BITCOIN'S FIRST ZK L2: B² NETWORK
In recent days, we've observed a significant upswing in the #BRC20 market, witnessing notable growth in both ordinal NFT protocols and tokens. The ecosystem is on a continuous expansion trajectory.
Nevertheless, a key challenge within the BRC20 realm lies in high gas fees and scalability issues. In response to this, the B² network has introduced the initial EVM-compatible Rollup-based Layer 2 project, leveraging zero-knowledge proof technology.
Here's a breakdown of its functioning:
- Initiating orders for the approval of a multitude of transaction processes.
- Executing all transactions off-chain, performing calculations, and generating data to substantiate their accuracy.
- Utilizing zero-knowledge proof technology to validate the legitimacy of all transactions in bulk and demonstrate adherence to network rules.
BsquaredNetwork harnesses the zero-knowledge proof technology from Bitcoin to fortify the network—a groundbreaking innovation. To illustrate how the B2 Network ensures Bitcoin's network security with zero-knowledge proof technology, consider this analogy: imagine being a teacher in a class and instructing 10 students to locate the mouse in the picture, cut out the corresponding area, and present it to you. Even if one student identifies the mouse's location, others remain unaware of the process. This mirrors what the student with zero knowledge accomplishes, aligning with BsquaredNetwork's goal of establishing a mechanism to easily thwart malicious attacks on the network.
For more insights into the Magical NAND Gate Circuit and other inventive aspects, refer to the article in here .
In essence, BsquaredNetwork compiles and records rollup data and proofs using the Ordinals Protocol, verifying them through Bitcoin's zero-knowledge proof technology. This mechanism assumes control of Bitcoin's security and ensures consensus on rollup data in the Bitcoin network.
Despite being the first coin, Bitcoin's ecosystem is evidently in the early stages of development. New projects continually emerge, presenting additional opportunities for this network. It appears that this space has yet to capture the full attention of many investors, and in the coming days, it is poised to be embraced by a much wider audience. Keep a close watch on BRC20 and its derivatives,since they seem to have a lot potential for growth in the next bull run.
