The development team behind Bitcoin Virtual Machine (BVM) recently introduced BitZK, a zero-knowledge proof service aimed at enhancing Bitcoin’s scalability. This service allows users to create rollups, thereby helping to migrate applications from Ethereum to Bitcoin. This development addresses the growing demand for scaling solutions on Bitcoin, especially after protocols such as Ordinals and Runes were launched and drove massive growth in onchain activity.
Bitcoin scaling in the past has posed many challenges, from increasing block sizes to developing scalable layer 2 solutions. The recent increase in onchain activity has fueled the need for more efficient scaling solutions. BVM’s approach includes using ZK-rollups to compress data, a successful solution for enhancing scalability on Ethereum.
BVM charges a minimum fee of $99 per month for access to the BitZK service, which includes the memory, CPU, and storage costs associated with operating a layer 2 of Bitcoin. They offer higher priced models at $499 and $1,999, catering to different user needs.
Launched in January 2023, BVM aims to scale the Bitcoin network, making features pioneered on other blockchains like Ethereum possible on Bitcoin. BVM functions as a state machine similar to the Ethereum Virtual Machine (EVM), using Bitcoin as a secure data layer while achieving transaction-level consensus.
This initiative is part of a broader trend in which various Bitcoin scaling solutions are being adopted, responding to the increased demand for block space caused by new protocols.
Itadori
According to The Block
