nexio
@buildnexio
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The First Parallelized Bitcoin Rollup
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Pinned Tweet
We are excited to announce a $2.2M pre-seed round, led by Lattice
Nexio is a parallelized Bitcoin rollup powered by the MoveVM. 🧵👇
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🔔 Introducing Nexio’s Community Program🔔
Everyone has a unique set of talents and skills.
Whether you enjoy chatting, building, creating memes, or writing in-depth threads and articles, there’s a place for you in our community.
To ensure everyone can contribute their
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Introducing Nexio: A Parallelized Bitcoin Rollup
We're creating a high-throughput, low-cost DeFi environment using the most secure smart contract language on the most secure blockchain.
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Nexio uses parallel transaction processing to overcome bottlenecks in traditional sequential blockchain models. This is crucial for improving Bitcoin's throughput and reducing fees.
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A massive thank you for 69k!
Here's to more fun, more memes, and frosty fridges all powered by bitcoin.
420k next?
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Mascot Contest Alert!
Design an original fridge-themed mascot for Nexio!
Guidelines: Unique characters only
🔸Submit your designs in our mascot channel on Discord.
Prizes: 1st, 2nd, and 3rd place winners will receive special roles, rewards & merch.
Deadline: September 6
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Bitcoin 🤝 Mobile Infrastructure
We're thrilled to announce our strategic partnership with
@upnetworkhq
Up Network is building a Decentralized Mobile Infrastructure Network (DeMIN) with the world's most powerful Web3 smartphone: Up Mobile.
Stay tuned for more updates on our
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1/6 Nexio's Vision: We're crafting a high-throughput, low-cost DeFi environment on Bitcoin, using the most secure smart contract language.
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Join us for a Founders’ AMA
When: September 5th
Time: 9:45 AM EST / 1:45 PM UTC
Get your questions ready! We'll dive into the latest updates and future plans.
Where? → Discord
See you there!
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SPEED✅
MODULARITY ✅
INTEROP ✅
SECURITY ✅
CUSTOMIZATION ✅
WE LOVE OUR FRENS AT MOVEMENT🤝
GMOVE 🦍
Gmove to Rollup Week day 4!
Meet
@buildnexio
, a parallelized Bitcoin L2 using a Movement rollup.
Bitcoin🤝 30K+ TPS
Bitcoin security 🤝 Move security
A Movement rollup also gives Nexio (and Bitcoin) better:
⚡Modularity
⚡Interop
⚡Customization
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Want to hear all about Nexio?
Join
@chazzgordon99
&
@wasjakehere
for a Founders' AMA .
📅 Date: Thursday, August 15
⏰ Time: 10:45 AM EST / 2:45 PM UTC
📍 Where: Discord (link in bio)
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Our community is growing stronger every day!
With over 30k followers on X and 30k members in our Discord, we're only just beginning this incredible journey.
A huge thank you to all the people who are building, innovating, and thriving with us.
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I guess stealth mode has been terminated...
Stay tuned.
GMOVE
@buildnexio
probably gonna get in trouble for leaking but why not
movement ecosystem is coming for everything.
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Hey laser eyes!
Welcome to your NEX Fam!
Bring your skills, your passions, and your wild ideas.
Bring that degen culture, bring that energy.
We’ve got roles, rewards, and a whole lot of fun waiting for you.
Our Discord is live
Join your NEX fam 👇
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🎉 350k+ of you legends have participated on our
@Galxe
! 🎉
Can't thank you all enough for building with us. This journey's been wild, and it's about to get even wilder🍻
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It's only been a few days and the Nexio family is growing rapidly
Thanks for all the support, we are very excited to be building with all of you
There are only 2 days left to get your unique week 1 role in our Discord
Join Now (link in bio)
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Let's dive into how the Move programming language is revolutionizing Bitcoin through Nexio and why it's a game-changer. 🧵👇
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Your NEX FAM has been cookin’ 🍳
Creating memes, threads, stickers, gifs, songs, and so much more.
We would like to say thank you to our unbelievable community!
Every day we have more people joining the fam.
