BitcoinOS, a superlayer protocol of trustless and interoperable Bitcoin rollups, has successfully verified the first-ever zero-knowledge proof (ZK-proof) on the Bitcoin mainnet, marking a groundbreaking milestone in crypto history. This unlocks unlimited scaling and functionality on Bitcoin without requiring any soft fork.

BitcoinOS Verifies ZK-proof on Bitcoin Mainnet

BitcoinOS created a historic moment in the crypto history making Bitcoin infinitely upgradable in a permissionless manner while requiring no changes to the consensus code. This means developers can build on Bitcoin blockchain without soft forks, enabling unlimited scaling and functionality.

 

The team confirmed that they successfully verified the first-ever ZK-proof on the Bitcoin mainnet. The final verification was confirmed in block 853626. The team also successfully controlled both BTC and Ordinals with a ZK-Bitcoin smart contract.

“This is the first permissionless upgrade of the Bitcoin system and the first time Bitcoin has been upgraded without a soft fork. With BOS, the dependence on Bitcoin Improvement Proposals to introduce changes such as covenants to Bitcoin is massively reduced or, potentially, completely eliminated,” said Edan Yago, core contributor to BitcoinOS.

Also Read: Here’s Why Ethereum Price Is Falling Today

The New Era Of Crypto Market

The major development paves the way for more developers to build on the blockchain more efficiently and enables true decentralization. Bitcoin blockchain can rival the functionality of other crypto like Solana. It will help bring the $1.1 trillion altcoin market back home to the Bitcoin network.

BitcoinOS asserts the first ZK Proof Ordinal will also become available soon as developers. The team has also built a blockchain explorer for Bitcoin ZK transactions.

They will be celebrating the start of a new era for Bitcoin at the Bitcoin Conference in Nashville, Tennessee. The conference is expected to witness a massive gathering of crypto experts and enthusiasts. Donald Trump’s speech is the most talked about event in the conference.

BTC price fell 2% in the past 24 hours, with the price currently trading below $64,500. The 24-hour low and high are $63,833 and $67,113, respectively. Furthermore, the trading volume has increased slightly in the last 24 hours.

Also Read: Ripple CEO Brad Garlinghouse Defends Kamala Harris Amid Crypto Backlash

The post BitcoinOS Makes Breakthrough, Unlocks Bitcoin Scalability & Functionality appeared first on CoinGape.

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Filed under: News - @ July 25, 2024 7:25 am