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A well-known Bitcoin developer, who previously identified a vulnerability in the Lightning Network, leading to an urgent update in 2022, is now researching a new Bitcoin Layer 2 solution. This new layer aims to enhance decentralized finance (DeFi) use cases by making financial transactions on Bitcoin more efficient.
The developer, known as “Burak,” introduced a concept called “Brollups.” Brollups represent a Layer 2 design that aggregates Bitcoin transactions without requiring a hard fork or introducing non-Bitcoin tokens.
In a recent Medium post from June 21, Burak mentioned that Brollups are still in the design phase. He also indicated that testnet deployment (signet) could happen by the end of this year.
Brollups aim to support over 90% of DeFi use cases upon their release. Whether it’s listing NFTs for sale in exchange for Bitcoin or placing token sell orders on a decentralized exchange, all these actions can be executed atomically, verified, and scaled on the Bitcoin network.
Burak emphasized that Brollups are deeply integrated with Bitcoin and operate natively within its structure. These Brollups will be managed by “operators” who provide liquidity to the protocol and maintain overall state consistency by periodically bundling Bitcoin transactions.
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A well-known Bitcoin developer, who previously identified a vulnerability in the Lightning Network, leading to an urgent update in 2022, is now researching a new Bitcoin Layer 2 solution. This new layer aims to enhance decentralized finance (DeFi) use cases by making financial transactions on Bitcoin more efficient.
The developer, known as “Burak,” introduced a concept called “Brollups.” Brollups represent a Layer 2 design that aggregates Bitcoin transactions without requiring a hard fork or introducing non-Bitcoin tokens.
In a recent Medium post from June 21, Burak mentioned that Brollups are still in the design phase. He also indicated that testnet deployment (signet) could happen by the end of this year.
Brollups aim to support over 90% of DeFi use cases upon their release. Whether it’s listing NFTs for sale in exchange for Bitcoin or placing token sell orders on a decentralized exchange, all these actions can be executed atomically, verified, and scaled on the Bitcoin network.
Burak emphasized that Brollups are deeply integrated with Bitcoin and operate natively within its structure. These Brollups will be managed by “operators” who provide liquidity to the protocol and maintain overall state consistency by periodically bundling Bitcoin transactions.
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