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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-team-launches-bitzk-service" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Team Launches BitZK Service</a><br></p>
<p style="text-align: justify">The <a href="https://en.bitcoinhaber.net/bitcoin-surges-as-etf-updates-spark-market-optimism" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> Virtual Machine (BVM) team has unveiled BitZK, a groundbreaking service utilizing zero-knowledge proofs to boost Bitcoin’s scalability. Responding to the increasing on-chain activity, BitZK allows users to create backups and migrate applications from Ethereum to Bitcoin, addressing the heightened demand for block space.</p>
<h2 id="historic-move-for-bitcoin-scaling">Historic Move for Bitcoin Scaling</h2>
<p style="text-align: justify">Scaling the Bitcoin network has been a long-standing challenge. Previous attempts, including increasing block sizes and developing Layer-2 solutions, faced numerous hurdles. With a surge in on-chain activities, driven by protocols like Ordinals and Runes, the need for efficient scaling solutions became urgent. BitZK’s deployment marks a landmark moment by using zero-knowledge proofs to compress data, replicating techniques successfully implemented in Ethereum rollups.</p>
<p style="text-align: justify">BVM’s introduction of BitZK signifies a substantial technological advancement by bringing the first Bitcoin ZK-rollups to the mainnet. This <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">innovation</a> enhances Bitcoin’s capabilities, enabling it to support applications typically associated with more versatile networks like Ethereum.</p>
<h2 id="service-pricing-and-early-adoption">Service Pricing and Early Adoption</h2>
<p style="text-align: justify">The BitZK service launches at a base <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">price</a> of $99 per month, covering the memory, CPU, and storage costs for operating a Bitcoin Layer-2. Additional pricing tiers at $499 and $1,999 cater to varying user requirements. Notable early adopters include Bitcoin Layer-2 projects such as RWA Chain, POWD3R Blockchain, and Octopus Bridge, highlighting the service’s potential for widespread adoption.</p>
<h2 id="concrete-benefits-of-bitzk">Concrete Benefits of BitZK</h2>
<p style="text-align: justify">Key inferences for users include:</p>
<ul>
 <li>Enhanced scalability for Bitcoin due to zero-knowledge proof compression.</li>
 <li>Cost-effective migration from Ethereum to Bitcoin infrastructure.</li>
 <li>Higher versatility and functionality for Bitcoin network applications.</li>
 <li>Availability of tiered pricing to suit different needs.</li>
 <li>Increased security and data availability leveraging Bitcoin’s infrastructure.</li>
</ul>
<p style="text-align: justify">BVM’s launch of BitZK is part of its broader mission to leverage Bitcoin as a data layer for transaction-level consensus. By doing so, BitZK enhances Bitcoin’s security and data availability without relying on additional networks or consensus protocols. This initiative seeks to transform Bitcoin into a more versatile and functional platform while maintaining its inherent security strengths.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-team-launches-bitzk-service" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Team Launches BitZK Service</a></h5>

Bitcoin Team Launches BitZK Service

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Інші статті, опубліковані 27 черв. 2024 р.

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