Introducing the First Decentralized Indexer Innovation on the BEVM Bridge!

Ensuring the security and traceability of innovative Bitcoin asset standards like #BRC20, #Ordinals, and #Runes in transactions is crucial to the community.

Learn how BEVM makes it happen.🔥🧵

1/ While BEVM SPV can obtain any #Bitcoin network transaction, it can't determine if it corresponds to #Runes/#Ordinals asset transactions or identify their type, quantity, or recipient due to their unique nature.

An external indexer is required to parse this information.

2/ Accurate recognition of #Runes/#Ordinals transaction information is crucial for the indexer.

Unlike Bitcoin light clients, mainstream indexers like Unisat, OKLINK, BINANCE, and ORDISCAN are not protected by the Bitcoin network, posing centralized risks.

3/To this end, BEVM has proposed its decentralized indexer solution.

1️⃣Decentralized Indexer Nodes: Each validator must introduce the Runes/Ordinals indexer based on their own Bitcoin SPV. POS-based validator selection resolves single points of failure and centralization issues in existing indexers.

2️⃣Open-Source Indexer Cross-Validation: BEVM uses open-source indexers for cross-validation. Validators run this process on BEVM nodes, significantly reducing costs.

4/ We are integrating this first-ever decentralized indexer to Taproot Consensus to launch the decentralized #BRC20/#Ordinals/#Runes bridge.

Check more details here⤵️https://bevm-blog.webflow.io/post/why-is-a-decentralized-indexer-important-for-runes-ordinals-assets