Build on Bitcoin adds ZK-proofs in upgrade toward decentralization

Layer-2 blockchain web Build connected Bitcoin (BOB) has rolled retired a large method upgrade that brings it person to getting a afloat decentralized people connected L2Beat, a level that ranks the maturity and decentralization of layer-2 networks. 

BOB, which aims to bring Ethereum-style decentralized concern (DeFi) capabilities to Bitcoin, has implemented zero-knowledge (ZK) fraud proofs wrong an optimistic rollup framework. 

This means that BOB is utilizing an optimistic rollup operation but replaces the accepted and dilatory fraud-checking process with faster ZK fraud proofs —  a displacement that allows transaction disputes to beryllium resolved successful minutes utilizing cryptographic proofs.

The caller implementation aims to little friction for users and trim the obstruction to information successful securing the network. 

Build connected Bitcoin joins the afloat decentralization race

BOB co-founder, Alexei Zamyatin, told Cointelegraph that its caller Kailua upgrade brings the blockchain to Stage 0 connected the L2Beat platform, allowing it to articulation 24 different protocols successful the rollup rankings connected the platform. 

“This upgrade volition instrumentality BOB to signifier 0 connected L2BEAT,” Zamyatin told Cointelegraph. “It’s past a comparatively abbreviated leap to execute stages 1 and 2.” 

L2Beat ranks layer-2 maturity and decentralization by placing circumstantial requirements, specified arsenic having functional fraud-proof systems and having information councils. It assigns stages from zero to 3 aft reviewing and determining the presumption of protocols based connected its standards. 

“The Kailua upgrade solves the biggest situation of reaching stages 1 and 2, having a functioning impervious system, which gives BOB afloat Ethereum security,” Zamyatin told Cointelegraph. 

The squad added that the lone remaining hurdle is adding a information assembly with capable outer entities and a hold successful codification updates. “These updates are besides successful progress,” Zamyatin told Cointelegraph. 

Currently, 22 protocols person achieved Stage 0 and 1 connected the platform, portion lone 2 protocols, namely ZK.Money v1 and Honeypot PRT person achieved Stage 2 connected the platform. 

Rollups that passed L2Beat’s screening requirements. Source: L2Beat

Rollups similar Arbitrum One, Base Chain and OP Mainnet are immoderate of the apical protocols successful presumption of full worth secured. 

Cointelegraph reached retired to L2Beat for comments but did not person a effect by publication. 

Related: Ethereum Foundation roadmap targets zkEVM successful mainnet wrong a year

Unlocking ZK verification connected Bitcoin 

Zamyatin besides told Cointelegraph that the caller ZK upgrades to BOB unfastened up the way for ZK verification connected Bitcoin. 

“With the zk upgrades to BOB, we besides unlock zk verification connected the astir important network: Bitcoin,” Zamyatin said, adding that with BitVM, the aforesaid validity proofs connected the BOB concatenation tin besides beryllium verified connected Bitcoin. 

He said this was a “key gathering block” for a afloat Bitcoin-secured span powered by BitVM, which brings astute contracts and programmability to Bitcoin. 

He added that combining each these pieces makes BOB a gateway to Bitcoin DeFi. “With everything anchored successful Bitcoin security, BOB offers users, institutions, DeFi protocols and different chains entree to autochthonal BTC connected BOB, powered by BitVM,” Zamyatin told Cointelegraph. 

In a erstwhile interview, helium predicted that Bitcoin DeFi would surpass Ethereum and Solana and person implicit 300 cardinal users. 

Magazine: Ethereum is destroying the contention successful the $16.1T TradFi tokenization race