Ah, mes chers lecteurs, gather ’round, for the stage is set and the actors are most peculiar! Behold, the Layer-2 blockchain network, Build on Bitcoin (BOB), hath performed a most audacious leap, bringing it closer to the coveted fully decentralized mark on the illustrious L2Beat, that arbiter of blockchain maturity. 🕺
BOB, that ambitious scoundrel, aims to bestow upon Bitcoin the fineries of Ethereum-style decentralized finance (DeFi). And how doth it achieve this? By implementing zero-knowledge (ZK) fraud proofs within an optimistic rollup framework, no less! A most clever ruse, replacing the sluggish fraud-checking process with proofs so swift, they resolve disputes in mere minutes! ⏱️
This, dear audience, is no mere technical upgrade—it is a revolution! A shift so grand, it lowers the friction for users and beckons them to secure the network with open arms. 🛡️
BOB Joins the Grand Décentralization Race
The co-founder of this theatrical endeavor, Alexei Zamyatin, proclaimed to CryptoMoon that the Kailua upgrade hath propelled BOB to Stage 0 on L2Beat, allowing it to join the ranks of 24 other protocols in the rollup rankings. “A short jump to stages 1 and 2,” he declared with a flourish. 🏃♂️
L2Beat, that stern judge, ranks layer-2 maturity with requirements as stringent as a court jester’s wit: functional fraud-proof systems, security councils, and more. Stages from zero to three are assigned, and BOB, with its new proof system, claims full Ethereum security. “The only hurdle remaining,” Zamyatin quipped, “is a security council and a delay in code updates—already in progress, of course!” 🛠️
Only two protocols, ZK.Money v1 and Honeypot PRT, have reached Stage 2. But fear not, for BOB is nipping at their heels! 🏆
Rollups like Arbitrum One, Base Chain, and OP Mainnet lead in total value secured, but BOB, with its ZK proofs, is the new star of this blockchain ballet. 🌟
Unlocking ZK Verification on Bitcoin
Zamyatin, ever the visionary, declared that BOB’s ZK upgrades unlock ZK verification on Bitcoin. “With BitVM,” he proclaimed, “validity proofs on BOB can also be verified on Bitcoin—a key building block for a fully Bitcoin-secured bridge!” 🌉
“BOB is the gateway to Bitcoin DeFi,” he added, with a dramatic gesture. “Anchored in Bitcoin’s security, it offers access to native BTC, powered by BitVM. Ethereum and Solana, beware—Bitcoin DeFi shall reign supreme, with 300 million users!” 🏰
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2025-07-24 15:57