Check out what some of the fam has been cookin’ 🧵👇
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GMOVE LEGENDS!
IT IS GO TIME!
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We are here for the community and building with the community. If you have any questions or ideas, we are all ears. Please visit the links in our bio to join your Nex family.
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Learn more about our raise here:
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We will bring bitcoin liquidity to high-throughput applications.
📼 roll the tapes
an inside look on what it means for
@movementlabsxyz
to tap into the AggLayer, with
@rushimanche
and
@NTBro
:
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We are grateful to those who share and invested in our vision
@lattice_fund
@Ventures_HTX
@artichokecap
@Morningstar_vc
@ShardingCapital
@snzholding
@Sats_ventures
@Wise3Ventures
@vvvdotnet
@FatCatsGroup
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The funding will support our mission to bring Facebook's Move Virtual Machine to Bitcoin, addressing smart contract vulnerabilities in EVM-based scaling solutions and multisig bridge designs while lowering transaction costs and enhancing transaction throughput.
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Thank you to our angels!
@djchaudhry_
@rushimanche
@PaulTaylorVC
@santiagoroel
@comfycapital_
@1paulkim
@R89Capital
@DegenTW_
@JWestJest
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We're creating a high-throughput, low-cost DeFi environment using the most secure programming language on the most secure blockchain.
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With Nexio, we enable over 30k TPS and gas is <$0.01, making it highly cost-effective for high-frequency applications such as derivatives, and robust infrastructure projects.
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Utilizing the Movement SDK, Nexio makes it easy for developers to build on Bitcoin using Aptos Move, Sui Move, and Solidity. This integration supports a user-friendly development environment with localized fee markets. Over 95% of crypto developers can now develop on Bitcoin.
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Learn more about Nexio:
Introducing Nexio: A Parallelized Bitcoin Rollup
We're creating a high-throughput, low-cost DeFi environment using the most secure smart contract language on the most secure blockchain.
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Utilizing the Movement SDK, Nexio makes it easy for developers to build on Bitcoin using Aptos Move, Sui Move, and Solidity. Developers can also leverage existing IBC infrastructure into their applications on Nexio. This integration supports a user-friendly development
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When Ordinals was released, the degen culture was electric. But since those glorious days last year, the degen culture has been diluted. Too many voices, too many "supposed solutions," yet not enough usable products and applications that are secure, cheap, and easy to use. Who
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It's time for the degens to take back control for Bitcoin Season 2! I know many of you have been secretly trading on other chains because there's nothing exciting to do here. We're bringing the degen culture and development back to Bitcoin so we don't need to go to other chains
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There's no fast, easy, cheap, and efficient way to use Bitcoin. As users shift from ETH to Solana to avoid high gas fees and latency, Bitcoin scaling solutions must be cheap, fast, and secure. Current solutions are boring—why stay on Bitcoin when other chains offer a more
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Over the years, buying and selling Bitcoin has become easier worldwide, yet using it remains a challenge. Lightning is an option, but without relying on custodial solutions, it becomes too complex for the average user.
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Nexio prioritizes your security. Instead of using a multi-sig design for our bridge, we employ a Multi-Party Computation and Threshold Signature Scheme. This ensures that no single entity can control the private key entirely.
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With Nexio, we enable over 30k TPS and gas is <$0.01. This ensures high-frequency advanced applications and infrastructure projects such as decentralized cellular networks, and user-friendly payment networks can be built on Bitcoin.
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As blockchain tech integrates with broader financial sectors, the need for secure coding intensifies. Nexio paves the way for safer, institutional-grade blockchain applications. Choosing Move over legacy systems like Solidity is like betting on Netflix over Blockbuster.
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The withdrawal process ensures that users can retrieve their BTC from Nexio back to the Bitcoin network securely and efficiently.
1. Initiation of Withdrawal: A user initiates a withdrawal request on Nexio, specifying the amount of BTC they wish to withdraw.
