• bitcoinBitcoin (BTC) $ 91,167.00
  • ethereumEthereum (ETH) $ 3,036.47
  • tetherTether (USDT) $ 0.999931
  • xrpXRP (XRP) $ 2.21
  • bnbBNB (BNB) $ 896.36
  • usd-coinUSDC (USDC) $ 0.999707
  • staked-etherLido Staked Ether (STETH) $ 3,034.74
  • tronTRON (TRX) $ 0.276773
  • dogecoinDogecoin (DOGE) $ 0.154040
  • cardanoCardano (ADA) $ 0.432943
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.04
  • whitebitWhiteBIT Coin (WBT) $ 58.91
  • wrapped-stethWrapped stETH (WSTETH) $ 3,703.76
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 91,038.00
  • bitcoin-cashBitcoin Cash (BCH) $ 541.18
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 3,290.21
  • hyperliquidHyperliquid (HYPE) $ 35.79
  • chainlinkChainlink (LINK) $ 13.39
  • usdsUSDS (USDS) $ 0.999683
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999636
  • leo-tokenLEO Token (LEO) $ 9.70
  • zcashZcash (ZEC) $ 522.29
  • stellarStellar (XLM) $ 0.256324
  • wethWETH (WETH) $ 3,037.19
  • wrapped-eethWrapped eETH (WEETH) $ 3,283.82
  • moneroMonero (XMR) $ 395.32
  • ethena-usdeEthena USDe (USDE) $ 0.998742
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 91,241.00
  • litecoinLitecoin (LTC) $ 86.34
  • avalanche-2Avalanche (AVAX) $ 14.92
  • hedera-hashgraphHedera (HBAR) $ 0.147110
  • suiSui (SUI) $ 1.55
  • shiba-inuShiba Inu (SHIB) $ 0.000009
  • daiDai (DAI) $ 0.999481
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.159323
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.21
  • crypto-com-chainCronos (CRO) $ 0.112233
  • uniswapUniswap (UNI) $ 6.29
  • the-open-networkToncoin (TON) $ 1.59
  • usdt0USDT0 (USDT0) $ 0.999564
  • susdssUSDS (SUSDS) $ 1.08
  • paypal-usdPayPal USD (PYUSD) $ 0.998883
  • polkadotPolkadot (DOT) $ 2.32
  • mantleMantle (MNT) $ 1.08
  • memecoreMemeCore (M) $ 1.92
  • canton-networkCanton (CC) $ 0.088610
  • bittensorBittensor (TAO) $ 304.11
  • aaveAave (AAVE) $ 185.88
  • usd1-wlfiUSD1 (USD1) $ 0.998772
  • bitget-tokenBitget Token (BGB) $ 3.66
  • nearNEAR Protocol (NEAR) $ 1.92
  • okbOKB (OKB) $ 110.78
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • internet-computerInternet Computer (ICP) $ 4.17
  • aster-2Aster (ASTER) $ 1.10
  • falcon-financeFalcon USD (USDF) $ 0.998682
  • ethereum-classicEthereum Classic (ETC) $ 14.04
  • tether-goldTether Gold (XAUT) $ 4,125.98
  • pi-networkPi Network (PI) $ 0.254257
  • ethenaEthena (ENA) $ 0.280567
  • jito-staked-solJito Staked SOL (JITOSOL) $ 177.81
  • pepePepe (PEPE) $ 0.000005
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.77
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,036.97
  • rainRain (RAIN) $ 0.007597
  • solanaWrapped SOL (SOL) $ 142.87
  • pump-funPump.fun (PUMP) $ 0.002895
  • aptosAptos (APT) $ 2.25
  • ondo-financeOndo (ONDO) $ 0.518016
  • htx-daoHTX DAO (HTX) $ 0.000002
  • kaspaKaspa (KAS) $ 0.059454
  • kucoin-sharesKuCoin (KCS) $ 12.17
  • worldcoin-wldWorldcoin (WLD) $ 0.654989
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.136941
  • pax-goldPAX Gold (PAXG) $ 4,144.58
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.14
  • usdtbUSDtb (USDTB) $ 0.999714
  • bfusdBFUSD (BFUSD) $ 0.999233
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,487.89
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999689
  • algorandAlgorand (ALGO) $ 0.145890
  • gatechain-tokenGate (GT) $ 10.80
  • ripple-usdRipple USD (RLUSD) $ 0.999641
  • official-trumpOfficial Trump (TRUMP) $ 6.24
  • hash-2Provenance Blockchain (HASH) $ 0.024064
  • wbnbWrapped BNB (WBNB) $ 895.23
  • arbitrumArbitrum (ARB) $ 0.217484
  • global-dollarGlobal Dollar (USDG) $ 0.999757
  • cosmosCosmos Hub (ATOM) $ 2.51
  • filecoinFilecoin (FIL) $ 1.67
  • binance-staked-solBinance Staked SOL (BNSOL) $ 154.70
  • vechainVeChain (VET) $ 0.013756
  • flare-networksFlare (FLR) $ 0.014982
  • hashnote-usycCircle USYC (USYC) $ 1.11
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 36.05
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,211.61
  • skySky (SKY) $ 0.046807
  • ignition-fbtcFunction FBTC (FBTC) $ 91,075.00
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 91,332.00
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,243.08
  • nexoNEXO (NEXO) $ 1.01
  • xdce-crowd-saleXDC Network (XDC) $ 0.054239
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 90,923.00
