CoinDesk Podcast Network
FIRST MOVER: Bitcoin Surges Above $60K; Bitcoin ZK Rollup Citrea Raises $2.7M
Feb 29, 2024
Bitcoin surged above $60K for the first time since 2021. Chainway Labs CEO discusses ZK rollups. Consensus event in Austin to shape digital future. Citraea revolutionizes Bitcoin transactions. Bitcoin solutions evolving from multi-signatures to K-roll-ups. Citraea's potential for diverse Bitcoin applications. Progress and plans for Bitcoin project development.
14:25
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Quick takeaways
- Citria introduces ZK roll-ups on Bitcoin, enhancing transaction scalability and security.
- ZK roll-ups on Bitcoin eliminate trust issues with side-chain structures, enabling secure transaction validation within Bitcoin itself.
Deep dives
Introduction of Citria - First ZK Roll-Up on Bitcoin
Citria is introduced as the first ZK roll-up on Bitcoin, offering zero-knowledge technology to scale Bitcoin block space. Unlike previous solutions dependent on multi-signatures and monolithic side-chain structures, Citria enables transparent bridging between Bitcoin and Citria, allowing for processing a large number of transactions while maintaining security. By implementing BTM verification technology, Citria ensures trustless transactions, enhancing financial liquidity on Bitcoin.
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