Contents
- Rollups can use Bitcoin (BTC) for data availability, Rollkit releases demo
- No ‘sweeping rallies’ on Bitcoin (BTC), says Ethereum (ETH) investor Ryan Berckmans
all about cryptop referances
Bitcoin (BTC) Could Serve as Data Availability Layer for Rollups, New Research Says, Here’s Why the Ethereum (ETH) Community Is Very Pessimistic About This Possibility
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Contents
Rollkit, a modular framework for rollups, shares the design of a concept that uses the functionality of Taproot to use Bitcoin (BTC) as a data availability layer for rollups. Meanwhile, Ethereum (ETH) investors are confident that the largest blockchain can be exploited in ZK-powered networks in a more productive way.
According to a statement shared by Rollkit, it has completed the “research implementation” of rollup infrastructure that uses Bitcoin (BTC) for data availability. The platform released the Bitcoin DA package written in Go; via Taproot transactions, it can read and write data on the Bitcoin (BTC) blockchain.
With this instrument, two functions of the Bitcoin (BTC) codebase, SubmitBlock and Get blocks, can be used to publish data to Bitcoin (BTC) and restore it. The platform is blockchain-agnostic by design; it is compatible with all major execution layers (virtual machines), including the likes of EVM, CosmWasm as well as the Cosmos SDK.
The team of Rollkit published a demo version of the Ethereum Virtual Machine (EVM) running on top of Bitcoin (BTC). In the demo, EVM becomes fully functional on top of the “local” Bitcoin (BTC) testnet as a “supreme rollout.”
Such a release could be a game changer in terms of the availability and resource efficiency of new blockchains; sovereign chains will retain the security and decentralization of their L1s.
Ethereum (ETH) investor, educator and community enthusiast Ryan Berckmans advised Rollkit to avoid calling the product a digest. Thanks to its technical design, it cannot be marketed as an L2, he stressed:
A ‘supreme rollup on Bitcoin’ is actually an alt L1 that stores its block data on Bitcoin. It’s not a true rollup or a true L2. In my opinion, the best way for us to fight back against these lies is to build an Ethereum zk L2 that puts its data on Bitcoin.
Should this “true” ZK-powered second-layer solution on Bitcoin (BTC) be activated, the entire Bitcoin (BTC) network will be able to onboard a “small part” of Ethereum’s L2 ecosystem. At the same time, it would be a good “starter” before the long-awaited “flip”.
For years, developers have introduced various scaling designs that will introduce Bitcoin (BTC) to the L2 ecosystem: Lighting Network payment channels, Stacks and Rootstock smart contract platforms and so on.
At press time, over $6.21 billion in equivalent is locked in Ethereum’s L2 ecosystem.