Bitcoin
ZK Proofs Come to Bitcoin, Roxom Launches Bitcoin-Based Stock, Commodities and Futures Exchange
BitcoinOS Verifies First ZK Proof on Bitcoin Mainnet
July 25th: BitcoinOSBitcoinOS, a network of Bitcoin-based rollup chains, has verified the first zero-knowledge (ZK) proof on the Bitcoin main chain. ZK cryptography is seen as a key technology for scaling the blockchain’s throughput and utility, but the technology is complicated and computationally intensive — meaning it was unclear if or when it would come to the comparatively basic Bitcoin network. According to the BitcoinOS team, “This is the first permissionless upgrade to the Bitcoin system and the first time Bitcoin has been upgraded without a soft fork.” Bitcoin is now “infinitely upgradable,” the team told CoinDesk, “while requiring no changes to the consensus code.” BitcoinOS aims to be the “ultimate implementation of a Bitcoin rollup system,” eventually serving as a bridge connecting any number of rollups — fast, cheap layer-2 blockchains that are secured by the Bitcoin blockchain and ZK proofs.
Roxom Raises $4.3 Million to Launch Bitcoin-Based Stock, Commodities and Futures Exchange
July 25 (PROTOCOL VILLAGE EXCLUSIVE): Roxom Roxom Inc. has raised $4.3 million in pre-seed funding to launch the first Bitcoin-denominated stock, commodities and futures exchange. The company was founded by CEO Borja Martel and CTO Nick Damico. Martel previously founded Latin America-based cryptocurrency exchange Lemon. Roxom’s round was led by Kingsway, Draper and David Marcus, among others. “Bitcoin-native financial markets are an important step for holders to access a wide range of financial services natively. Roxom is an important step in that direction,” said Marcus.
P2P validation service integrates with Avail Network
July 25th: P2P.org is set to integrate the newly released Take advantage of the network on its non-custodial staking platform. According to the team, the integration with Avail’s Data Availability Network will enable “smoother cross-chain transactions, improving overall interaction with the blockchain.” Key highlights, according to P2P, include a “0% fee incentive for the first three months of AVAIL staking, successful testnet phases managing over 300 million requests and 37,000 concurrent connections, and the deployment of innovative solutions like a proxy balancer for improved network capacity.”
Elastos introduces native Bitcoin staking
July 25 (VILLAGE PROTOCOL EXCLUSIVE): Bitcoin-Based Layer 2 Service Elastos Elastos Inc. says it has introduced native Bitcoin staking for the first time. From the team: “Using the Elastos BeL2 SDK, partners can develop native Bitcoin dapps aimed at incentivizing the staking of over 1 trillion dormant Bitcoins.” The SDK debuted at Bitcoin Nashville 2024, with the StarBTC demo lending app. “Elastos is the only L2 with innovative arbitrator node technology and smart contracts, facilitating dispute resolution and revenue opportunities for node holders staking Elastos ELA or BTC,” the team said.
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Edited by Sam Kessler and Bradley Keoun.