2. Verification of
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Solidity is not intuitive, particularly in models where ownership is critical. By leveraging MoveVM, Nexio ensures unmatched asset security. Resource-oriented programming, bytecode verification, and static type systems prevent vulnerabilities like reentrancy attacks, securing
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6/6 A Transformative Leap for Bitcoin
Parallel execution within the Bitcoin network represents a shift that enhances scalability, security, and efficiency.
With Nexio’s parallelization approach, Bitcoin can embrace a future where transactions are processed at high speed, fees
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Peg-Out Continued...
4. UTXO Proof Verification: The Bitcoin network verifies the UTXO proof to ensure the transaction's legitimacy. The verification process is secured by the decentralized nature of the MPC TSS network, which prevents any single entity from controlling the
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Through Nexio, Move facilitates swift, secure, and cost-efficient BTC transactions across Bitcoin layers. It feels like every day there's another hack for a few million—why are we settling for this? With frequent hacks in the industry, Move ensures deploying secure apps isn't
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By leveraging the Movement SDK, Nexio maximizes the developer experience, enabling developers from different ecosystems—whether they're familiar with Aptos Move, Sui Move, or Solidity—to build seamlessly on Bitcoin. This broad compatibility fosters a more inclusive and innovative
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We're going to bring that degen culture back to Bitcoin. Remember the good old days when we used to play Satoshi Dice? Why should you need to go to base and blast when we can just be using Bitcoin?
Let's bring that energy back. Let's bring the fun back. Let's bring the degen
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Move tackles common vulnerabilities, ensuring single, definitive ownership of digital assets. While Ethereum's Solidity enables complex functionalities, it has its flaws. Move offers a tighter, more secure framework for managing digital assets.
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Move’s modularity and expressiveness streamline development and enhance code reuse. Custom transactions support sophisticated contracts for diverse blockchain functions, crafting secure, manageable, and intricate digital asset transactions.
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Move is crucial for Nexio and Bitcoin due to its support for formal verification, customizable logic, and asset types. It allows developers to define unique resources and build complex transactions, supporting the demanding performance needs of blockchain environments.
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Move, originally developed by Facebook, ensures smart contracts are safe and predictable, addressing vulnerabilities in other ecosystems. Its resource-oriented programming treats each digital asset as an individual resource, preventing unauthorized access.
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5/6 The Movement SDK & Block-STM:
By leveraging the Movement SDK, Nexio inherits Block-STM, which optimizes concurrency control for blockchain transactions.
- Optimistic Concurrency: Transactions run in parallel, validated afterward.
- Multi-Version Data: Keeps track of
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Move’s flexibility and safety with objects allow assets to be embedded, transferred, and interacted with in complex ways. Bytecode verification ensures code adheres to safety rules pre-deployment, and formal verification provides mathematical proofs for code reliability.
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Parallelization allows us to process over 30,000 transactions per second (TPS) with transaction fees below $0.01. Additionally, each application has its own localized fee market, meaning one application's gas fees will not affect another dapp's fees.
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🎼I wrote a song for Nexio
🔸Nexio
@buildnexio
是一个 使用Movement rollup
@movementlabsxyz
的并行化比特币 L2
🔸他们正在最安全的区块链上使用最安全的智能合约语言创建高吞吐量、低成本的 DeFi 环境
💡同时他们开启了银河任务
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2/6 The Bitcoin Bottleneck: Bitcoin lacks a scalable way to facilitate everyday transactions. Nexio changes that by providing the infrastructure needed to spend Bitcoin efficiently.
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@eli5_defi
@hyperlendx
@Spiko_finance
@dgnETH_
@usualmoney
@StoryProtocol
@JoinLegend
@merkl_xyz
@iofinnet
@arbusai
Thank you so much for your support!
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3/6 The Single-Lane Problem: Bitcoin processes transactions one-by-one, like a single-lane highway.
This leads to:
- Limited throughput
- Network congestion
- High fees during peak times
Imagine Bitcoin as a single-lane road during rush hour.
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Minting Process
Once the proof is verified and stored, the equivalent amount of BTC is minted on Nexio. This newly minted BTC represents the locked BTC in the Nexio ecosystem, allowing it to be used within Nexio for various operations, including smart contracts and dApps.
