BitcoinOS and B2 Community to safe $110M in Bitcoin DeFi property in 2024

BitcoinOS (BOS) is ready to combine its Grail bridge with B² Community’s mainnet this 12 months, enabling trustless bridging of BTC and Bitcoin property utilizing zero-knowledge proofs. This collaboration goals to safe over $110 million price of property on B² Community, a modular Bitcoin Layer 2 resolution.

BOS’s integration will leverage the ZK-based BitSNARK verification protocol, enhancing safety and scalability for Bitcoin-based DeFi purposes. B² Community, which provides EVM compatibility and quicker transaction speeds than Bitcoin’s Layer 1, will profit from BOS’s capabilities to supply institutional-grade asset safety at Bitcoin’s scaling and utility layer.

Edan Yago, CEO and Co-founder of BOS said that this partnership signifies business recognition of their work in bolstering a rising ecosystem of Bitcoin rollups.

“We’re enabling builders to construct every little thing from true Bitcoin Layer 2s and trustless bridges to completely programmable tokens on Bitcoin,” he mentioned.

Arwen, Chief Ecosystem Officer of B² Community, commented that BitcoinOS helps additional their mission to securely scale Bitcoin with out compromising its Proof-of-Work safety. “Collectively, we are going to allow establishments and liquidity suppliers to comfortably deploy BTC to DeFi,” Arwen added.

This partnership is critical for Bitcoin-based DeFi, as B² Community supplies liquidity for different ecosystems like Aptos. Its integration with BOS provides enhanced safety and effectivity in cross-chain transactions. BOS’s breakthrough in utilizing zero-knowledge proofs permits builders to embed information from different blockchains straight into Bitcoin transactions. The corporate verified the primary ZK proof on Bitcoin at block 853626, demonstrating the potential for constructing roll-ups.

Per documentation from B² Community, the community employs ZK-Rollup expertise with zkEVM to execute person transactions throughout the Layer 2 community and generate associated proofs. Its structure consists of a roll-up and a knowledge availability layer, together with decentralized storage and B² nodes that carry out features like incentivizing storage, validating proofs, and offering sequencer companies. The community claims to be over 50 occasions cheaper and 300 occasions quicker than Bitcoin’s Layer 1.

B² Community goals to rework Bitcoin into a flexible platform supporting varied purposes, together with DeFi and NFTs. Its mission is to construct a premier Bitcoin Layer 2 community and revive the builder tradition within the Bitcoin ecosystem.

BitcoinOS is an working system that provides sensible contract performance to Bitcoin. It permits builders to unlock Bitcoin’s potential for high-throughput, safe, and programmable transactions whereas preserving the community’s decentralization and resilience.

The combination between BOS and B² Community is scheduled to be accomplished by the top of 2024.