BitcoinOS Claims First Zero-Knowledge Proof Verified on Bitcoin Mainnet
The post BitcoinOS Claims First Zero-Knowledge Proof Verified on Bitcoin Mainnet appeared on BitcoinEthereumNews.com.
Bitcoin may have passed a revolutionary technical milestone this week—one developers say will let them upgrade the network without needing to fork its code. Coders at BitcoinOS claim they have successfully verified a zero-knowledge proof (ZKP) on the Bitcoin mainnet for the first time in history. This was performed in a series of on-chain transactions on Tuesday, with the final verification occurring at Bitcoin block 853626, Decrypt was told. The team will also present this feat in front of a live audience at Bitcoin 2024 in Nashville on Thursday to prove that the grandfather blockchain can already do what was long dismissed as impossible. “The achievement unlocks unlimited scaling and functionality on Bitcoin without requiring additional changes to Bitcoin’s base layer,” said BitcoinOS. 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 BitcoinOS is a project aiming to construct a trustless “superlayer” of interoperable rollups on Bitcoin. Rollups are layer-2 blockchains that allow for faster, cheaper, and more programmable transactions that are later “rolled up” and settled on a more secure layer-1 chain. For rollups to work, ZKPs are necessary—a cryptographic method for proving that off-chain information is true without disclosing the information itself. Rollups and ZKPs are already a core technology for scaling the Ethereum network, but have been left out of the Bitcoin scaling conversation due to perceived technical constraints. That’s forced Bitcoin developers to pursue suboptimal scaling solutions, such as sidechains, which require their users to trust centralized companies and federations not to steal their BTC. Meanwhile, though the more well-known Lightning…
Filed under: News - @ July 26, 2024 1:22 am