The post BitcoinOS Achieves Historic Move with First Zero-Knowledge Proof on Bitcoin appeared on BitcoinEthereumNews.com.

BitcoinOS pioneers zero-knowledge proof (ZKP) verification on Bitcoin’s mainnet. This breakthrough enables enhanced functionality without altering Bitcoin’s core code.  BitcoinOS is developing tools to leverage ZKPs, fostering innovation on the network. BitcoinOS just pulled off a crypto first: they verified the first-ever zero-knowledge proof (ZKP) directly on Bitcoin’s mainnet, a technical milestone that could unlock a slew of scaling and functionality on Bitcoin. This breakthrough, confirmed in block 853626, ushers in a new era of scalability and functionality for the Bitcoin blockchain, traditionally limited by the need for soft forks to implement upgrades. 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 In a nutshell, ZKP would allow enhancements to the network without requiring changes to its core consensus code. This advancement positions Bitcoin as a more competitive alternative to newer blockchain technologies like Solana, potentially matching or surpassing their functionality. Edan Yago, a core contributor to BitcoinOS, emphasized the significance of this achievement, stating: “This is the first time Bitcoin has been upgraded without a soft fork, reducing or possibly eliminating the reliance on formal proposals to introduce features such as covenants to Bitcoin.”  To further capitalize on this breakthrough, BitcoinOS has announced plans to release the first ZK Proof Ordinal and is actively developing a dedicated blockchain explorer for analyzing ZK transactions on Bitcoin, enhancing transparency and insight into this emerging technology. The verification of the zero-knowledge proof by BitcoinOS is expected to be a highlight of the upcoming Bitcoin Conference in Nashville, Tennessee, where a large gathering of market analysts and enthusiasts…

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Filed under: News - @ July 25, 2024 11:22 pm