Rollkit Now Supports Bitcoin Sovereign Rollup
It is reported that the modular rollup framework product Rollkit (formerly known as Rollmint) under the modular blockchain Celestia announced that it supports …
It is reported that the modular rollup framework product Rollkit (formerly known as Rollmint) under the modular blockchain Celestia announced that it supports Bitcoin Sovereign Rollup and allows Rollkit Rollup to use the data availability of Bitcoin. Developers can create a Rollup with any execution environment to inherit the data availability and security guarantee of Bitcoin.
Rollup framework product Rollkit integration Bitcoin Sovereign Rollup data availability layer
Interpretation of the news:
Rollkit, formerly known as Rollmint, is a modular rollup framework product from the modular blockchain Celestia. In a recent report, it was announced that Rollkit now supports the Bitcoin Sovereign Rollup and is able to use the data availability of Bitcoin.
A rollup is a scaling solution that allows for multiple transactions to be processed off-chain and then added to the blockchain as a single transaction. This improves the scalability of the blockchain network and reduces processing times and costs. Rollups can be thought of as mini-blockchains that run on top of the main blockchain, with each rollup being able to process a large number of transactions.
The Bitcoin Sovereign Rollup is a new type of rollup that was created specifically for Bitcoin. It is designed to be more secure and decentralized than other rollups and has the potential to greatly improve the scalability of the Bitcoin network. Unlike other rollups, the Bitcoin Sovereign Rollup uses Bitcoin’s data availability to ensure the authenticity and security of transactions.
Rollkit’s support for the Bitcoin Sovereign Rollup means that developers can now create a rollup that inherits the data availability and security guarantees of Bitcoin. The execution environment of the rollup can be customized according to the developer’s needs, making it easier to integrate with existing blockchain networks and applications.
With the rise of decentralized finance (DeFi) and non-fungible tokens (NFTs), there is an increasing demand for blockchain networks that can handle large volumes of transactions. Rollups like the Bitcoin Sovereign Rollup have the potential to greatly improve the scalability and efficiency of blockchain networks, making them more accessible to a wider range of users.
In conclusion, Rollkit’s support for the Bitcoin Sovereign Rollup is a major step forward for the scalability of the Bitcoin network and the wider blockchain ecosystem. The ability to inherit the data availability and security guarantees of Bitcoin will make it easier for developers to create rollups that can scale to meet the demands of DeFi and NFT applications.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/5275/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
The Increasing Destruction Amount of BNB: A Deep Dive into BEP95
According to reports, according to BSCScan data, the real-time destruction amount of BNB has exceeded 160000 pieces, and currently about 160241 pieces. BNB\’s real-time destruction
-
The Need to Protect Encrypted Assets from Traditional Banking Failures
According to reports, Jeremy Allaire, co founder and CEO of Circle, recently accepted an interview with Bloomberg. Jeremy Allaire talked about the recent turmoil in the banking industry and its impact on USD Coin. Jeremy Allaire’s view that traditional banking systems need to be protected from encrypted assets is no longer valid. Jeremy Allaire believes that recent developments have proven that the situation has reversed and that its cryptographic entities need to be protected from the impact of traditional bank failures. Circle co founder: $3.3 billion stranded at SVB will be fully recovered Analysis based on this information:In a recent interview with Bloomberg, Jeremy Allaire, co-founder and CEO of Circle, discussed the impact of the recent turmoil in the banking industry on cryptocurrencies, specifically on the USD Coin. Allaire expressed his belief that the traditional view that banking systems need to be protected from encrypted assets is no longer valid. Instead, he argued that recent developments have shown that…
-
Zhengzhou’s 2023 Economic and Social Development Plan to Focus on Financial Innovation
It is reported that the People\’s Government of Zhengzhou issued a notice on the issuance of the 2023 National Economic and Social Development Plan of Zhengzhou…
-
What is etc trading (etc business)?
What is etc trading? The transaction system in the Ethereum network is called Et
-
What is NEU (nervos)?
