AILayer
  • AILAYER OVERVIEW
    • Overview
  • AILAYER INTRODUCTION
    • Architecture Description
    • Key Technical Highlights
    • Secured Deposits And Withdrawals
    • System Architecture
    • Business Model
    • AILayer Tokenomics
    • Revenue Streams
    • Strategic Investors
    • Roadmap
  • AILAYER CAMPAIGNS
    • Campaigns
    • Social Campaign
    • Staking Campaign
    • Dapp Center
  • AILAYER IN MEDIA
    • Social Link
      • Twitter
      • Telegram
      • Discord
      • Website
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  • 🚀 Secured Deposits
  • 🔗 Syncing and Validation
  • 🔒 Combining Schnorr Signatures and VRF
  • 🔍 Generating Proof of Deposit
  • ✅ Verification and Minting
  • 💸 Withdrawals
  • 🔁 Request and Validation
  • 🔏 Decentralized Signature Scheme
  • 🏦 Claiming Bitcoin Assets
  1. AILAYER INTRODUCTION

Secured Deposits And Withdrawals

🚀 Secured Deposits

When a user deposits Bitcoin assets on AILayer, the assets are received by the cross-chain bridge wallet address on the Bitcoin network. In the OP_Return scripting operation, the EVM address of AILayer is inscribed, ensuring seamless identification.

🔗 Syncing and Validation

  • The block header and bridge transaction information are synced through BTC Light nodes.

  • Light nodes validate transactions by connecting to a full validator set, providing the necessary data to confirm that a transaction has been included in a block.

🔒 Combining Schnorr Signatures and VRF

  • We utilize a combined Schnorr Signature and VRF (Verifiable Random Functions) process.

  • Schnorr signatures offer a simple and efficient method for signing data, ensuring authenticity and integrity.

  • VRFs generate random outputs that can be publicly verified, adding an extra layer of security.

🔍 Generating Proof of Deposit

  • A VRF is employed to generate a random and verifiable output, used to create a proof of deposit.

  • This proof, signed with a Schnorr signature, guarantees the deposit information is genuine and tamper-proof.

  • The signed proof is then broadcast to the AILayer network.

✅ Verification and Minting

  • Validators on the AILayer network verify the Schnorr signature and the VRF proof to confirm the legitimacy of the deposit.

  • Once verified, the equivalent amount of Bitcoin assets is minted on the AILayer network and sent to the user’s EVM address.

By combining advanced cryptographic techniques with efficient cross-chain syncing, AILayer ensures a secure and transparent cross-bridge transfer. 🌐🔐

💸 Withdrawals

When a user withdraws Bitcoin assets from AILayer back to the Bitcoin network, the process ensures security and transparency.

🔁 Request and Validation

  • The withdrawal request enters a full validator set that is synced with DHC (Dynamic Hidden Committee).

  • DHC follows a decentralized signature scheme, utilizing its underlying private key to sign cross-chain messages.

🔏 Decentralized Signature Scheme

  • The DHC yields signatures as on-chain verifiable "claims" to indicate the validity of cross-chain messages.

  • These claims ensure that the withdrawal request is authentic and has not been tampered with.

🏦 Claiming Bitcoin Assets

  • After the signature stage, the user can claim their Bitcoin assets on the Bitcoin network.

By integrating advanced cryptographic techniques and a robust validator set, AILayer provides a secure and efficient method for withdrawing assets. 🌐🔐

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Last updated 8 months ago