Bitcoin's First ZK Rollup Is Gearing Up For Launch

Bitcoin & Beyond is an educational series by the team at The Rollup focused on a new and emerging class of builders in the Bitcoin ecosystem. Through spaces, panels, and interactive presentations, the objective is to provide deep technical insights into innovative scaling projects.

In this episode, the crew discusses building Bitcoin’s first ZK (zero-knowledge) rollup with Orkun from Citrea. Rollups are a new technology that promises to enhance Bitcoin’s utility, allowing for different scalability improvements while preserving the security of the Bitcoin infrastructure. “A rollup is a blockchain that uses another blockchain as the data availability layer,” Orkun says emphatically….

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Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Pepe: Market Cap of $5.4 Billion.
  2. Bitcoin: Market Cap of $1.3 Trillion.
  3. Solana: Market Cap of $74.6 Billion.

MIDCAP COINS:

  1. Notcoin: Market Cap of $1.9 Billion.
  2. Bitgert: Market Cap of $60.3 Million.
  3. Super Trump: Market Cap of $42.1 Million.

RISING COINS:

  1. PeiPei: Market Cap of $89.6 Million.
  2. Biaoqing: Market Cap of $8.9 Million.
  3. Mog Coin: Market Cap of $468 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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LATEST: Canadian Public Firm DeFi Technologies Invests in 110 BTC as Treasury Reserve

Canadian public company DeFi Technologies (OTCMKTS: DEFTF) has announced the acquisition of 110 Bitcoins, worth approximately $7.7 million, as part of its treasury strategy. The firm is adopting Bitcoin as its primary reserve asset to safeguard its reserves from monetary debasement.

DeFi Technologies, known for bridging traditional financial markets with decentralized finance (DeFi), is committed to pioneering Web3 technologies. The company aims to democratize access to future finance for a wide range of investors, leveraging Bitcoin’s potential to deliver remarkable returns as adoption grows.

Olivier Roussy Newton, CEO of DeFi Technologies, stated, “We have adopted Bitcoin as our primary treasury reserve asset, reflecting our confidence in its role as a hedge against inflation and a safe haven from monetary debasement. As the best-performing asset over the past decade, Bitcoin offers significant short to long-term potential to expand the company’s treasury.”

Source

Bitcoin Lightning Network Leads in Payment Solutions

The Bitcoin Lightning Network stands out in the realm of payment methods for its unparalleled speed and cost-efficiency. Transactions on the Lightning Network are instant and settle immediately, unlike traditional card payments which can take 2-3 days to fully process. With fees as low as $0.04, it offers a significant cost advantage over cards that charge between 2-5% per transaction.

Privacy and accessibility are other key strengths of the Lightning Network. It operates on a pseudonymous basis, ensuring more privacy than card payments which require personal information. Unlike cash, which is limited to local transactions, the Lightning Network is permissionless, allowing users worldwide to transact freely without state or corporate censorship.

Additionally, the Lightning Network offers strong fraud resistance and is independent of state or corporate control. This makes it a secure and reliable choice compared to cash, which can be counterfeited, and cards, which are vulnerable to identity theft and chargebacks. With its deflationary nature, the Lightning Network also provides a hedge against inflation, offering a robust and future-proof payment solution.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Bitfarms plays defense as rival Riot still eyes takeover

Bitfarms is looking to ward off an attempt by Riot Platforms to take control of the company — at least in the near-term. 

The bitcoin miner rejected Riot’s unsolicited April bid to buy the company, noting in a statement last month that the deal “significantly undervalues” Bitfarms. 

Bitfarms said its board of directors was in the midst of a “strategic alternatives review process,” which includes evaluating options such as continuing to execute its business plan or selling the company.

Riot has declined to participate in Bitfarms’ review process in an attempt to “undermine” it and “thwart the interest of third parties,” Bitfarms claims.

A Riot spokesperson did not…

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LATEST: Charles Hoskinson Announces Upcoming Major Hardfork for Cardano in June

Charles Hoskinson, the visionary behind Cardano, has announced the imminent Chang fork, a pivotal upgrade scheduled for June that promises to usher the blockchain into the Voltaire era. This era is characterized by enhanced governance features, enabling ADA holders to directly influence the platform’s future through voting. The update, named to honor the late Phil Chang, is set to be Cardano’s most transformative, aiming to establish a decentralized global community.

With the completion of Cardano Node version 9.0, the stage is set for the Chang fork, contingent upon 70% of stake pool operators adopting the new software. This upgrade marks a significant milestone in Cardano’s roadmap, reflecting nearly a decade of relentless innovation and community building. Hoskinson envisions this update as a leap towards a decentralized civilization, impacting millions worldwide.

Hoskinson’s enthusiasm is palpable as he reflects on the journey: “In a single decade, we built a nation,” he stated, underscoring his belief in blockchain’s potential to reshape governance and societal structures globally. This upgrade could signify a major step forward in realizing a truly decentralized and democratic digital society.

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