Bankless

Alpha Leak | The Bull Case for zkBTC

Nov 18, 2022

In this discussion, John Light, Head of Product at Sovryn, and Eric Wall, a technical expert in Bitcoin, dive deep into ZK rollups and their revolutionary potential for Bitcoin. They tackle how zkBTC can enhance scalability and usability, comparing it against the Lightning Network. The pair explore challenges like token distribution and user experience, alongside the implications of integrating smart contracts and privacy features. Their insights promise a future enriched by limitless Bitcoin applications and innovative financial tools.

01:18:57

Creator website

Episode guests

Eric Wall

John Light

AI Chapters

Episode notes

Intro

5min

Exploring Zero-Knowledge Rollups on Bitcoin

25min

User Experience Challenges and Token Distribution Complexities in Blockchain

2min

Exploring Bitcoin Rollups vs. Lightning Network

10min

Decentralizing Social Media and Exploring Bitcoin's Potential

4min

Unlocking Bitcoin's Potential: Enhancing Scalability with ZK Rollups

5min

Bridging Bitcoin and Ethereum: Challenges Ahead

26min

Exploring the Potential of ZK Rollups on Bitcoin

2min

In this episode, David is joined by John Light of Sovryn and Eric Wall, who moonlights David on the Bitcoin technical details throughout the interview.

The three go over the bull case for ZK-Rollups on Bitcoin. It’s undoubtedly the frontier.

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----- Topics Covered

0:00 Intro 5:10 John’s Background 8:24 How zkBTC Works? 11:00 Eric’s Interest 15:43 A Better Lightning Network? 21:33 Rollups on ETH vs. Lightning Network 25:50 Rollup Potential 29:24 Optimism 32:15 Expressivity 43:53 Limitless Bitcoin Applications 46:29 Layer 3 Protocols 50:25 What Needs to Happen 52:05 Forks & Flippening Effects 58:00 Proof Systems & Recursive Covenants 1:09:40 Next Steps 1:12:00 Research 1:14:12 Eric’s Thoughts on Bitcoin 1:16:50 Closing & Disclaimers

------ Resources:

John Light https://twitter.com/lightcoin

Eric Wall https://twitter.com/ercwl

Validity Rollups on Bitcoin https://bitcoinrollups.org/

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures

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