  • render-tokenRender (RENDER) $ 1.82
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997294
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.11
  • sei-networkSei (SEI) $ 0.140034
  • story-2Story (IP) $ 2.62
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.90
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.48
  • bonkBonk (BONK) $ 0.000010
  • dashDash (DASH) $ 64.85
  • morphoMorpho (MORPHO) $ 1.53
  • jupiter-exchange-solanaJupiter (JUP) $ 0.260864
  • ousgOUSG (OUSG) $ 113.44
  • janus-henderson-anemoy-aaa-clo-fundJanus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.02
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,280.88
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,230.29
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 90,918.00
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.011543
  • clbtcclBTC (CLBTC) $ 90,422.00
  • starknetStarknet (STRK) $ 0.152145
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.264947
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 164.70
  • spx6900SPX6900 (SPX) $ 0.719049
  • aerodrome-financeAerodrome Finance (AERO) $ 0.722355
  • fasttokenFasttoken (FTN) $ 1.51
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.976051
  • curve-dao-tokenCurve DAO (CRV) $ 0.436324
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999707
  • optimismOptimism (OP) $ 0.324804
  • usdaiUSDai (USDAI) $ 0.999808
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999685
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,147.73
  • beldexBeldex (BDX) $ 0.081542
  • lido-daoLido DAO (LDO) $ 0.664059
  • injective-protocolInjective (INJ) $ 5.93
  • blockstackStacks (STX) $ 0.323833
  • msolMarinade Staked SOL (MSOL) $ 191.60
  • tbtctBTC (TBTC) $ 90,990.00
  • newton-projectAB (AB) $ 0.006335
  • usual-usdUsual USD (USD0) $ 0.997951
  • the-graphThe Graph (GRT) $ 0.051854
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,035.05
  • tezosTezos (XTZ) $ 0.509652
  • celestiaCelestia (TIA) $ 0.625732
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,036.36
  • merlin-chainMerlin Chain (MERL) $ 0.486860
  • myx-financeMYX Finance (MYX) $ 2.61
  • monadMonad (MON) $ 0.045832
  • telcoinTelcoin (TEL) $ 0.005236
  • iotaIOTA (IOTA) $ 0.118739
  • true-usdTrueUSD (TUSD) $ 0.995560
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,460.42
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.996690
  • flokiFLOKI (FLOKI) $ 0.000050
  • kaiaKaia (KAIA) $ 0.081613
  • ether-fiEther.fi (ETHFI) $ 0.774274
  • usddUSDD (USDD) $ 0.999846
  • stader-ethxStader ETHx (ETHX) $ 3,263.20
  • gtethGTETH (GTETH) $ 3,037.50
  • pyth-networkPyth Network (PYTH) $ 0.078803
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.08
  • ethereum-name-serviceEthereum Name Service (ENS) $ 11.74
  • pendlePendle (PENDLE) $ 2.72
  • decredDecred (DCR) $ 25.90
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.21
  • doublezeroDoubleZero (2Z) $ 0.127234
  • ether-fi-liquid-ethEther.Fi Liquid ETH (LIQUIDETH) $ 3,223.83
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.11
  • conflux-tokenConflux (CFX) $ 0.082868
  • plasmaPlasma (XPL) $ 0.213691
  • bitcoin-svBitcoin SV (BSV) $ 21.27
  • sonic-3Sonic (S) $ 0.111699
  • ghoGHO (GHO) $ 0.999315
  • the-sandboxThe Sandbox (SAND) $ 0.159592
  • wrapped-hypeWrapped HYPE (WHYPE) $ 35.84
  • heliumHelium (HNT) $ 2.23
  • bittorrentBitTorrent (BTT) $ 0.00000042
  • usdbUSDB (USDB) $ 0.990454
  • swethSwell Ethereum (SWETH) $ 3,318.29
  • sun-tokenSun Token (SUN) $ 0.020950
  • sbtc-2sBTC (SBTC) $ 91,212.00
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.154047
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,362.51
  • lorenzo-wrapped-bitcoinLorenzo Wrapped Bitcoin (ENZOBTC) $ 90,454.00
  • apenftAINFT (NFT) $ 0.00000039
  • justJUST (JST) $ 0.038621
  • dogwifcoindogwifhat (WIF) $ 0.379892
  • flowFlow (FLOW) $ 0.233186
  • jasmycoinJasmyCoin (JASMY) $ 0.007656
  • benqi-liquid-staked-avaxBENQI Liquid Staked AVAX (SAVAX) $ 18.40
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 91,199.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,043.95
  • theta-tokenTheta Network (THETA) $ 0.368006
  • galaGALA (GALA) $ 0.007794
  • olympusOlympus (OHM) $ 22.05
  • gnosisGnosis (GNO) $ 136.32
  • fartcoinFartcoin (FARTCOIN) $ 0.344730

