BitcoinOS (BOS) is about to combine its Grail Bridge with the B² Community mainnet this 12 months, enabling trusted bridging of BTC and Bitcoin property utilizing zero-knowledge proofs. This collaboration goals to safe greater than $110 million value of property on the B² Community, a modular Bitcoin Layer 2 resolution.
The BOS integration will leverage the ZK-based BitSNARK authentication protocol, rising safety and scalability for Bitcoin-based DeFi purposes. Providing EVM compatibility and quicker transaction speeds than Bitcoin Layer 1, the B² Community will profit from BOS' capabilities to offer institutional-grade asset safety at Bitcoin's scaling and utility layers.
Edan Yago, CEO and co-founder of BOS, mentioned the partnership is in recognition of their work in strengthening the rising Bitcoin rollup ecosystem.
“We allow builders to construct all the pieces from true Bitcoin Layer 2 and belief bridges to completely programmable Bitcoin tokens,” he mentioned.
Arwen, B² Community's Ecosystem Director, famous that BitcoinOS helps assist their mission to securely scale Bitcoin with out compromising Proof-of-Work safety. “Collectively, we’ll allow establishments and liquidity suppliers to conveniently deploy BTC into DeFi,” added Arwen.
This partnership is important for Bitcoin-based DeFi, because the B² Community supplies liquidity for different ecosystems comparable to Aptos. Its integration with BOS gives elevated safety and effectivity in cross-chain transactions. BOS's breakthrough in utilizing zero-knowledge proofs permits builders to feed information from different blockchains instantly into Bitcoin transactions. The corporate verified the primary proof of ZK on Bitcoin at block 853626, demonstrating the potential for creating roll-ups.
In response to documentation from B² Community, the community makes use of ZK-Rollup expertise with zkEVM to carry out person transactions inside the Layer 2 community and generate associated proof. Its structure consists of a roll-up and information availability layer, together with decentralized storage and B² nodes that carry out features comparable to storage motivation, proof verification, and sequencer service provisioning. The community claims to be greater than 50 occasions cheaper and 300 occasions quicker than Bitcoin Layer 1.
B² Community goals to remodel Bitcoin into a flexible platform supporting numerous purposes, together with DeFi and NFT. Its mission is to construct a world-class Bitcoin Layer 2 community and revitalize the builder tradition within the Bitcoin ecosystem.
BitcoinOS is an working system that provides good contract performance to Bitcoin. It permits builders to unlock Bitcoin's potential for high-performance, safe, and programmable transactions whereas sustaining the community's decentralization and resilience.
The combination between BOS and B² Community is to be accomplished by the top of 2024.
