👋Welcome to People's DA

Overview

Given the constraints of Bitcoin's block size and its non-Turing-complete programming language, it predominantly acts as "Digital Gold," limiting its capacity to accommodate a broader array of projects. Despite Ethereum's Turing-complete capabilities, which facilitate more sophisticated on-chain smart contract development, Bitcoin maintains significant interest in its distinct market consensus and unmatched level of decentralization. Consequently, the exploration of new features on the Bitcoin blockchain continues to be an area of significant focus.

The year 2023 holds a pivotal significance for the Bitcoin ecosystem as it commemorates the 15th anniversary of Bitcoin's inception. Due to its non-Turing-complete characteristics, Bitcoin has been primarily perceived as a mechanism for value preservation. Nonetheless, the advent of the Ordinals protocol and BRC-20 has reignited interest in the developmental prospects and potential of the Bitcoin ecosystem. The swift expansion of the Bitcoin inscription protocol has catalyzed a surge of innovation within the Bitcoin domain, drawing substantial investment into the ecosystem. The preceding year witnessed a burgeoning proliferation of Layer 2 solutions for Bitcoin, in tandem with the prosperity of the ecosystem and an escalation in the demand for inscriptions. This trend has precipitated a marked augmentation in the volume of data stored on the Bitcoin blockchain, thereby engendering exorbitant data costs. The inherent limitations of Bitcoin in data throughput have emerged as a critical constraint on the scalability of the blockchain.

In response to the scaling bottleneck in the Bitcoin ecosystem, there are currently two Layer 2 solutions on Bitcoin: The first involves transmitting highly compressed transaction data to the Bitcoin mainnet, still utilizing Bitcoin as the data availability layer; the second leverages either proprietary or third-party data availability networks to publish data off-chain, while only storing proofs of storage on-chain. However, practice has shown that even uploading highly compressed data to the Bitcoin mainnet, though much lighter compared to uploading each transaction data directly, still incurs considerable data publishing costs. Utilizing proprietary or third-party data availability networks can more effectively solve issues related to high data transmission costs and network congestion. By storing critical data such as transaction data or state diffs off-chain and only uploading the storage indexes and Merkle roots of these data to the Bitcoin mainnet, it is possible to ensure data security while efficiently scaling the Bitcoin network.

In an attempt to solve the issue of ecological overflow within the Bitcoin network, a data availability layer that encompasses both high security and high throughput is essential. The mission of People's DA is to establish a secure, efficient, and accessible data availability chain. To achieve this objective, we employ advanced cryptographic and consensus algorithms to ensure the integrity and security of data. Concurrently, as the name suggests, we aim to attract a broad user base to participate in the data availability ecosystem, enhancing the ecosystem's resilience through strengthened social consensus and oversight. By fostering user monitoring and participation, we can reinforce the security and reliability of the data availability chain.

Quick links

💡pageOur Vision📕pageIssues of Data Availability