A new platform monitors the performance of the Bitcoin package in real time
Bitcoin Virtual Machine (BVM) as a service provider that wraps around Bitcoin has launched Bitcoin Heartbeat, an analytics and research platform.
The new platform is focused on Bitcoin (BTC) bundling solutions to provide clear and verifiable real-time information on Bitcoin Layer-2 (L2) and Layer-3 (L3) bundling projects.
According to a press release shared with Cointelegraph, Bitcoin Heartbeat aims to allow users to monitor and support the “evolving Bitcoin ecosystem.”
Speaking to Cointelegraph, BVM's team explained that despite Bitcoin's “mass consumption brand,” its utility beyond its “store of value” is limited.
“We don't see DApps on Bitcoin like Ethereum, Solana, etc. […] Mostly due to technical limitations. To power Bitcoin consumer applications that use BTC, Bitcoin needs to be mined with fast speeds and low tx fees.
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Bitcoin community-oriented
As the press release explains, the new platform seeks to address the gap between analysts and the wider community when evaluating the effectiveness of bundled solutions.
“Many talented teams have been working on Bitcoin, but it can be challenging for analysts and outsiders to evaluate the effectiveness and real-time operations of these solutions.”
Bitcoin Heartbeat focuses on “live metrics” for users to measure the “activity and performance” of L2 and L3 packet solutions on the Bitcoin network.
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Elements of verification and transparency
The press release explained that users of the new analytics and research platform can browse project websites and block browsers directly from the dashboard.
“3700”, the lead developer of the BVM team, said that Bitcoin Heartbeat is the group's “joint effort to measure Bitcoin”.
“The more this data becomes available and verifiable, the better we can understand the progress we're making together in scaling Bitcoin.”
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BVM Studio “no-code” blockchain deployment
On July 17, the team behind Bitcoin Heartbeat introduced BVM Studio, a new tool that simplifies blockchain distribution with a no-code solution to make blockchain more accessible.
The tool provides a visual program editor interface similar to Lego building blocks. It allows users to drag and drop custom blocks without coding knowledge.
The BVM team told Cointelegraph that although “fully custom coded solutions may not offer the same depth of customization,” it aims to continuously add new modules and options to improve flexibility.
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