Bitcoin is preparing to welcome zero-knowledge (ZK) rollups, a technology that could enhance its scalability and privacy. ZK rollups are a type of layer 2 solution that compresses and verifies transactions off-chain while maintaining their security and finality on-chain.
ZK rollups use zero-knowledge proofs, a cryptographic technique that allows one party to prove something to another without revealing any extra information.
Two Crypto Companies Competing for the Breakthrough
Recently, two projects have made significant progress in developing ZK rollups for Bitcoin. Chainway, a blockchain infrastructure provider, has open-sourced its data availability (DA) adapter, which enables developers to use Bitcoin’s security and finality for their rollups.
The DA adapter works with Sovereign, a software development kit (SDK) that offers various services for building different kinds of rollups. Chainway’s launch aims to create the first ZK rollup on Bitcoin.
Another project that is working on ZK rollups for Bitcoin is Kasar Labs, a blockchain development company. Kasar Labs has partnered with Taproot Wizards, a group of Bitcoin experts, to launch a DA adapter for Bitcoin simultaneously with Chainway.
The DA adapter allows developers to connect the Madara stack to Bitcoin and run a Starknet-based rollup. Starknet is a scalable and secure layer 2 network that uses the Cairo programming language developed by StarkWare.
Bitcoin is a well-functioning electronic cash system that solves the double spend problem without requiring much change. ZK rollups are a technology that offers a different perspective on Bitcoin.
They are a type of layer 2 solution that compresses and verifies transactions off-chain while maintaining their security and finality on-chain.
ZK rollups do not need any change from Bitcoin itself to work, but they could benefit from a consensus change that would introduce a new opcode. A new opcode would enable more functionality and efficiency for ZK rollups on Bitcoin.
The research on ZK rollups for Bitcoin is exploring the potential of this technology to enhance Bitcoin’s capabilities. ZK rollups could improve Bitcoin’s scalability, privacy, and functionality, without requiring any change from Bitcoin itself.
Bitcoin which is currently trading at $25,253, could benefit from these developments and break away from its current downward trend.