NEU is a cryptocurrency and a blockchain protocol. Its goal is to provide underl
-
The Future of Uniswap: Cross Chain Deployment and New Subdomains
On April 7th, Erin Koen, the new governance director of the Uniswap Foundation, released a heat check proposal on cross chain deployment and the creation of new Uniswap. eth sub do
-
Riot Blockchain Announces Mining Success and Future Growth Plans
On April 5th, it was announced that listed mining company Riot announced that it would mine 695 BTCs in March. As of March 31, 2023, Riot held approximately 7072 BTCs; In March, Ri
-
China Post Launches “Youbei Digital Post Office” to Enhance Digital Asset Management
It is reported that China Post\’s first digital stamp product distribution platform, \”Youbei Digital Post Office\”, was officially launched. It is understood tha…
-
What currency is dac
<img src='https://img.doulai.com/pic/enpic.php?k=dac, what currency is it? Imgalt=dac, what currency is it? {images} What currency is dac? What kind of Cryptocurrency is dac and what problems can it solve What is dac. DAC (Decentralized Autonomous Coin) is a blockchain based smart contract protocol. It allows anyone to create and run their own intelligent applications through a decentralized platform. Dac allows users to use their digital assets and manage their financial activities or transactions through smart contracts without leaving the network. Dac also provides a unique method for developers to leverage intelligent contracts and automated robots to build decentralized applications and connect them to the global internet. 2、 How to purchase DCAC with Bitcoin. This is similar to Ethereum. It consists of a system called “EthereumClassic”, which will serve as the computer programming language “Java” Although these tokens are called Dai, they have not fully achieved their goals because people need to spend a lot of time developing them on Dai, and…
-
What is USDB platform (What is USDC)
What is USD? B platform According to CoinMarketCap data, the market value of USD
-
What is Star Cloud Chain (Founder of Star Cloud Chain)
What is a nebula chain? Starverse is a distributed commercial application platform based on blockchain, aiming to achieve value transmission in the digital economy era through blockchain technology At present, although many projects have been implemented and tested, there is still no mature product or solution that can meet the needs of many enterprises for the development of the digital economy Therefore, Xingyun Chain has chosen to build an open source, interoperable, and high-performance decentralized alliance chain based on the public chain, and has adopted a “dual layer operation system”. Among them, the underlying system adopts an intermediate node architecture, which separates consensus mechanisms from smart contracts; The second layer is the consensus algorithm and incentive model on the sovereignty side; The third level is a service-oriented ecosystem construction plan, including payment transactions, asset custody, etc Founder of Star Cloud ChainFounder of Star Cloud Chain, Dr. Liu Changyong, stated in his keynote speech at the “Blockchain Technology and Application Summit”…
-
Difference Between Mining Machines and Mining Farms (Difference Between Mining Farms and Mining Pools)
What is the difference between mining machines and mining farms? What is the dif
-
What does “隔岸观金” mean? (What is the previous sentence of “隔岸观火”?)
What does \”隔岸观金\” mean? According to official sources, \”隔岸观金\” means that investor
-
Circle’s Partnership with Cross River Bank to Improve USDC Circulation
It is reported that the operation of stable currency issuer Circle: USDC will establish a new settlement agreement through Cross River Bank to provide customers with automatic USDC casting and redemption, effective from March 13, 2023. Circle: The operation of USDC will establish a new settlement agreement through Cross River Bank Analysis based on this information:Circle, a stable currency issuer, has announced its partnership with Cross River Bank to enhance the circulation of its USD-based stablecoin, USDC. According to the report, the new settlement agreement will offer customers automatic USDC casting and redemption, starting from March 13, 2023. This move will have a significant impact on the accessibility and ease of use of USDC, ultimately benefiting the overall ecosystem of decentralized finance. The three keywords that describe this message are stablecoin, settlement, and partnership. Firstly, this message highlights the growing importance of stablecoins in the decentralized finance world. Stablecoins are cryptocurrencies that are pegged to stable assets like fiat currencies,…
-
SushiSwap releases user refund update for RouteProcessor2 vulnerability
On April 12th, SushiSwap released a vulnerability and user refund update for RouteProcessor2, stating that for the recovered white hat funds, the team will create a Merkle Claim co
-
OKX Global Institutional Business Department’s Proactive Compliance Preparation in Hong Kong
According to reports, Lennix, the Managing Director of OKX Global Institutional Business Department, said in a social media message that the OKX team had activ…