BitcoinOS Posts “Game-Changing” Whitepaper To Get Rollups On Bitcoin

Blockchain developers are one step closer to launching pool operations on Bitcoin, enabling “unlimited smart contract functionality” and scaling once beyond the OG cryptocurrency network.

On Friday, BitcoinOS published the whitepaper for “BitSNARK and Grail,” a system for connecting Bitcoin to layer 2 blockchains in a trust-minimizing way.

Accumulations on Bitcoin: Is it possible?

The new clustering system is an outgrowth of BitVM – the Bitcoin-based computing model discovered by Robin Linus last year.

Among BitVM's most notable applications has been its ability to verify “summary non-interactive knowledge arguments” (SNARKs) on Bitcoin. Thus, this opened up the possibility of creating Bitcoin Rollup Bridges, scaling technologies similar to Optimism or Arbitrum on Ethereum.

BitSNARK builds on BitVM using a software library optimized for this specific purpose, enabling bridges that are cheap, efficient, and secure enough for practical use.

“This is the solution to Bitcoin’s trilemma of scale, computational expressivity, and decentralization.” books Aidan Yago, one of the paper's authors, tweeted on Thursday. “No soft fork, upgrades, or new opcodes are required.”

New Bitcoin Bridge Model

So far, current Bitcoin layer 2 systems suffer significant trade-offs compared to scaling systems built on more expressive blockchains like Ethereum. For example, Bitcoin's Lightning Network could become impractical for use by individuals due to the cost and complexity of managing the channel.

Furthermore, Bitcoin sidechains like Liquid and Rootstock require third-party consortiums to manage the “bridge” between L1 and L2, representing a single point of failure for both chains.

That's where Grail comes in: The new system uses BitSNARK to create SNARK proofs for pool and Bitcoin transactions and allows secure transfers of assets between L1 and L2 pools.

“While many systems rely on majority voting in a threshold signature system for security, BitSNARK promises to provide stronger security by allowing a single honest agent to prevent abuse by any or all of the other agents.” White papers advertiser.

The Grail Bridge requires at least two operators to function, but in theory any number could be supported, the authors said. Creators can also form systems for old bridge operators to leave the group, or for new operators to join.

Avoids He said The BitcoinOS team currently aims to design a bridge with more than 100 operators.

He added, “The assumption of trust succeeds unless all parties collude.” “That's what makes it so powerful.”

The whitepaper arrives shortly after the launch of Runes – a Bitcoin token protocol that has dramatically increased activity and fees on Bitcoin's base layer over the past week.