The BVM team has launched BitZK, a groundbreaking service that uses zero-knowledge proofs to enhance the scalability of Bitcoin. In response to the increasing on-chain activity, BitZK allows users to create backups and migrate applications from Ethereum to Bitcoin to address the growing demand for block space.
Historical measures for Bitcoin scalability
Scaling the Bitcoin network has been a long-standing challenge. Previous attempts, including increasing block sizes and developing second-layer solutions, have faced many obstacles. With the surge in on-chain activity driven by protocols like Ordinals and Runes, the need for efficient scaling solutions has become urgent. The deployment of BitZK marks a milestone moment, using zero-knowledge proofs to compress data, replicating the successful technology implemented in Ethereum’s rollups. Visit NEWSLINKER for the latest tech news.
The launch of BitZK by BVM represents a significant technological advancement, bringing the first batch of Bitcoin ZK rollups to the mainnet. This innovation strengthens the capabilities of Bitcoin, allowing it to support applications typically associated with multi-functional networks like Ethereum.
Service pricing and early adoption
BitZK service is launched at a basic price of $99 per month, covering the operational costs of memory, CPU, and storage for operating Bitcoin’s second layer. Additional pricing tiers of $499 and $1999 cater to different user needs. Notable early adopters include Bitcoin second layer projects such as RWA Chain, POWD3R Blockchain, and Octopus Bridge, highlighting the potential for widespread adoption of the service.
Specific advantages of BitZK
Key benefits for users include:
– Enhanced scalability of Bitcoin due to zero-knowledge proof compression.
– Economically efficient migration from Ethereum to Bitcoin infrastructure.
– Higher versatility and functionality for Bitcoin network applications.
– Tiered pricing to meet different needs.
– Utilizing Bitcoin’s infrastructure to enhance security and data availability.
The launch of BitZK by BVM is part of its broader mission to utilize Bitcoin as a transactional level consensus data layer. In doing so, BitZK enhances the security and data availability of Bitcoin without relying on additional networks or consensus protocols. This initiative aims to transform Bitcoin into a more versatile, powerful platform while retaining its inherent security advantages.
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