BitcoinOS (BOS) plans to combine its Grail bridge with the B² Community's mainnet this yr, enabling trustless bridging of BTC and Bitcoin property utilizing zero-knowledge proofs. The partnership goals to safe over $110 million in property on the B² Community, a modular Bitcoin layer 2 answer.
BOS integration leverages the ZK-based BitSNARK verification protocol to reinforce the safety and scalability of Bitcoin-based DeFi purposes. Providing EVM compatibility and sooner transaction speeds than Bitcoin's Layer 1, the B² community will profit from BOS's potential to supply institutional-grade asset safety at Bitcoin's scaling and utility layers.
BOS CEO and co-founder Edan Yago mentioned the partnership signifies trade recognition for Bitcoin Rollup's efforts to strengthen its rising ecosystem.
“We’re enabling builders to construct the whole lot from true Bitcoin Layer 2 and trustless bridges to totally programmable tokens on prime of Bitcoin,” he mentioned.
Arwen, Chief Ecosystem Officer at B² Community, commented that BitcoinOS will assist additional the corporate's mission to securely scale Bitcoin with out compromising proof-of-work safety. . “We are going to work collectively to make it simpler for establishments and liquidity suppliers to comfortably deploy BTC into DeFi,” Arwen added.
This partnership is essential for Bitcoin-based DeFi as B² Community offers liquidity to different ecosystems like Aptos. Integration with BOS enhances the safety and effectivity of cross-chain transactions. BOS’ breakthrough in using zero-knowledge proofs permits builders to embed information from different blockchains instantly into Bitcoin transactions. The corporate validated Bitcoin's first ZK proof in block 853626, demonstrating the feasibility of constructing rollups.
In accordance with B² Community documentation, the community employs ZK-Rollup expertise utilizing zkEVM to execute consumer transactions inside a layer 2 community and generate related proofs. Its structure consists of a rollup layer and an information availability layer, together with distributed storage and B² nodes that carry out features similar to encouraging storage, validating proofs, and offering sequencer companies. The community claims to be over 50 occasions cheaper and over 300 occasions sooner than Bitcoin's layer 1.
B² Community goals to remodel Bitcoin into a flexible platform that helps quite a lot of purposes similar to DeFi and NFTs. Its mission is to construct the very best Bitcoin Layer 2 community and revive the builder tradition within the Bitcoin ecosystem.
BitcoinOS is an working system that provides good contract performance to Bitcoin. This permits builders to unlock Bitcoin's potential for high-throughput, safe, and programmable transactions whereas retaining the community decentralized and resilient.
The mixing of BOS and B² Community is anticipated to be accomplished by the top of 2024.
