- BitcoinOS, builders of Bitcoin rollups, declare to have verified the primary zero-knowledge proof on the Bitcoin mainnet.
- This milestone is predicted to herald a brand new period of scalability on Bitcoin because the staff intends to construct a brilliant layer of interoperable Layer 2 digests on the Bitcoin mainnet.
BitcoinOS, the event staff constructing an interoperable Layer 2 chain community on Bitcoin, claims to have verified the primary zero-knowledge proof on the Bitcoin community. Zero-knowledge proofs (zk proofs) enable a celebration to show {that a} assertion is true with out revealing details about the assertion.
ZK Proofs is a cryptographic protocol that powers networks like zkSync and might type the premise of safe decentralized layer 2 networks, as creating summaries on a community like Bitcoin requires a cryptographic methodology to show that off-chain data is true with out that data have been revealed. .
In keeping with BitcoinOS, “success unlocks the limitless scalability and performance of Bitcoin with out requiring further adjustments to the underlying Bitcoin layer.” Not like different scaling options, akin to Stacks, which run sidechains, BitcoinOS will run summaries straight on the Bitcoin mainnet.
Rising Bitcoin Use Circumstances
Till now, all ZK proofs have been on networks like Ethereum which have native sensible contract performance. Good contract performance on the Bitcoin mainnet has been restricted to Ordinal know-how and extra just lately Runes.
Ordinals introduced the extension of NFTs and memecoins to Bitcoin because the creation of the BRC-20 normal led to a brand new period of transactions and elevated earnings for Bitcoin miners. This additionally led to community congestion and elevated transaction charges.
The Way forward for the Bitcoin Mainnet
Bitcoin is slowly shifting away from its unique position as sound cash to a “permaware, (which is) extra dependable and everlasting than every other chain or software program,” in keeping with Eden Yag, BitcoinOS lead contributor.
In keeping with the ZK-proofs staff, it’s going to make sidechains out of date and permit customers to bridge their bitcoins backwards and forwards between rollups in an nearly trustless manner.
The staff intends to present a reside demo of BitcoinOS capabilities on the Bitcoin 2024 convention in Nashville.