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Here's a breakdown of our technical architecture
- First is our 2-way peg Trust-Minimized Bitcoin Bridge with Multi-Party Computation (MPC TSS). This mechanism ensures that no single entity has complete control over the private keys, thus decentralizing the control and
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Once again thanks to the best community we are growing fast and this is just the beginning.
If you want to join the fam go to the links in our bio.
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Throughout this process, the full node plays a role in maintaining a copy of the ledger and may also participate in the verification of DA and the correctness of transactions. This lifecycle ensures that transactions on Nexio are processed efficiently and securely, with the
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Sequencing: A sequencer picks up transactions from the mempool, ordering them into blocks. This sequence is validated through a network-wide consensus mechanism. This validates and agrees upon the proper sequence of the transactions compiled by the sequencer. This ensures that
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zkProof Verifier: A ZK Proof Verifier network exists to verify the proofs submitted by the Prover Marketplace. This verifier checks the validity of the proofs to ensure that only legitimate transaction data is accepted and inscribed onto the Bitcoin blockchain.
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Prover Marketplace: The Prover Marketplace consists of nodes that generate zkProofs for the transactions in the blocks. These zkProofs allow the validity of transactions to be verified without revealing any transaction-specific data.
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Memory Pool: The initiated transaction enters the mempool. This is a holding area for transactions before they are picked up by the sequencer. The mempool ensures that transactions are stored and ready to be included in the next block.
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4/6 Parallelization: The Superhighway Solution
- Increased Throughput: Process multiple transactions at once, like opening multiple lanes on a highway.
- Reduced Latency: Quicker confirmations as transactions don't wait in line.
- Localized Fee Markets: Dynamic gas pricing
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Is NEXIO just another BTC L2?
@rushimanche
finally let out the cat 👀
👉
@buildnexio
will be providing high throughput at very low cost, considering bitcoin is generally slow and expensive this is a big deal, users would be able to perform transactions for as low as $<0.01 👀
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Final Settlement: Verified transactions via zkProofs are finalized and settled on Bitcoin L1 through a taproot transaction, ensuring the state of L2 txn is verifiable and immutable.
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Deposit Process
1. User Deposit: When a user deposits BTC into the Nexio bridge, the BTC gets locked in the MPC TSS network-owned vault. The vault is secured by multiple parties, ensuring that no single participant can unilaterally access or move the funds.
2. Proof Generation:
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Data Availability Service: The blocks are submitted to the DA, which is responsible for ensuring that the transaction data is publicly and readily available. This step is crucial for allowing full nodes to reconstruct the L2 ledger's state and for enabling the Prover Marketplace
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A key component of Nexio is the BTC Transaction Relayer. It continuously monitors Bitcoin for UTXOs directed to Nexio-related addresses. Upon detecting relevant transactions, it validates and processes them against Nexio’s security protocols. The Relayer then updates the
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What does the translation lifecycle look like?
- Transaction Initiation: Users initiate transactions through a native client interface connected to Nexio.
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Block Formation: Once the transactions are ordered, they are compiled into blocks. These blocks represent a batch of transactions that have been sequenced and are ready for the next stages in the transaction lifecycle.
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Verification and Data Storage
1. Verification Layer: The generated proof is sent to the verification layer, which uses the MPC TSS network to ensure the proof's accuracy and authenticity. This layer acts as a decentralized verifier network, leveraging MPC to validate the
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@YashasEdu
@rushimanche
Appreciate the kind words and your support.
Will send you a dm in a few.
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🚨Movement Alpha Alert🚨
Gmove! Introducing Nexio, the first Parallelized Bitcoin Rollup launching on Movement! What does this mean?
🧵👇
*Nexio is still less than 1900 members in their Discord and giving out an early OG role which is ENDING TODAY so share this far and wide!
👉
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Introducing
@buildnexio
:
A parallelized Bitcoin rollup offering high-throughput, low-cost DeFi with secure smart contracts.
Nexio enables over 30k TPS with <$0.01 gas fees, fostering advanced applications on Bitcoin.
Utilizing MoveVM and MPC/Threshold Signatures, Nexio
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