Nomic: High-performance Bitcoin sidechain

[mappum]

Website: nomic.io
Twitter: @nomicbtc
Telegram chat
GitHub repository

• Decentralized Bitcoin sidechain network
• Allows fast, low-fee BTC payments, and advanced decentralized BTC apps
• More decentralized than other sidechains
• Just launched a testnet, you can run your own full node

Hey Bitcointalk,

For the past few years, we've been building an advanced sidechain system. We believe this will unlock the future of Bitcoin by allowing high performance payments (scaling Bitcoin to support billions of users) and making decentralized BTC apps possible.

Nomic is permissionless and decentralized. Unlike Liquid, on the Nomic sidechain you don't need to be whitelisted by Blockstream to withdraw your BTC, and the network is merge-mined with Bitcoin to remain open, as opposed to Blockstream's centrally-picked list of authorities.

One main thing we're building on our sidechain is a decentralized Lightning hub. Inbound LN capacity is a scarce resource since it requires BTC to be locked up. On Nomic, hodlers can earn interest by lending out their BTC for use in Lightning channels in a decentralized, risk-free way, and merchants using LN can easily get the inbound capacity they need.

Our framework for building 2-way pegs can also be used to build other kinds of advanced decentralized Bitcoin applications. Any Bitcoin app that exists on a central server today can be moved to its own decentralized sidechain network.


Join the Nomic Testnet

We've been working hard on our codebase for a while now, and have a working testnet which allows you to deposit testnet BTC into the peg, transfer it on the sidechain for very low fees, and withdraw back onto the mainchain whenever you want. We welcome you to run a Nomic full node.

You can also mine (it's currently very easy to CPU-mine) to become a signatory and help secure the BTC reserves held in the network multisig.

Try out the Nomic Sidechain Testnet by running a full node

We're very excited about how this project can advance the future of Bitcoin, and we'd love to hear your feedback or answer your questions. Let us know if you need some testnet BTC or help running a node.

Remember to join the Telegram chat or follow us on Twitter to follow along as Nomic develops.

[d5000]

I know this is an old thread, but it seems to be the only thread here on Bitcointalk talking about Nomic. If it's still close to what was written on their whitepaper then it is one of the more interesting Bitcoin L2/sidechain projects, but it is difficult to find more info than the whitepaper or website.

As far as I know from their website, the blockchain has been launched, and it seems to be an independent L1 based on the Cosmos/Tendermint technology. However, the NOM token seems not to be listed at any exchange. Is it on a DEX in the Cosmos universe, perhaps?

I would appreciate some more information about the project from people involved or advanced users, above all if the Bitcoin bridge/sidechain is already fully operational (considering the thread below it seems so) or not. I'm not so fond of Discord nor Telegram, and their X/Twitter account is barely active.

Some talk seems to go on on the Cosmos Network Reddit. 4 months ago, there was a thread about Nomic and nBTC there. At that time it seems NOM was not tradable, but they expected it to be "perhaps in 2 months".

Edit: Found this update now from 2 months ago. Apparently the bridge is operational but still with a limit on it. They talk about a new update in January which will launch "full mainnet" but this seems to have been delayed as I didn't find newer update posts. There's also a blog but last entry is from December 2023.