Brollups: A Bitcoin-Native Rollup Design Unveiled by Lightning Network Exploiter Burak

Bitcoin developer Burak, renowned for his exploits with the Lightning Network, has unveiled a groundbreaking layer 2 solution named “Brollups.”

Bitcoin developer Burak, well-known for his work with the Lightning Network, has announced a new layer 2 solution called “Brollups.” This innovation aims to support over 90% of decentralized finance (DeFi) use cases, such as NFT sales and token trades on decentralized exchanges (DEXs), without requiring a hard fork or a new token.

In a recent Trading View update, Burak highlighted his focus on bringing more DeFi use cases to Bitcoin through Brollups. This new solution bundles transactions and is operated by parties who chain Bitcoin transactions at regular intervals on the Bitcoin Virtual Machine. This integration enhances Bitcoin’s scalability and utility in the DeFi sector.

As mentioned in a recent CNF YouTube video, Brollups are currently in the design phase, with a testnet version expected later this year.

In a June 21 Medium post, Burak explained that Brollups are deeply integrated with Bitcoin, enabling transactions to be bundled and executed directly on the Bitcoin network. He highlighted their potential for verifiable, scalable, and enforceable DeFi applications.

In a recent tweet, Burak shared further details about the development and capabilities of Brollups.

Introducing Brollups: a Bitcoin-native rollup design that works with a native Bitcoin peg and requires no changes to the Bitcoin protocol.https://t.co/OW2y0xJrg0

— Burak (@brqgoo) June 21, 2024

Burak has received significant praise from the Bitcoin community for developing Brollups without the need for a hard fork or a new token. His previous work includes exploiting the Lightning Network in October 2022 with a 998-of-999 multisignature Taproot transaction, which prompted an emergency update for Lightning Network node operators. This incident demonstrated an unforeseen consequence of the Taproot upgrade.

While Taproot transactions peaked at 46.4% of all Bitcoin transactions in December 2023, they have since declined to 30%. Burak's contributions, along with other Bitcoin scaling projects like Drivechain and Spiderchain, continue to enhance Bitcoin’s functionality in the DeFi space.

As Brollups progresses towards a testnet release, the Bitcoin community can expect to see increased capabilities from this solution. In previous CNF updates, we covered Bitcoin consolidating at $65,000, with traders speculating on whether it will reach $70,000 or drop to $60,000 next. At the time of writing, Bitcoin (BTC) trades at $61,357.05, showing a 4.69% decrease in the past day and a 6.57% decline in the past week. Check out the BTC price chart for more details.

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