BitcoinOS (BOS) is ready to combine its Grail Bridge into the B² Community mainnet this 12 months, enabling trustless bridging of BTC and Bitcoin property utilizing zero-knowledge proofs. This collaboration goals to safe over $110 million in property on B² Community, a modular Bitcoin Layer 2 answer.
The BOS integration will leverage the ZK-based BitSNARK verification protocol, bettering the safety and scalability of Bitcoin-based DeFi functions. B² Community, which provides EVM compatibility and transaction speeds quicker than Bitcoin Layer 1, will profit from BOS capabilities to offer institutional-grade asset safety on the scaling and layer 1 degree. Bitcoin utility.
Edan Yago, CEO and co-founder of BOS mentioned this partnership means the business acknowledges its work to strengthen a rising Bitcoin accumulation ecosystem.
“We allow builders to create every thing from true Bitcoin Layer 2 and trustless bridges to totally programmable tokens on Bitcoin,” he mentioned.
Arwen, Chief Ecosystem Officer of B² Community, mentioned that BitcoinOS helps additional their mission to securely scale Bitcoin with out compromising its proof-of-work safety. “Collectively we’ll allow establishments and liquidity suppliers to comfortably deploy BTC on DeFi,” added Arwen.
This partnership is vital for Bitcoin-based DeFi as a result of B² Community supplies liquidity to different ecosystems like Aptos. Its integration with BOS supplies improved safety and effectivity in cross-chain transactions. BOS's breakthrough in utilizing zero-knowledge proofs permits builders to combine information from different blockchains instantly into Bitcoin transactions. The corporate verified the primary ZK proof on Bitcoin at block 853626, demonstrating the potential of creating roll-ups.
In line with B² Community documentation, the community makes use of ZK-Rollup expertise with zkEVM to execute consumer transactions inside the Layer 2 community and generate the related proofs. Its structure consists of a knowledge rollup and availability layer, together with decentralized storage and B² nodes that carry out features equivalent to incentivizing storage, validating proof, and offering sequencer companies. The community claims to be over 50 occasions cheaper and 300 occasions quicker than Bitcoin Layer 1.
B² Community goals to rework Bitcoin into a flexible platform supporting numerous functions together with DeFi and NFT. Its mission is to construct a primary Bitcoin Layer 2 community and revive the builder tradition within the Bitcoin ecosystem.
BitcoinOS is an working system that provides sensible contract performance to Bitcoin. It permits builders to unlock Bitcoin's potential for high-speed, safe, and programmable transactions whereas sustaining community decentralization and resilience.
The mixing between BOS and B² Community is anticipated to be accomplished by the top of 2024.
