Blockchain developers unveiled a new platform on Thursday meant to catapult Bitcoin into the modern era of decentralized finance (DeFi)—an industry that the original crypto network has largely kept at arms-length.

The new platform, named BitcoinOS, is pitched as a “public good” that uses “sovryn rollups” to create a foundational layer for decentralized apps (dapps) on Bitcoin. Any developer can contribute to it, its founders say, and build new tools in whatever programming language they want.

“Sovryn rollups will use Bitcoin as a data availability (DA) layer as opposed to ZK rollups where the rollup is controlled by a smart contract on the parent chain,” Edan Yago, a core contributor to BitcoinOS, told Decrypt. “Because Bitcoin does not have such smart contracts, ZK rollups are impossible on Bitcoin.”

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Author: Andrew Throuvalas

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