Superlayer Protocol Will Introduce Rollups To Bitcoin

Blockchain developers recently revealed a novel platform aimed at propelling Bitcoin into the contemporary realm of decentralized finance. The newly introduced platform, labeled BitcoinOS, is positioned as a public good utilizing sovryn rollups to establish a foundational layer for decentralized applications on Bitcoin. The founders emphasize that any developer can contribute to it and create new tools using their preferred programming language.

Understanding The Technology

Sovryn rollups will reportedly leverage Bitcoin as a data availability layer, in contrast to ZK rollups where the rollup is governed by a smart contract on the parent chain, explained Edan Yago, a core contributor to BitcoinOS. Despite Bitcoin having a reputation for high security, its primary blockchain is acknowledged for its sluggishness compared to other blockchains and its elevated costs during periods of heightened activity. Furthermore, its restricted programming language has long impeded the implementation of truly decentralized transaction scaling solutions.

While existing technologies like sidechains can facilitate quicker transactions, they necessitate users to trust centralized, federated bridges to avoid misappropriation or freezing of their funds. Additionally, they encounter challenges related to limited liquidity with other blockchains, resulting in liquidity siloes for DeFi projects that have yet to gain traction. In contrast, BitcoinOS claims to offer everything developers desire in a scaling solution with minimal compromises, namely scalability, programmability, interoperability, and a nearly trustless security model.

A Reliable System

The integrated fraud system of the platform permits even a single honest participant to thwart fraudulent transactions, as per a press release via Sovryn, the DeFi project behind BitcoinOS. The system enables comprehensive smart contracts, allowing any developer to launch their own rollup, and all applications developed on these various rollups can be combined and interoperable with other rollups.

This implies that projects developed on BitcoinOS can seamlessly share users and activities since all rollups are constructed via the same modular components. Sovryn initially emerged as a protocol on Rootstock, despite feelings of limitations. Nevertheless, it has processed $2.2 billion in trades and loans and maintains $46.82 million in total value locked (TVL), according to DeFi Llama.