- BitcoinOS, builders of rollups for Bitcoin, 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 workforce intends to construct an excellent layer of interoperable layer 2 rollups on the Bitcoin mainnet.
BitcoinOS, a growth workforce 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) permit 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 might kind the idea of safe, decentralised layer 2 networks as a result of a cryptographic technique for proving that off-chain info is true with out revealing the data is required to construct rollups on a community like Bitcoin.
Based on BitcoinOS, “the achievement unlocks limitless scaling and performance on Bitcoin with out requiring further modifications to Bitcoin’s base layer”. In contrast to different scaling options, like Stacks, which run sidechains, BitcoinOS will run rollups straight on the Bitcoin mainnet.
Bitcoin’s Rising Use Instances
Till now, all ZK proofs have been on networks like Ethereum that possess native good contract performance. Sensible contract-like performance on the Bitcoin mainnet has been restricted to Ordinal expertise and, extra lately, Runes.
Ordinals introduced in regards to the proliferation of NFTs and memecoins on Bitcoin because the creation of the BRC-20 customary 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 transferring away from its preliminary position as sound cash to “permaware, [which is] extra dependable and everlasting than every other chain or software program”, in line with Eden Yago, core contributor to BitcoinOS.
Based on the workforce, ZK-proofs will render sidechains out of date and permit customers to bridge their Bitcoin forwards and backwards between rollups in a near-trustless method.
The workforce intends to current a dwell demonstration of BitcoinOS’ capabilities on the Bitcoin 2024 convention in Nashville.