News

Rollkit Facilitates Rollup Development On The Bitcoin Infrastructure

Key Points:
  • Rollkit has said that it would offer a set of modules that will enable Rollups to leverage Bitcoin infrastructure as a data source.
  • This solution will handle the Execution step and will provide the Rollup build tools for future projects.
Rollkit, a toolkit that aids in the development of Rollup, has now released a new module version that allows projects to construct EVM-compatible scaling solutions directly on top of the Bitcoin blockchain. 

Rollkit stated in its article that it has tried supporting EVM (Ethereum’s virtual machine technology) directly on Bitcoin’s data and consensus layer. Rollkit stated on Twitter that it will provide a module that would allow Rollups to leverage Bitcoin infrastructure as a data source. Celestia’s Rollkit is a collection of application APIs that enable projects to swiftly deploy Rollups while also using Celestia’s data availability architecture.

Cosensus and data availability activities will be handled by Bitcoin’s infrastructure layer. Simultaneously, this solution will handle the Execution step and develop the Rollup build tools for future applications. Significantly, Rollkit stated in its article that it has tried supporting EVM directly on Bitcoin’s data and consensus layer. This revelation elicited conflicting reactions from the Twitter community, the majority of which stemmed from the announcement of the NFT Ordinals collection. The community is still divided over whether Bitcoin should function as an ecosystem of DApps and NFT collections.

In response to the news about gas prices while uploading data to Bitcoin, an account named Eric Wall submitted a simple math that resulted in data use on Bitcoin being 7 times cheaper than on Ethereum. Some people believe that the concept of a “Bitcoin rollup” is worthless and that it is simply transferring block data to Bitcoin rather than being innovative.

“Rollup on Bitcoin is essentially just another Layer-1 solution that wants to submit its block data to Bitcoin. It isn’t a Layer-2 solution. For me, the easiest approach to demonstrate this myth is to create an L2 solution using Zero-Knowledge technology and then publish the data on Bitcoin.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Chubbi

Coincu News

Chubbi

Recent Posts

Bull Season to Send Ethereum (ETH) Price to $6000, Shiba Inu (SHIB) 2200% Higher, And This Token From Below $0.09 to $18

Investors are more hopeful about rapid gains as Ethereum and Shiba Inu exhibit encouraging indications.

4 hours ago

Blockchain Cross Chain Bridge Flows Show Base, Solana Lead

Blockchain Cross Chain Bridge Flows highlight Base, Solana, and Sui as the top performers, while…

9 hours ago

Giggle Academy Twitter Hack Prompts Concerns Over False Claims

Giggle Academy Twitter Hack reports that the account of Binance founder CZ’s project was compromised,…

10 hours ago

Gary Gensler Resignation Likely Before Trump’s Inauguration

Gary Gensler Resignation is expected as SEC Chairman Gary Gensler is likely to step down…

10 hours ago

Helix Money Laundering Case Operator Sentenced To 3 Years

Larry Harmon, the Helix crypto mixer founder, was sentenced to 3 years in prison for…

10 hours ago

Bitcoin ETF Options Makes Important Progress After New CFTC Rules

The CFTC announced it no longer oversees the clearing of spot Bitcoin ETF options, clearing…

11 hours ago

This website uses cookies.