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Cryptocurrency News Articles

BitcoinOS (BOS) Verifies First-Ever Zero-Knowledge Proof (ZKP) on the Bitcoin Mainchain

Jul 25, 2024 at 11:29 pm

In a historic achievement, BitcoinOS (BOS), a superlayer protocol of trustless and interoperable Bitcoin rollups, has successfully verified the first-ever

BitcoinOS (BOS) Verifies First-Ever Zero-Knowledge Proof (ZKP) on the Bitcoin Mainchain

BitcoinOS (BOS), a superlayer protocol for trustless and interoperable Bitcoin rollups, has made history by successfully verifying the first-ever zero-knowledge proof (ZKP) on the Bitcoin mainchain.

This milestone was achieved live on stage at the Bitcoin 2024 event, and its final verification was confirmed in block 853626. As Edan Yago, a core contributor to BitcoinOS, puts it, this marks the first permissionless upgrade of the Bitcoin system.

“With BOS, the dependence on Bitcoin Improvement Proposals to introduce changes such as covenants to Bitcoin is massively reduced or, potentially, completely eliminated,” said Yago. “This paves the way for more developers to build on Bitcoin more efficiently and enables true decentralization.”

ZKPs are a type of cryptographic proof that allows one party to prove to another that a statement is true without conveying any information apart from the fact that the statement is indeed true. This technology enables developers to build layer-2 (L2) rollups.

The BOS team also demonstrated how ZKPs enable users to create conditional payments based on cryptographic proofs with BitSNARK, BitcoinOS’s technology for verifying zkSNARKs. This allows developers to create near-trustless bridges for moving their BTC back and forth between the Bitcoin mainchain and L2 rollups. BitcoinOS aligns with Bitcoin’s original promise—a trustless peer-to-peer digital money system. It remains decentralized, immutable, and secure while enabling efficient development.

Bitcoin, the first-ever digital currency, has always had difficulty handling many transactions simultaneously. However, this recent breakthrough by BitcoinOS (BOS) could change everything. ZKPs are a type of secret code that lets you prove something is true without giving away any other information. For Bitcoin, transactions are made off the main network quickly and safely.

By checking ZKPs on the main network, BitcoinOS opens up endless possibilities for handling more transactions. Developers can now build layer-2 (L2) rollups that work smoothly with the Bitcoin network. BitcoinOS acts as a bridge between the main network and L2 rollups. Users can move their Bitcoin back and forth without trusting a central authority. This approach without trust makes everything more secure and spread out.

Original source:coinfomania

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