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Nashville, Tennessee, Wednesday, 24 July 2024: BitcoinOS (BOS), a superlayer protocol of trustless and interoperable Bitcoin rollups, has efficiently verified the first-ever zero-knowledge proof (ZKP) on the Bitcoin mainchain, marking a groundbreaking technical milestone in crypto historical past. This was accomplished reside on stage at Bitcoin 2024.
The achievement unlocks limitless scaling and performance on Bitcoin with out requiring extra modifications to Bitcoin’s base layer.
Edan Yago, core contributor to BitcoinOS mentioned, “That is the primary permissionless improve of the Bitcoin system and the primary time Bitcoin has been upgraded with out a mushy fork. With BOS, the dependence on Bitcoin Enchancment Proposals to introduce modifications comparable to covenants to Bitcoin is massively lowered or, probably, fully eradicated. This paves the best way for extra builders to construct on Bitcoin extra effectively and allows true decentralization.”
“We’re proud to empower the business to meet the unique Bitcoin promise of a trustless peer-to-peer digital cash system for the world, whereas perpetually remaining a decentralized, immutable, and safe bedrock of financial fact,” he provides.
BitSNARK, BitcoinOS’ game-changing know-how, is a software program library for verifying zkSNARKs, a sort of ZKP on Bitcoin, permitting builders to construct layer-2 (L2) rollups. The BOS group has demonstrated that ZKPs allow customers to create covenants – conditional funds that can’t execute until the correct cryptographic proof is offered. With this, builders can create near-trustless bridges for transferring their BTC forwards and backwards between Bitcoin mainchain and L2 rollups.
Current L2 fashions require customers to belief an organization or federation majority to guard their L2 BTC. With BOS, customers solely have to belief that certainly one of probably a whole lot of members in a decentralized, dynamic operator set, behave actually.
Beneath this mannequin, all threats to the system, even from a coalition of nation-states, can be defeated by the system’s cryptographic assurances.
BOS would be the final implementation of a Bitcoin rollup system utilizing a near-trustless rollup bridge, to which any variety of rollups might join, moderately than appearing as a single rollup.
All rollups on BOS settle their transactions to Bitcoin collectively utilizing ZK proofs verified by a shared and open operator set. Moreover, each BitcoinOS rollup is seamlessly interoperable, that means they’ll share their customers, functions, liquidity, and performance. Builders needn’t fear about whether or not they’re constructing on the correct Bitcoin L2 with sufficient liquidity and customers, as an alternative selecting the rollup setting greatest suited to their wants. For customers, transferring property between rollups will really feel easy, as in the event that they had been solely utilizing one chain.
“BOS solidifies Bitcoin because the world’s solely ‘permaware’ – extra dependable and everlasting than some other chain or software program,” mentioned Yago.
By combining Bitcoin’s unparalleled safety and community results with a modular L2 structure, BOS is positioned to assist deliver the $1.1 trillion altcoin ecosystem again dwelling to the Bitcoin community. Bitcoin will now mix all the performance and scalability achieved by rival crypto networks with the unmatched safety and person base of the world’s largest blockchain community.
About BitcoinOS:
BitcoinOS (BOS) is a trustless and interoperable “superlayer” protocol for rollups constructed on Bitcoin. BOS solves Bitcoin’s trilemma of scale, computational expressivity, and decentralization by letting builders freely improve Bitcoin with out forking its code. BOS leverages BitSNARK – a software program library for verifying ZK proofs on Bitcoin, and Grail – a sensible implementation of a Bitcoin rollup bridge.
Click on right here to learn the BitSNARK and Grail whitepaper.
Observe us on social media:
Telegram: https://t.me/BitcoinOS_Build
Twitter: https://x.com/BTC_OS
Contact
Identify: Hillary Adler, Co-founder
Web site: https://www.bitcoinos.construct/
E-mail: [email protected]
Firm: BitcoinOS
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