Glossary

Based on Appendix A of Michele Stefanelli’s book ‘Due Diligence of a Layer 2 – The Bitcoin Hyper Case’. 33 entries across 12 categories.

33 entries

Anchoring

Settlement

The periodic publication of the rollup’s state commitment to the Bitcoin base layer (L1). Anchoring records the state commitment and makes it possible to detect subsequent changes; it does not, in itself, guarantee the correctness of the state, data availability or the security of the bridge.

Ch. 11–12

OP_RETURN

Bitcoin L1

A Bitcoin script opcode that allows up to 80 bytes of arbitrary data to be embedded in a transaction, rendering the output provably unspendable. It can be used to anchor state commitments.

Ch. 12

Taproot

Bitcoin L1

A Bitcoin upgrade (BIP 341/342, activated November 2021) that introduces Schnorr signatures and MAST. It improves the privacy, efficiency and flexibility of scripts, and is relevant to more efficient anchoring mechanisms.

Ch. 12

UTXO

Bitcoin L1

Unspent Transaction Output. Bitcoin’s accounting model: instead of “accounts”, there are “unspent outputs” corresponding to specific amounts. This differs from the account model used by the SVM and Ethereum.

Ch. 1

Rollup

Layer 2

A Layer 2 solution that executes transactions off-chain and periodically publishes the compressed state to the base layer (L1). It combines off-chain scalability with security that, depending on the model chosen, draws on the L1.

Ch. 4–6

Sidechain

Layer 2

A separate blockchain connected to the L1 through a bridge. Its security depends principally on its own consensus mechanism and the design of the bridge, rather than directly on the security of the L1.

Ch. 4

Validium

Layer 2

An architecture similar to a rollup in which the data required to reconstruct the state is stored outside the L1. It can lower costs and increase throughput, but introduces additional data-availability assumptions: if the data becomes unavailable, users may lose the ability to verify the state or withdraw their funds.

Ch. 14

Optimistic Rollup

Layer 2

A rollup that assumes state transitions are valid by default — hence “optimistic”. It relies on fraud proofs, which allow incorrect transitions to be challenged within a defined time window, typically seven days on Ethereum.

Ch. 6

ZK Rollup

Layer 2

A rollup that uses validity proofs — often based on zero-knowledge cryptography — to prove that state transitions comply with the protocol’s rules. It can shorten confirmation times compared with an Optimistic Rollup, although actual finality here too depends on the L1 and on the design of the system.

Ch. 6

SVM (Solana Virtual Machine)

Execution

An execution runtime developed by Solana Labs. It enables parallel execution by requiring each transaction to declare explicitly the accounts it uses. According to the project, Bitcoin Hyper uses it as its execution environment.

Ch. 7–8

Sealevel

Execution

The parallelisation runtime within the SVM. It analyses the accounts declared by each transaction and enables the parallel execution of transactions that do not conflict with one another. It is one of the building blocks that contribute to Solana’s throughput and — according to the project — to the planned design of Bitcoin Hyper.

Ch. 8

Anchor

Execution

A Rust framework for developing SVM programs. It introduces macros, conventions and testing tools that simplify development on Solana. According to the project, Bitcoin Hyper aims to offer an equivalent toolchain; actual compatibility remains to be verified.

Ch. 9

SPL (Solana Program Library)

Execution

A library of standard programs for the SVM: tokens (SPL Token), staking, governance and so on. According to the project, Bitcoin Hyper is working towards SPL compatibility, which would allow Solana tokens and programs to be reused.

Ch. 9

Sequencer

Sequencing

The rollup component that orders transactions before they are executed. The party operating the sequencer can determine this ordering — with implications for MEV and censorship. At Bitcoin Hyper’s launch it is expected to be centralised.

Ch. 15–17

MEV (Maximal Extractable Value)

Sequencing

Value that can be extracted by reordering, inserting or omitting transactions within a block or batch. A centralised sequencer may have considerable scope to capture or influence a rollup’s MEV.

