Fiamma is a unified zero-knowledge proof (ZKP) verification network that utilizes BitVM2 to enable Bitcoin to verify a wide range of applications, enhancing interoperability and trustless bridging. This technology addresses the limitations of Bitcoin's functionality by providing a robust infrastructure for decentralized finance and internet applications.
Funding
$4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
LIFounders
Product
Problem
Bitcoin's scripting language has limited functionality, hindering its ability to verify complex computations and interact with other blockchain networks. This restricts the development of decentralized finance (DeFi) and other advanced applications directly on the Bitcoin blockchain.
Solution
Fiamma is developing a zero-knowledge proof (ZKP) verification layer for Bitcoin, leveraging BitVM2 technology to enable Bitcoin to verify a broader range of applications. This allows for trustless bridging and enhanced interoperability with other chains, expanding Bitcoin's utility in decentralized finance and other internet applications. Fiamma's implementation of BitVM2 introduces optimistic on-chain ZKP verification for Bitcoin, paving the way for more robust Bitcoin-native applications. The core innovation lies in creating a highly compact ZKP verifier on Bitcoin, optimizing the verification process.
Target Audience
The primary target audience includes Bitcoin holders seeking to earn yields through ZKP verification, as well as developers building DeFi applications and seeking interoperability solutions for the Bitcoin network.
Features
- Implements BitVM2 to enable ZKP verification on the Bitcoin blockchain.
- Provides optimistic on-chain ZKP verification.
- Offers a trustless bridge for Bitcoin.
- Facilitates interoperability between Bitcoin and other blockchain networks.
- Developed a compact ZKP verifier, reducing the size from 7GB to 1.3GB for Groth16.
- Supports the creation of Bitcoin-native decentralized applications.