Citrea, Bitcoin’s First ZK Rollup, Emerges from Stealth

Grand Cayman, Cayman Islands, February sixth, 2024, Chainwire

Citrea is the primary rollup that enhances the capabilities of Bitcoin blockspace with zero data know-how, enabling builders to construct all the pieces on Bitcoin 

Citrea, Bitcoin’s first ZK rollup, has come out of stealth at this time to allow builders to construct all the pieces on Bitcoin. Citrea is the first-ever and solely execution layer that settles on Bitcoin. Each transaction occurring on Citrea is totally secured by zero-knowledge proofs and verified by Bitcoin by way of BitVM. Citrea represents a significant milestone for Bitcoin, marking a primary as probably the most safe option to scale Bitcoin, fully aligning with its incentives. The developer contact form opens at this time for many who wish to construct on Citrea and its developer docs are lastly unveiled to the general public. 

Bitcoin has confronted the crucial problem of how one can deal with extra transactions and help extra numerous functions with out compromising Bitcoin’s founding rules – safety, consensus guidelines, and censorship resistance. Whereas scalability proposals have been offered prior to now, they’ve constantly failed to deal with a crucial level in Bitcoin scalability – the energetic and efficient utilization of the Bitcoin blockchain itself.

Zero-knowledge proofs are the one option to securely scale Bitcoin and obtain simple verification by the Bitcoin blockchain. ZK rollups, particularly, are the one rollup development that may match into Bitcoin’s block dimension restrict successfully.

Citrea is the primary to carry ZK Rollups to Bitcoin, increasing what builders can construct on Bitcoin and introducing Bitcoin’s subsequent section: basis for the world’s monetary infrastructure. Citrea enhances Bitcoin’s blockspace capabilities. Its execution surroundings is trustless to Bitcoin and out there to all contributors of the Bitcoin community. Citrea validity proofs are inscribed in Bitcoin and optimistically verified on Bitcoin through BitVM, for the primary time in Bitcoin historical past. By doing so, Citrea creates constant charge income for miners by way of knowledge availability, trustlessly scales BTC past Bitcoin with validity proofs, and permits builders to construct something on its EVM equal execution shard.

“Citrea goals to make Bitcoin the bedrock for an enormous array of on-chain functions and monetary actions, the place builders can construct something. Whereas beforehand scaling proposals have been well-intentioned, we are able to solely set up Bitcoin as the worldwide normal for decentralized monetary infrastructure if transactions choose Bitcoin,” mentioned Murat Karademir, Cofounder and COO of Chainway Labs, the corporate constructing Citrea.

Citrea brings a modular and flourishing ecosystem anchored on Bitcoin. It creates a future the place Bitcoin blockspace is used to settle a wide range of monetary actions equivalent to trustlessly shopping for BTC, leveraging BTC, or lending/borrowing BTC. Because of this, Citrea presents the long-awaited scaling resolution – unlocking Bitcoin’s $800B capital by guaranteeing its safety with the Bitcoin blockchain. With Citrea, builders can construct a variety of functions, together with however not restricted to DeFi with BTC, non-public transfers, and swaps with BTC, in addition to develop new layers on prime of Citrea. 

To serve this intention, Citrea’s distinctive development offers it key options: 

• Full Bitcoin Safety: Citrea inherits all 4 safety properties of Bitcoin: validity, liveness, re-org resistance and censorship resistance due to Citrea’s efficient utilization of inscriptions, recursive ZK proofs, and BitVM.
• Bitcoin Settlement: For the primary time in Bitcoin historical past, a common L2 is settled on Bitcoin. Citrea gentle shopper proofs are natively verified on Bitcoin through BitVM, enabling the primary Layer 2 verification in Bitcoin and trust-minimized two-way peg mechanism.
• EVM Equivalency: Citrea ships a Kind 2 zkEVM, totally equal to EVM, constructed utilizing RISC Zero. Constructing Citrea with full EVM equivalence permits all of the EVM builders to construct on Bitcoin, effortlessly. Citrea is just not restricted to a single VM by design, and may undertake new VMs equivalent to WASM VM sooner or later due to its modular structure.

“A requirement for Bitcoin moved to a sidechain is just not a requirement for Bitcoin anymore. Actually scaling Bitcoin requires establishing a symbiotic relationship between Bitcoin and the scaling resolution,” mentioned Orkun Mahir Kılıç, Cofounder and CEO of Chainway Labs, the corporate constructing Citrea. “Subsequently, the scaling resolution must successfully make the most of Bitcoin blockspace to scale the demand and enhance its expressivity and throughput with out altering its protocol. Citrea achieves probably the most safe and incentive aligned option to scale Bitcoin.”

Immediately, Citrea in addition to its developer docs are lastly unveiled to the general public. Builders who wish to construct on Citrea can now begin contacting Citrea workforce by way of the form on their web site. Citrea plans to open supply the codebase within the first quarter and launch its testnet later within the second quarter of 2024. Citrea has been developed by Chainway Labs for over a yr, who additionally constructed Proof of Innocence and OrdinalSafe prior to now.

About Citrea

Citrea is the primary rollup that enhances the capabilities of Bitcoin blockspace with zero-knowledge know-how, making it attainable to construct all the pieces on Bitcoin. For extra info, please go to: https://citrea.xyz

Citrea technical docs: https://docs.citrea.xyz 

ContactCitreainfo@citrea.xyz

Disclaimer: It is a sponsored press launch and is for informational functions solely. It doesn’t mirror the views of Crypto Every day, neither is it meant for use as authorized, tax, funding, or monetary recommendation.