Ch. 15

Forced Inclusion

Sequencing

A mechanism that lets users “force” the inclusion of a transaction through the Bitcoin L1, thereby bypassing a censoring sequencer. In Bitcoin Hyper this feature was still under development as at 28 April 2026.

Ch. 21

Canonical Bridge

Bridge

Bitcoin Hyper’s official bridge for moving BTC from the L1 to the rollup and back. At launch: federated or centralised custody, with the trust assumptions that entails. The roadmap envisages progressive decentralisation, which remains to be verified.

Ch. 31, 34

Forced Exit

Bridge

A mechanism that lets users withdraw funds from the rollup even when the sequencer or bridge is uncooperative, by way of the Bitcoin L1. A critical safety feature, still under development.

Ch. 21

Data Availability (DA)

Data Availability

The guarantee that the data for all transactions is publicly accessible. Without this data, no one can reconstruct the rollup’s state. In Bitcoin Hyper, a definitive solution is still under study.

Ch. 14

State Commitment

Settlement

A compressed representation — typically a Merkle root — of the rollup’s complete state at a given moment. It is periodically published to Bitcoin as anchoring; that publication does not amount to a full verification of the state.

Ch. 11

Merkle Tree

Cryptography

A tree-shaped data structure in which each parent node is the hash of its child nodes. It allows efficient proofs — Merkle proofs — that a piece of data belongs to a set, without revealing the entire set.

App. A

$HYPER

Tokenomics

The token that the project’s documentation presents as Bitcoin Hyper’s native token. The stated total supply is 21 billion. According to the published documentation, it is intended to be used for payments, for participation in staking and — at a later stage — for governance mechanisms. The stated allocation is as follows: 25% Treasury, 30% Development, 20% Marketing, 15% Rewards and 10% Listings.

Ch. 30–33

Vesting

Tokenomics

A mechanism for the gradual release of tokens over time. Under the terms published for the presale, $HYPER is stated to have a seven-day vesting period.

Ch. 33

TGE (Token Generation Event)

Tokenomics

The event at which a token is first created and distributed. According to the whitepaper, the security audits are to be completed before Bitcoin Hyper’s TGE.

Ch. 33

TVL (Total Value Locked)

DeFi

The total value of assets deposited in the DeFi protocols on a network. A metric used to gauge adoption of, and confidence in, an ecosystem.

App. A

AMM (Automated Market Maker)

DeFi

A DeFi protocol that uses mathematical formulas — typically x*y=k — to set exchange prices, removing the need for a traditional order book.

App. A

Oracle

DeFi

A service that brings real-world data — prices, events and so on — onto the blockchain. It is essential for DeFi: lending, derivatives and many contracts depend on reliable external price data.

App. A

Fraud Proof

Security

A cryptographic proof demonstrating that a state transition is invalid. It is used in Optimistic Rollups to challenge fraudulent states during the challenge window.

Ch. 19

Security audit

Security

A review of the source code carried out by independent specialists to identify potential vulnerabilities. In the case of Bitcoin Hyper, the project announced that it would publish security audits before the TGE; as at 28 April 2026, no public audit report of the protocol or the bridge could be confirmed.

Ch. 34

Finality

Settlement

The point from which, under the system’s rules and assumptions, a transaction is regarded as irreversible. In the architecture described for Bitcoin Hyper, state commitments would accumulate confirmations in Bitcoin after publication; this does not, in itself, guarantee the validity of the state or the ability to withdraw funds.

Ch. 13

Lightning Network

Competitor

A Bitcoin payment network based on channels. Designed primarily for fast, low-cost payments, it does not offer a general-purpose smart-contract environment comparable to a virtual machine. In production since 2018.

Ch. 25–26

Stacks

Competitor

A smart-contract network connected to Bitcoin that uses the PoX (Proof of Transfer) mechanism. It has its own language, Clarity, and stores its block data on Bitcoin.

Ch. 27

Rootstock (RSK)

Competitor

An EVM-compatible Bitcoin sidechain that uses merge-mining. It uses the RBTC token — an asset pegged to BTC — to pay for gas. Operational since 2018.

Ch. 28