Renowned Bitcoin developer Burak, known for his previous exploit on the Lightning Network, has unveiled a new layer 2 solution named "Brollups." This Bitcoin-native rollup technology is designed to bundle transactions without the need for hard forks or new tokens. Burak's vision is to support over 90% of decentralized finance (DeFi) applications, including NFT sales and decentralized exchange (DEX) transactions, all verifiable and scalable on Bitcoin.
The Brollups are still in the design phase, with a testnet rollout anticipated later this year. They will be managed by operators providing liquidity and chaining Bitcoin transactions at regular intervals. Burak emphasizes that Brollups are deeply integrated with Bitcoin, enhancing its functionality for DeFi use cases.
Burak's earlier work includes the Ark Protocol, a Lightning Network alternative, and his notable Lightning Network exploit in 2022, which led to an emergency update. His continuous innovation aims to advance Bitcoin's capabilities in the decentralized finance landscape.
The Bitcoin community has praised Burak for developing solutions that maintain Bitcoin's integrity without requiring hard forks or additional tokens. As Brollups progress, they promise to play a significant role in the future of Bitcoin and DeFi.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
