and native BTC assets.
Chakra Network provides a shared settlement layer that enhances Bitcoin's integration into the broader blockchain landscape, enabling other BTC Layer 2 solutions to focus on execution without the complexities of building settlement infrastructure. This innovative approach unlocks interconnected liquidity and economic security, fostering a dynamic and vibrant ecosystem.
Layer 2 solutions and decentralized applications (DApps) benefit from Chakra's robust liquidity network effects, ensuring secure and scalable transaction processing. Chakra Network empowers Bitcoin ecosystem participants with the tools needed to drive growth and innovation within a secure, scalable, and interoperable framework.