- The builders of rollups for Bitcoin, BitcoinOS, declare to have verified the primary zero-knowledge proof on the Bitcoin mainnet.
- This milestone is anticipated to usher in a brand new period of scalability on Bitcoin because the crew intends to create a brilliant layer of interoperable Layer 2 rollups on the Bitcoin mainnet.
BitcoinOS, a improvement crew constructing a community of interoperable layer 2 chains BitcoinBitcoin claims to have verified the primary zero-knowledge proof on the community. Zero-knowledge proofs (zk proofs) enable a celebration to show {that a} assertion is true with out revealing details about the assertion.
ZK Proof is the cryptographic protocol that powers networks like zkSync and may type the idea of safe, decentralized layer 2 networks, as creating rollups on networks like Bitcoin requires a cryptographic technique to show off-chain info is true with out revealing the knowledge.
In response to BitcoinOS, “this achievement unlocks limitless scaling and performance on Bitcoin with out making extra adjustments to Bitcoin’s base layer”. In contrast to different scaling options like Stacks, which run on Side chainBitcoinOS will run rollups immediately on the Bitcoin mainnet.
The Rising Use Circumstances of Bitcoin
To date, all have been on networks like ZK proofs Ethereum which has native sensible contract performance. Good contract-like performance on the Bitcoin mainnet is restricted to Ordinal expertise and, extra not too long ago, Runes.
Ordinaries led to the proliferation of NFTs and memecoins on Bitcoin as a result of the creation of the BRC-20 normal gave start to a brand new period of transactions and elevated the revenue of Bitcoin miners. This has additionally led to community congestion and a rise in transaction charges.
The Way forward for the Bitcoin Mainnet
In response to Eden Yago, a core contributor to BitcoinOS, Bitcoin is slowly shifting away from its preliminary function as a “secure forex” that’s “extra dependable and everlasting than another chain or software program.”
In response to the crew, ZK-proofs will make sidechains out of date and permit customers to maneuver their bitcoin forwards and backwards between rollups in an virtually untrustworthy manner.
The crew intends to current a dwell demonstration of the capabilities of BitcoinOS. Bitcoin 2024 Conference In Nashville.
