BitcoinOS Makes Breakthrough, Unlocks Bitcoin Scalability & Functionality

Varinder Singh
July 25, 2024
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Highlights

  • BitcoinOS verifies the first-ever zero-knowledge proof (ZK-proof) on the Bitcoin mainnet.
  • It makes Bitcoin infinitely upgradable in a permissionless manner while requiring no changes to the consensus code.
  • Bitcoin blockchain can rival the functionality of other crypto like Solana and bring the development back to the chain.
  • Developers can build on the blockchain more efficiently and enables true decentralization.

BitcoinOS, a superlayer protocol of trustless and interoperable Bitcoin rollups, has successfully verified the first-ever zero-knowledge proof (ZK-proof) on the Bitcoin mainnet, marking a groundbreaking milestone in crypto history. This unlocks unlimited scaling and functionality on Bitcoin without requiring any soft fork.

BitcoinOS Verifies ZK-proof on Bitcoin Mainnet

BitcoinOS created a historic moment in the crypto history making Bitcoin infinitely upgradable in a permissionless manner while requiring no changes to the consensus code. This means developers can build on Bitcoin blockchain without soft forks, enabling unlimited scaling and functionality.

The team confirmed that they successfully verified the first-ever ZK-proof on the Bitcoin mainnet. The final verification was confirmed in block 853626. The team also successfully controlled both BTC and Ordinals with a ZK-Bitcoin smart contract.

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“This is the first permissionless upgrade of the Bitcoin system and the first time Bitcoin has been upgraded without a soft fork. With BOS, the dependence on Bitcoin Improvement Proposals to introduce changes such as covenants to Bitcoin is massively reduced or, potentially, completely eliminated,” said Edan Yago, core contributor to BitcoinOS.

Also Read: Here’s Why Ethereum Price Is Falling Today

The New Era Of Crypto Market

The major development paves the way for more developers to build on the blockchain more efficiently and enables true decentralization. Bitcoin blockchain can rival the functionality of other crypto like Solana. Also, it will help bring the $1.1 trillion altcoin market back home to the Bitcoin network.

BitcoinOS asserts the first ZK Proof Ordinal will also become available soon as developers build. The team has also built a blockchain explorer to check and analyze Bitcoin ZK transactions.

They will be celebrating the start of a new era for Bitcoin at the Bitcoin Conference in Nashville, Tennessee. The conference is expected to witness a massive gathering of crypto experts and enthusiasts. Donald Trump’s speech is the most talked about event in the conference.

BTC price fell 2% in the past 24 hours, with the price currently trading below $64,500. The 24-hour low and high are $63,833 and $67,113, respectively. Furthermore, the trading volume has increased slightly in the last 24 hours.

Also Read: Ripple CEO Brad Garlinghouse Defends Kamala Harris Amid Crypto Backlash

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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