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<ul> 
 <li>BitcoinOS verifies the first ZK-proof on the mainnet, enhancing Bitcoin scalability and privacy.</li> 
 <li>ZK-proof allows single transactions to handle thousands, bypassing soft forks.</li> 
 <li>New technology positions Bitcoin as a platform for complex decentralized applications.</li> 
</ul> 
<p>BitcoinOS, a Bitcoin rollups protocol, successfully verified the first zero-knowledge proof (ZK-proof) on the Bitcoin mainnet. This event signifies a pivotal advancement in the blockchain’s scalability and functionality, ushering in new potential for decentralized applications directly on Bitcoin’s main layer.</p> 
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   <p lang="en" dir="ltr">We have done it! For the first time ever a ZK-proof has been verified on Bitcoin Mainnet by BitcoinOS.<br><br>The final verification was confirmed in block 853626.<br><br>A historic moment and a historic block.<br><br>A new era has begun for Bitcoin enabling unlimited scaling and functionality -… <a href="https://t.co/x8akim4SJh">pic.twitter.com/x8akim4SJh</a></p>— BitcoinOS (@BTC_OS) <a href="https://twitter.com/BTC_OS/status/1816180788938870815?ref_src=twsrc%5Etfw">July 24, 2024</a>
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<p>Edan Yago, co-founder of BitcoinOS, emphasized that this verification is more than a technical achievement; it marks Bitcoin’s evolution beyond its original ‘digital gold’ status to a more expansive platform for decentralized solutions. The ZK-proof, verified in block 853626, opens the door for high-capacity and private transactions without altering the existing blockchain structure using the protocol’s BitSNARK library.</p> 
<h2 class="wp-block-heading" id="h-enhanced-scalability-and-functionality">Enhanced Scalability and Functionality</h2> 
<p>The successful deployment of ZK-proof technology on Bitcoin’s mainnet introduces a non-intrusive method to increase the blockchain’s capacity. According to Yago, this breakthrough facilitates handling hundreds or thousands of transactions within a single Bitcoin transaction. This capacity for expanded transaction volume is expected to enhance Bitcoin’s efficiency and scalability significantly.</p> 
<p>By leveraging zero-knowledge proofs, BitcoinOS aims to diminish the reliance on Bitcoin Improvement Proposals for network enhancements, which typically require consensus through soft forks. The new technology supports a more dynamic adaptation process, enabling developers to implement features such as smart contracts and complex transaction types without consensus changes.</p> 
<h2 class="wp-block-heading" id="h-future-prospects">Future Prospects</h2> 
<p>The introduction of ZK-proofs on the Bitcoin mainnet rivals the capabilities of other major blockchain platforms like Ethereum and Solana and positions Bitcoin as a viable foundation for a wide array of decentralized applications (dApps). Developers can now build sophisticated dApps on Bitcoin’s platform, potentially bringing the $1.1 trillion altcoin market closer to Bitcoin’s ecosystem. The scope of possibilities is significantly broadened from decentralized autonomous organizations (DAOs) to financial instruments.<br>The upcoming Bitcoin Conference in Nashville, Tennessee, will feature discussions and presentations on these advancements, where Yago and other contributors will share their insights.</p> 
<h2 class="wp-block-heading" id="h-read-also">Read also:</h2> 
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/marathon-digital-invests-100-million-in-bitcoin-embraces-long-term-hodl-policy/">Marathon Digital Invests $100 Million in Bitcoin, Embraces Long-Term HODL Policy</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/bitcoinos-unlocks-new-scalability-with-first-zero-knowledge-proof-on-bitcoin-mainnet/">BitcoinOS Unlocks New Scalability with First Zero-Knowledge Proof on Bitcoin Mainnet</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

BitcoinOS Unlocks New Scalability with First Zero-Knowledge Proof on Bitcoin Mainnet

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