Layer-2 blockchain community Construct on Bitcoin (BOB) has rolled out a significant technical improve that brings it nearer to getting a totally decentralized mark on L2Beat, a platform that ranks the maturity and decentralization of layer-2 networks.
BOB, which goals to carry Ethereum-style decentralized finance (DeFi) capabilities to Bitcoin, has carried out zero-knowledge (ZK) fraud proofs inside an optimistic rollup framework.
Because of this BOB is utilizing an optimistic rollup construction however replaces the standard and gradual fraud-checking course of with sooner ZK fraud proofs, a shift that permits transaction disputes to be resolved in minutes utilizing cryptographic proofs.
The brand new implementation goals to decrease friction for customers and scale back the barrier to participation in securing the community.
Construct on Bitcoin joins the complete decentralization race
BOB co-founder, Alexei Zamyatin, instructed Cointelegraph that its new Kailua improve brings the blockchain to stage 0 on the L2Beat platform, permitting it to affix 24 different protocols within the rollup rankings on the platform.
“This improve will take BOB to stage 0 on L2BEAT,” Zamyatin instructed Cointelegraph. “It’s then a comparatively quick soar to attain phases 1 and a pair of.”
L2Beat ranks layer-2 maturity and decentralization by inserting particular necessities, resembling having purposeful fraud-proof programs and having safety councils. It assigns phases from 0 to three after reviewing and figuring out the standing of protocols based mostly on its requirements.
“The Kailua improve solves the largest problem of reaching phases 1 and a pair of, having a functioning proof system, which provides BOB full Ethereum safety,” Zamyatin instructed Cointelegraph.
The group added that the one remaining hurdle is including a safety council with ample exterior entities and a delay in code updates. “These updates are additionally in progress,” Zamyatin instructed Cointelegraph.
At present, 22 protocols have achieved stage 0 and 1 on the platform, whereas solely two protocols, specifically ZK.Cash v1 and Honeypot PRT have achieved stage 2 on the platform.
Rollups like Arbitrum One, Base Chain and OP Mainnet are a number of the high protocols when it comes to whole worth secured.
Cointelegraph reached out to L2Beat for feedback however had not acquired a response by publication.
Associated: Ethereum Foundation roadmap targets zkEVM in mainnet within a year
Unlocking ZK verification on Bitcoin
Zamyatin additionally instructed Cointelegraph that the current ZK upgrades to BOB open up the trail for ZK verification on Bitcoin.
“With the ZK upgrades to BOB, we additionally unlock ZK verification on crucial community: Bitcoin,” Zamyatin stated, including that with BitVM, the identical validity proofs on the BOB chain can be verified on Bitcoin.
He stated this was a “key constructing block” for a totally Bitcoin-secured bridge powered by BitVM, which brings sensible contracts and programmability to Bitcoin.
He added that combining all these items makes BOB a gateway to Bitcoin DeFi. “With all the things anchored in Bitcoin safety, BOB affords customers, establishments, DeFi protocols and different chains entry to native BTC on BOB, powered by BitVM,” Zamyatin instructed Cointelegraph.
In a earlier interview, he predicted that Bitcoin DeFi would surpass Ethereum and Solana and have over 300 million customers.
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