Ethereum

Galaxy

Bitcoin

Notable

Polygon

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-ecosystem-welcomes-citreas-innovative-rollup-solution/" data-wpel-link="internal">Bitcoin Ecosystem Welcomes Citrea’s Innovative Rollup Solution</a><br></p>
<p class="p1" style="text-align: justify">A project aimed at bringing a zero-knowledge roll-up solution to the <a href="https://en.coin-turk.com/whats-next-for-bitcoin-signals-in-the-fear-greed-index/" data-wpel-link="internal">Bitcoin</a> ecosystem, <strong>Citrea,</strong> has successfully closed a $2.7 million investment round led by Galaxy Digital’s venture arm Galaxy Ventures. The project announced in a blog post dated February 2 that the funds would enable the launch of Citrea by blockchain infrastructure company Chainway Labs.</p> 
<h2 class="p1" style="text-align: justify" id="notable-advances-from-the-citrea-team">Notable Advances from the Citrea Team</h2> 
<p class="p1" style="text-align: justify">The company stated that <strong>Citrea</strong> is the first rollup solution that enhances the capabilities of the Bitcoin blockchain area with zero-knowledge <a href="https://newslinker.co/category/technology/" data-wpel-link="exclude">technology</a> and makes it possible to build everything on Bitcoin. The round was completed in 2023 and saw participation from Delphi Ventures, Taproot Wizards co-founder Eric Wall, Blockscout founder Igor Barinov, and others.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-318018" src="https://coin-turk.com/wp-content/uploads/2024/02/citrea-tweet.png" alt="" width="500" height="708"></p> 
<p class="p1" style="text-align: justify">ZK-rollups can be described as concepts more commonly associated with Ethereum through Layer-2 blockchain networks like Polygon and zkSync. ZK-rollups aim to be efficient and cheaper by bundling transactions on the second layer of ecosystems and securing them with a cryptographic protocol called ZK-proofs.</p> 
<p class="p1" style="text-align: justify"><strong>Bitcoin</strong> also has second layers focused on payment solutions, such as the Lightning Network, and scaling projects like ZKSats and Rollux that will compete with Citrea. In its post on the subject, Citrea claimed that ZK-rollup addresses the challenges of Bitcoin in processing more transactions and supports various applications without changing the consensus rules:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“In doing so, Citrea uses Bitcoin not only as a cryptocurrency but also as a foundational layer for securing and executing transactions.”</p> 
</blockquote> 
<h2 class="p1" style="text-align: justify" id="anticipated-moves-in-the-bitcoin-ecosystem">Anticipated Moves in the Bitcoin Ecosystem</h2> 
<p class="p1" style="text-align: justify">Bitcoin developers are experiencing a growing split over how the blockchain ecosystem should be used. Some believe it should maintain its use as a peer-to-peer cryptocurrency as described in the whitepaper, but recent projects like Ordinals that allow NFT-like assets and the BRC-20 standard that permits speculative tokens challenge this view.</p> 
<p class="p1" style="text-align: justify">Citrea stated in a blog post published on February 6 that it aims to turn the Bitcoin ecosystem into a foundational layer for blockchain games, NFTs, and the decentralized finance <strong>(<a href="https://coin-turk.com/dappradarin-veri-analisti-uyardi-bu-senaryonun-gerceklesmesi-durumunda-defi-protokollerinin-%80i-ortadan-kalkabilir" data-wpel-link="internal">DeFi</a>)</strong> ecosystem without compromising security and without changing consensus rules. The solution also relies on the Ethereum Virtual Machine, which allows all EVM developers to build on Bitcoin.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-ecosystem-welcomes-citreas-innovative-rollup-solution/" data-wpel-link="internal">Bitcoin Ecosystem Welcomes Citrea’s Innovative Rollup Solution</a></h5>

Bitcoin Ecosystem Welcomes Citrea’s Innovative Rollup Solution

Obsah

COINTURK NEWS

Ďalšie články zverejnené 22. 2. 2024

ECB not convinced by ETF approval in the US, still dislikes Bitcoin

AI token FET rallies 54% in 7 days thanks to…

How to Buy StormX Coin?

Binance Expands DeFi Presence with Strategic EigenLayer Investment

Analytics Firm Highlights Hidden Danger Behind Ethereum Spot ETF Approval

Why Starknet Price Falling? Will STRK Recover?

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!