Key Takeaways:
- BitcoinOS (BOS) verified the first zero-knowledge (ZK) proof on Bitcoin’s mainnet on July 24, enhancing Bitcoin’s functionality and scalability.
- The BitSNARK software allows Bitcoin to support decentralized applications (dApps) and smart contracts without changing its base layer.
- This breakthrough positions Bitcoin as a competitive platform for decentralized services, eliminating the need for soft forks or consensus changes.
BitcoinOS (BOS) successfully verified the first zero-knowledge (ZK) proof on Bitcoin’s mainnet on July 24, marking a significant advancement for Bitcoin’s capabilities beyond being just digital gold.
This achievement, facilitated by BOS’s BitSNARK software, allows for enhanced functionality and scalability without altering Bitcoin’s base layer.
We have done it! For the first time ever a ZK-proof has been verified on Bitcoin Mainnet by BitcoinOS.
— BitcoinOS (@BTC_OS) July 24, 2024
The final verification was confirmed in block 853626.
A historic moment and a historic block.
A new era has begun for Bitcoin enabling unlimited scaling and functionality -… pic.twitter.com/x8akim4SJh
Co-founder Edan Yago emphasized that Bitcoin can now serve as a platform for decentralized applications (dApps), competing with Ethereum and Solana.
The ZK-proof technology enables a single Bitcoin transaction to represent many transactions, supporting privacy and smart contracts.
This breakthrough transforms Bitcoin into an operating system for various decentralized services, making soft forks and consensus changes unnecessary for upgrades.
Earlier, on July 17, StarkWare verified a ZK-proof on Bitcoin’s testnet, laying the groundwork for ZK-based layer-2 solutions to boost Bitcoin’s scalability and global payment capabilities.
About The Author
Victor Fawole, a seasoned Web3 content creator and social media influencer, excels in bringing the pulse of the crypto world to our readers.
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