Bitcoin Mainnet Achieves Milestone with First Verified ZK-Proof
First verified ZK-proof on Bitcoin mainnet sparks new era
In a landmark achievement for the Bitcoin network, BitcoinOS (BOS) has successfully verified the first zero-knowledge (ZK) proof on Bitcoin's mainnet. This verification, completed on July 24, opens up new possibilities for enhancing Bitcoin's scalability and functionality without altering its base layer. Edan Yago, co-founder of BOS, remarked that this advancement moves Bitcoin beyond its traditional role as "digital gold," transforming it into a robust platform capable of supporting a wide range of decentralized applications.
The technology behind this breakthrough is BOS's BitSNARK, a ZK Succinct Non-Interactive Argument of Knowledge (zk-SNARK) verification software. BitSNARK allows for the creation of "near-trustless bridges" that facilitate the movement of Bitcoin between the mainnet and layer-2 rollups. This innovation not only enhances transaction privacy but also enables complex smart contracts to be executed on the Bitcoin network, significantly broadening its use cases.
Yago highlighted the potential for Bitcoin to evolve into an "operating system" for decentralized services, including DAOs and DeFi. This shift is particularly noteworthy because it allows for the integration of new features into the Bitcoin network in a permissionless manner, circumventing the need for traditional upgrades like soft forks or changes to the consensus protocol. Yago suggested that this capability turns Bitcoin's perceived limitations into strengths, making it more adaptable to future innovations.
This milestone comes shortly after StarkWare's successful verification of a ZK-proof on Bitcoin's testnet, Signet, on July 17. StarkWare's efforts, which followed three months of testing, have laid the groundwork for ZK-based layer-2 solutions aimed at improving Bitcoin's scalability and global payment functionalities. Together, these advancements signal a significant shift in the capabilities of the Bitcoin network, positioning it as a more versatile and competitive player in the blockchain space.
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