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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Announcement link: https://www.gate.com/announcements/article/47104 - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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The Bitcoin Virtual Machine team has launched the BitZK service to expand the Bitcoin network
Jinse Finance reported that the Bitcoin Virtual Machine (BVM) team launched BitZK last week, a Zero-Knowledge Proof (ZK) service aimed at enhancing the scalability of Bitcoin. This service allows users to aggregate and migrate applications from Ethereum to Bitcoin. BVM developer @bird2836 stated that this is the first instance of Bitcoin ZK aggregation on the mainnet, marking a significant technological breakthrough. The monthly fee for BitZK service is at least $99, and it has attracted early users including RWA Chain, POWD3R Blockchain, and Octopus Bridge. BVM was launched in January 2023 with the goal of enabling the Bitcoin network to have the functionality of networks such as Ethereum, leveraging the security and data availability of Bitcoin to drive the development of Bitcoin's scaling solutions.