BitcoinOS has made a historic advancement in the cryptocurrency landscape by successfully verifying the first-ever zero-knowledge proof (ZK-proof) on the Bitcoin mainnet. This achievement promises to revolutionize Bitcoin’s scalability and functionality without necessitating any changes to the consensus code.
Breakthrough Verification on Bitcoin Mainnet
In a significant development, BitcoinOS has introduced a game-changing protocol by verifying a zero-knowledge proof on Bitcoin’s mainnet. This milestone, confirmed in block 853626, allows Bitcoin to achieve unlimited scalability and enhanced functionality without the need for a soft fork. The breakthrough signifies a major leap in making Bitcoin infinitely upgradable in a permissionless manner.
Edan Yago, a core contributor to BitcoinOS, emphasized the importance of this advancement, stating, “This is the first permissionless upgrade of the Bitcoin system and the first time Bitcoin has been upgraded without a soft fork. With BitcoinOS, the dependency on Bitcoin Improvement Proposals for introducing changes, such as covenants, is significantly reduced or potentially eliminated.”
Impact on Bitcoin’s Ecosystem
The successful verification of the ZK-proof not only enhances Bitcoin’s scalability but also positions it to compete with other leading cryptocurrencies like Solana. By facilitating more efficient development on the Bitcoin blockchain, BitcoinOS aims to draw the $1.1 trillion altcoin market back to the Bitcoin network, fostering a new era of decentralization and innovation.
In addition to the ZK-proof achievement, BitcoinOS has developed a blockchain explorer for analyzing Bitcoin ZK transactions and will soon release the first ZK Proof Ordinal. These tools are expected to further support and streamline development on the Bitcoin blockchain.
Looking Ahead: Bitcoin Conference and Market Dynamics
BitcoinOS will celebrate this groundbreaking achievement at the upcoming Bitcoin Conference in Nashville, Tennessee, a major event expected to attract a significant crowd of crypto experts and enthusiasts. Notably, the conference will feature a highly anticipated speech by former President Donald Trump.
In market news, Bitcoin’s price has seen a recent decline of 2% over the past 24 hours, trading below $64,500. The cryptocurrency experienced a low of $63,833 and a high of $67,113 during the same period. Despite the drop, trading volume has seen a slight increase.
This landmark development marks a pivotal moment for Bitcoin, potentially transforming its role and capabilities within the broader cryptocurrency ecosystem.
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