- The “superlayer” protocol of Bitcoin Now that BitcoinOS has accomplished what most in the industry once believed couldn’t be done on the oldest blockchain network, it has validated the first zero-knowledge proof (ZKP) on Bitcoin.
ZK Proofs And Rollups Are Added To Bitcoin By BitcoinOS
This accomplishment, made on Tuesday at Block 853626, represents a major advancement in the growth and improvement of Bitcoin’s functionality while upholding its core values of stability and decentralization.
The developers of BitcoinOS specifically assert that this innovation would make it possible to deploy rollups, which are layer-2 blockchains that facilitate quicker, less expensive, and more flexible transactions. The more secure layer-1 Bitcoin blockchain can then settle these transactions and inherit base layer security.
BitcoinOS, in contrast to earlier scaling solutions, seeks to improve Bitcoin without sacrificing decentralization. Developers can build covenants, or conditional Bitcoin payments that execute only after presenting the necessary cryptographic proof, as BitcoinOS has shown with ZKPs.
In actuality, this allows programmers to construct bridges with incredibly low trust assumptions that facilitate the movement of Bitcoin to and from an L2 rollup environment.
In contrast, current solutions such as sidechains depend on users having faith in a limited, controlled federation to protect their Bitcoin. In the meantime, despite the lightning network’s ability to facilitate speedy decentralized payments, practical trends soon lead to centralization because of basic UX issues with channel management.
For the purpose of validating bridge transactions, BitcoinOS will come with a decentralized, dynamic operator set that maintains an incredibly robust rollup bridge.
According to this scenario, the system’s cryptographic guarantees will vanquish all threats against it, including those posed by a coalition of nation-states, according to BitcoinOS.
Cryptocurrency: Dividing and Uniting
Additionally, trustless interoperability between many rollups will be made possible by BitcoinOS, giving users and developers access to a highly functional and liquid playground that feels like a single blockchain.
Yago claims that BitcoinOS will make it possible for the whole cryptocurrency ecosystem to develop from a collection of disjointed L1s into a single, integrated tech stack based on Bitcoin, the biggest and safest blockchain.
The best part is that this innovation will be free to happen. Because rollups don’t require a fork in the blockchain to develop, the foundation of Bitcoin may continue to be the safe kind of permaware that it is highly regarded for.
Reliability is what [Bitcoin] needs most of all, according to Yago. The fact that [Bitcoin] really doesn’t fluctuate all that much is what makes it dependable. That’s what keeps things basic.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
