Author
Michele
Stefanelli
A financial adviser entered in the independent financial advisers section of Italy's single register (OCF), a member of NAFOP and a member of AIAF, the Italian association of financial analysts. More than 35 years in traditional finance and innovation, centred on fintech, blockchain and crypto-assets.
Author of Due Diligence of a Layer 2 – The Bitcoin Hyper Case — a work in two volumes. Volume I: foundations, architecture and security (2026, 523 pages, 24 chapters). Volume II is in preparation (12 chapters).
Founder of MS Digital Asset Academy. Bitcoinhyper.nz is a publication of MS Digital Asset Academy.
About me
Accessed: 6 May 2026
I have worked in financial advice for more than three decades. I have seen very different market cycles — from traditional Italian finance in the 1990s through banking disintermediation, and on to the maturing of fintech and the emergence of crypto-assets as an asset class in their own right. Through all of those phases I have tried to hold to the same method: check before advising, separate the documented fact from the mere promise, and act only in the client's interest.
The fee-only model, regulated in Italy through the independent financial advisers section of the OCF single register, is the legal framework that makes that consistency possible: no commission from product providers, no sales mandate and no structural conflict of interest.
Can the slowest, most conservative and most dependable machine ever built be made fast without touching the machine itself? Bitcoin Hyper says it can: a Layer 2 that executes transactions on a Solana engine and anchors the results to Bitcoin. But who decides the order of those transactions, and what stops them abusing that power? Where does the data that makes everything verifiable actually live? What happens on the day something breaks? And above all: how much of this already exists, and how much is still only a promise?
This first volume — the volume of understanding — reconstructs the project's architecture question by question, following a method that is set out plainly at the start and held to until the last page: the team's statements are treated as claims to be verified, facts are treated as facts, and the distance between the two is itself the object of the investigation. Twenty-four chapters, with concrete analogies, questions and answers, and a short summary at the end of each chapter. The judgement — tokenomics, risks and the comparison with other Layer 2 solutions — is the subject of Volume II.
From the back cover · Volume I, first edition, July 2026
This site is the free, public edition of that work. It is neither a promotional page for the Bitcoin Hyper project nor a marketing channel for the issuer. It is an independent editorial knowledge base: a collection of technical analysis, comparison tables, glossaries and regulatory documents, built on the due diligence method used in the book. The aim is to give the reader — whether curious, an investor or a developer — the means to reach their own conclusions.
Method
Verification first
Every claim made on this site and in the book is checked against primary sources: the whitepaper, official announcements, public code and the DevNet block explorer.
Documented versus promised
This is the distinction that matters most. “The SVM is running on DevNet” is a fact. “Decentralisation within two years” is a promise. The two are treated in fundamentally different ways.
Written for three readers
The curious reader, who wants to understand; the investor, who wants to assess; the developer, who wants to build. Every part of the book is written to be useful to all three.
Honesty about the gaps
The open questions — data availability, the absence of publicly available audit reports at protocol and bridge level, and a bridge that has yet to be decentralised — are not played down. They are set out with the same care as the strengths.
Why this site exists
A book is fixed. Bitcoin Hyper is a project still in motion: milestones move, deadlines slip and new announcements keep arriving. This site exists so that the information stays current.
Project status is kept up to date as the project moves on. In-depth analysis is published on the blog. The glossary grows alongside the terminology of the field.
Everything is free — no paywall and no compulsory newsletter. If you find the material useful, the best way to support it is to buy the book when it becomes available.
The author's publications and editorial projects (the book, the bitcoinhyper.eu knowledge base, the newsletter, the podcast and possible future volumes) are organised under a single brand, MS Digital Asset Academy — the editorial and research unit of MS Studio devoted to crypto-assets.