- BitcoinOS, builders of rollups for Bitcoin, declare to have verified the primary zero-knowledge proof on the Bitcoin mainnet.
- This milestone is anticipated to herald a brand new period of scalability on Bitcoin because the crew intends to construct a brilliant layer of interoperable layer 2 rollups on the Bitcoin mainnet.
BitcoinOS, a growth crew constructing a community of interoperable layer 2 chains 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 are the cryptographic protocol that powers networks like zkSync and may type the premise of safe, decentralised layer 2 networks as a result of a cryptographic methodology for proving that off-chain info is true with out revealing the knowledge is required to construct rollups on a community like Bitcoin.
In line with BitcoinOS, “the achievement unlocks unlimited scaling and functionality on Bitcoin without requiring additional changes to Bitcoin’s base layer”. Not like different scaling options, like Stacks, which run sidechains, BitcoinOS will run rollups immediately on the Bitcoin mainnet.
Bitcoin’s Rising Use Circumstances
Till now, all ZK proofs have been on networks like Ethereum that possess native good contract performance. Good contract-like performance on the Bitcoin mainnet has been restricted to Ordinal expertise and, extra just lately, Runes.
Ordinals introduced in regards to the proliferation of NFTs and memecoins on Bitcoin because the creation of the BRC-20 commonplace led to a brand new period of transactions and elevated earnings for Bitcoin miners. It has additionally led to community congestion and elevated transaction charges.
The Way forward for the Bitcoin Mainnet
Bitcoin is slowly shifting away from its preliminary position as sound cash to “permaware, [which is] more reliable and permanent than any other chain or software”, based on Eden Yago, core contributor to BitcoinOS.
In line with the crew, ZK-proofs will render sidechains out of date and permit customers to bridge their Bitcoin backwards and forwards between rollups in a near-trustless method.
The crew intends to current a stay demonstration of BitcoinOS’ capabilities on the Bitcoin 2024 convention in Nashville.
