Reference
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
SettlementThe 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.
OP_RETURN
Bitcoin L1A 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.
Taproot
Bitcoin L1A 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.
UTXO
Bitcoin L1Unspent 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.
Rollup
Layer 2A 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.
Sidechain
Layer 2A 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.
Validium
Layer 2An 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.
Optimistic Rollup
Layer 2A 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.
ZK Rollup
Layer 2A 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.
SVM (Solana Virtual Machine)
ExecutionAn 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.
Sealevel
ExecutionThe 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.
Anchor
ExecutionA 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.
SPL (Solana Program Library)
ExecutionA 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.
Sequencer
SequencingThe 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.
MEV (Maximal Extractable Value)
SequencingValue 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.
Forced Inclusion
SequencingA 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.
Canonical Bridge
BridgeBitcoin 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.
Forced Exit
BridgeA 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.
Data Availability (DA)
Data AvailabilityThe 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.
State Commitment
SettlementA 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.
Merkle Tree
CryptographyA 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.
$HYPER
TokenomicsThe 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.
Vesting
TokenomicsA 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.
TGE (Token Generation Event)
TokenomicsThe 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.
TVL (Total Value Locked)
DeFiThe total value of assets deposited in the DeFi protocols on a network. A metric used to gauge adoption of, and confidence in, an ecosystem.
AMM (Automated Market Maker)
DeFiA DeFi protocol that uses mathematical formulas — typically x*y=k — to set exchange prices, removing the need for a traditional order book.
Oracle
DeFiA 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.
Fraud Proof
SecurityA cryptographic proof demonstrating that a state transition is invalid. It is used in Optimistic Rollups to challenge fraudulent states during the challenge window.
Security audit
SecurityA 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.
Finality
SettlementThe 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.
Lightning Network
CompetitorA 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.
Stacks
CompetitorA 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.
Rootstock (RSK)
CompetitorAn 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.
No matching terms found.