BitcoinOS and B2 Network to secure $110M in Bitcoin DeFi assets in 2024
BitcoinOS and B2 Network to stable $110M in Bitcoin DeFi assets in 2024 BitcoinOS and B2 Network to stable $110M in Bitcoin DeFi assets in 2024
BitcoinOS and B² Network to place trustless bridging the usage of zero-data proofs, improving Bitcoin's scalability and DeFi security.
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BitcoinOS (BOS) is decided to mix its Grail bridge with B² Network’s mainnet this year, enabling trustless bridging of BTC and Bitcoin assets the usage of zero-data proofs. This collaboration objectives to stable over $110 million rate of assets on B² Network, a modular Bitcoin Layer 2 resolution.
BOS’s integration will leverage the ZK-based BitSNARK verification protocol, improving security and scalability for Bitcoin-based DeFi applications. B² Network, which offers EVM compatibility and faster transaction speeds than Bitcoin’s Layer 1, will again from BOS’s capabilities to produce institutional-grade asset security at Bitcoin’s scaling and utility layer.
Edan Yago, CEO and Co-founding father of BOS stated that this partnership signifies industry recognition of their work in bolstering a rising ecosystem of Bitcoin rollups.
“We are enabling developers to kind the entire lot from upright Bitcoin Layer 2s and trustless bridges to totally programmable tokens on Bitcoin,” he stated.
Arwen, Chief Ecosystem Officer of B² Network, commented that BitcoinOS helps additional their mission to securely scale Bitcoin with out compromising its Proof-of-Work security. “Collectively, we are able to enable institutions and liquidity suppliers to comfortably deploy BTC to DeFi,” Arwen added.
This partnership is foremost for Bitcoin-based DeFi, as B² Network offers liquidity for other ecosystems love Aptos. Its integration with BOS offers enhanced security and effectivity in cross-chain transactions. BOS’s breakthrough in the usage of zero-data proofs allows developers to embed data from other blockchains correct away into Bitcoin transactions. The company verified the foremost ZK proof on Bitcoin at block 853626, demonstrating the probably for constructing roll-ups.
Per documentation from B² Network, the community employs ZK-Rollup expertise with zkEVM to enact person transactions at some level of the Layer 2 community and generate linked proofs. Its structure contains a roll-up and an data availability layer, including decentralized storage and B² nodes that produce functions love incentivizing storage, validating proofs, and providing sequencer providers. The community claims to be over 50 cases less expensive and 300 cases faster than Bitcoin’s Layer 1.
B² Network objectives to rework Bitcoin correct into a versatile platform supporting a quantity of applications, including DeFi and NFTs. Its mission is to kind a premier Bitcoin Layer 2 community and revive the builder culture in the Bitcoin ecosystem.
BitcoinOS is an working system that provides clean contract performance to Bitcoin. It allows developers to liberate Bitcoin’s probably for excessive-throughput, stable, and programmable transactions whereas conserving the community’s decentralization and resilience.
The integration between BOS and B² Network is scheduled to be accomplished by the cease of 2024.
Liam 'Akiba' Wright
Customarily identified as "Akiba," Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized expertise has the aptitude to make standard certain alternate.
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