Nashville, Tennessee, July 25th, 2024 – Bitcoin can now be infinitely upgradable in a permissionless manner while requiring no changes to the consensus code.
Groundbreaking Achievement in Crypto History
BitcoinOS (BOS), a superlayer protocol of trustless and interoperable Bitcoin rollups, has successfully verified the first-ever zero-knowledge proof (ZKP) on the Bitcoin mainchain. This milestone was achieved live on stage at Bitcoin 2024, marking a significant technical advancement in the cryptocurrency industry.
Unlimited Scaling and Functionality
The successful verification of the ZKP unlocks unlimited scaling and functionality on Bitcoin without the need for additional changes to Bitcoin’s base layer. This achievement represents the first permissionless upgrade of the Bitcoin system, eliminating the need for soft forks to introduce changes.
Edan Yago, a core contributor to BitcoinOS, emphasized the significance of this development, stating, “With BOS, the dependence on Bitcoin Improvement Proposals to introduce changes such as covenants to Bitcoin is massively reduced or, potentially, completely eliminated. This paves the way for more developers to build on Bitcoin more efficiently and enables true decentralization.”
We have done it! For the first time ever a ZK-proof has been verified on Bitcoin Mainnet by BitcoinOS.
The final verification was confirmed in block 853626.
A historic moment and a historic block.
A new era has begun for Bitcoin enabling unlimited scaling and functionality -… pic.twitter.com/x8akim4SJh
— BitcoinOS (@BTC_OS) July 24, 2024
Empowering the Bitcoin Promise
“We are proud to empower the industry to fulfill the original Bitcoin promise of a trustless peer-to-peer digital money system for the world, while forever remaining a decentralized, immutable, and secure bedrock of economic truth,” added Yago.
Introducing BitSNARK Technology
BitcoinOS’ innovative technology, BitSNARK, is a software library for verifying zkSNARKs, a type of ZKP on Bitcoin. This allows developers to build layer-2 (L2) rollups. The BOS team demonstrated that ZKPs enable users to create covenants – conditional payments that cannot execute unless the correct cryptographic proof is provided. This development allows developers to create near-trustless bridges for moving BTC between the Bitcoin mainchain and L2 rollups.
Enhancing Trust and Security
Existing L2 models require users to trust a company or federation majority to protect their L2 BTC. BOS eliminates this need by allowing users to trust a decentralized, dynamic operator set of potentially hundreds of members. This model ensures that even threats from a coalition of nation-states are defeated by the system’s cryptographic assurances.
Seamless Interoperability and User Experience
BOS aims to be the ultimate implementation of a Bitcoin rollup system, using a near-trustless rollup bridge. All rollups on BOS settle their transactions to Bitcoin using ZK proofs verified by a shared and open operator set. Every BitcoinOS rollup is seamlessly interoperable, sharing users, applications, liquidity, and functionality. This ensures developers can build on the most suitable Bitcoin L2 environment, and users can move assets between rollups effortlessly.
Solidifying Bitcoin’s Reliability
“BOS solidifies Bitcoin as the world’s only ‘permaware’ – more reliable and permanent than any other chain or software,” said Yago.
By combining Bitcoin’s unparalleled security and network effects with a modular L2 architecture, BOS is positioned to help bring the $1.1 trillion altcoin ecosystem back to the Bitcoin network. Bitcoin will now offer the functionality and scalability achieved by rival crypto networks, coupled with the unrivaled security and user base of the world’s largest blockchain network.
About BitcoinOS
BitcoinOS (BOS) is a trustless and interoperable “superlayer” protocol for rollups built on Bitcoin. BOS addresses Bitcoin’s trilemma of scale, computational expressivity, and decentralization by allowing developers to upgrade Bitcoin without forking its code. BOS leverages BitSNARK – a software library for verifying ZK proofs on Bitcoin, and Grail – a practical implementation of a Bitcoin rollup bridge.
For more information, users can read the BitSNARK and Grail whitepaper.
Follow BitcoinOS on social media:
- Telegram: BitcoinOS_Build
- Twitter: @BTC_OS
Conclusion
BitcoinOS (BOS) has set a new precedent in the cryptocurrency industry with the successful verification of the first-ever zero-knowledge proof on the Bitcoin mainchain. This achievement enables unlimited scaling and functionality on Bitcoin without requiring changes to its base layer, opening up new possibilities for developers and users alike. By leveraging BitSNARK technology, BOS ensures near-trustless bridges and seamless interoperability between Bitcoin rollups, solidifying Bitcoin as the most reliable and permanent blockchain network. As BitcoinOS continues to innovate, it is poised to bring the vast altcoin ecosystem back to the Bitcoin network, combining unmatched security with enhanced functionality.
FAQs
What is BitcoinOS (BOS)?
BitcoinOS (BOS) is a trustless and interoperable superlayer protocol for rollups built on Bitcoin, allowing developers to upgrade Bitcoin without forking its code.
What is the significance of verifying the first-ever zero-knowledge proof (ZKP) on Bitcoin?
The verification of the first-ever ZKP on Bitcoin enables unlimited scaling and functionality on the Bitcoin network without needing changes to its base layer, representing a significant technical advancement.
What is BitSNARK?
BitSNARK is a software library for verifying zkSNARKs, a type of ZKP on Bitcoin, which allows developers to build layer-2 (L2) rollups and near-trustless bridges between the Bitcoin mainchain and L2 rollups.
How does BOS enhance security and trust?
BOS eliminates the need to trust a company or federation majority by allowing users to trust a decentralized, dynamic operator set of potentially hundreds of members, ensuring the system’s cryptographic assurances protect against threats.
What makes BOS rollups interoperable?
All rollups on BOS settle their transactions to Bitcoin using ZK proofs verified by a shared and open operator set, allowing them to share users, applications, liquidity, and functionality seamlessly.
How does BOS impact the altcoin ecosystem?
BOS combines Bitcoin’s security and network effects with a modular L2 architecture, potentially bringing the $1.1 trillion altcoin ecosystem back to the Bitcoin network with enhanced functionality and scalability.
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