2 hours ago
BitcoinOS (BOS) is acceptable to integrate its Grail span with B² Network’s mainnet this year, enabling trustless bridging of BTC and Bitcoin assets utilizing zero-knowledge proofs. This collaboration aims to unafraid implicit $110 cardinal worthy of assets connected B² Network, a modular Bitcoin Layer 2 solution.
BOS’s integration volition leverage the ZK-based BitSNARK verification protocol, enhancing information and scalability for Bitcoin-based DeFi applications. B² Network, which offers EVM compatibility and faster transaction speeds than Bitcoin’s Layer 1, volition payment from BOS’s capabilities to supply institutional-grade plus information astatine Bitcoin’s scaling and exertion layer.
Edan Yago, CEO and Co-founder of BOS stated that this concern signifies manufacture designation of their enactment successful bolstering a increasing ecosystem of Bitcoin rollups.
“We are enabling developers to physique everything from existent Bitcoin Layer 2s and trustless bridges to afloat programmable tokens connected Bitcoin,” helium said.
Arwen, Chief Ecosystem Officer of B² Network, commented that BitcoinOS helps further their ngo to securely standard Bitcoin without compromising its Proof-of-Work security. “Together, we volition alteration institutions and liquidity providers to comfortably deploy BTC to DeFi,” Arwen added.
This concern is important for Bitcoin-based DeFi, arsenic B² Network provides liquidity for different ecosystems similar Aptos. Its integration with BOS offers enhanced information and ratio successful cross-chain transactions. BOS’s breakthrough successful utilizing zero-knowledge proofs allows developers to embed information from different blockchains straight into Bitcoin transactions. The institution verified the archetypal ZK impervious connected Bitcoin astatine artifact 853626, demonstrating the anticipation of gathering roll-ups.
Per documentation from B² Network, the web employs ZK-Rollup exertion with zkEVM to execute idiosyncratic transactions wrong the Layer 2 web and make related proofs. Its architecture consists of a roll-up and a information availability layer, including decentralized retention and B² nodes that execute functions similar incentivizing storage, validating proofs, and providing sequencer services. The web claims to beryllium implicit 50 times cheaper and 300 times faster than Bitcoin’s Layer 1.
B² Network aims to alteration Bitcoin into a versatile level supporting assorted applications, including DeFi and NFTs. Its ngo is to physique a premier Bitcoin Layer 2 web and revive the builder civilization successful the Bitcoin ecosystem.
BitcoinOS is an operating strategy that adds astute declaration functionality to Bitcoin. It allows developers to unlock Bitcoin’s imaginable for high-throughput, secure, and programmable transactions portion preserving the network’s decentralization and resilience.
The integration betwixt BOS and B² Network is scheduled to beryllium completed by the extremity of 2024.
The station BitcoinOS and B2 Network to unafraid $110M successful Bitcoin DeFi assets successful 2024 appeared archetypal connected CryptoSlate.
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