BEVM releases Taproot Consensus technical yellow paper

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Cointime2024/05/20 03:10

By:Cointime

BTC Layer2 project BEVM officially released the Taproot Consensus technical white paper. The white paper aims to provide a comprehensive technical reference for developers and researchers to accurately understand its decentralized Bitcoin Layer2 solution. Taproot Consensus is an innovative design proposed by BEVM, which combines the Schnorr signature and MAST brought by the Taproot upgrade of Bitcoin, the Bitcoin SPV light node, and the BFTPoS consensus mechanism, to build a decentralized and highly consistent Layer2 network.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14