The ZK rollup debate: Why Bitcoin isn’t there yet

0 65

The ZK rollup debate: Why Bitcoin isn’t there yet

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

Bitcoin enthusiasts often hear terms like “zk rollups” thrown around, but the reality is more nuanced. While Ethereum’s zk rollups rely on zero-knowledge proofs for trustless verification, Bitcoin’s architectural constraints make implementing true zk rollups a distant goal.

Misleading claims around Bitcoin’s layer-2 capabilities and trust assumptions threaten to confuse users, and the Bitcoin builder community is working to clarify these issues.

Ethereum zk rollups leverage the Ethereum mainnet (layer-1) to verify cryptographic proofs directly onchain. Bitcoin, with its 4MB block size and limited scripting capabilities, can’t accommodate these computationally intensive verifiers. As Alexei Zamyatin, a core contributor to BitVM, explains, a zk rollup verifier “simply won’t fit into a block.”

Projects like BitVM take a different approach, combining SNARK-based compression with optimistic verification. Rather than verifying proofs onchain, BitVM splits a program into smaller chunks, each verifiable sequentially. This method mirrors optimistic rollups like Arbitrum rather than Ethereum’s zk rollups.

“The zk part stops at the compression stage,” Alexei notes. “Everything else is an optimistic fraud-proof system.”

The broader discussion about Bitcoin L2s goes beyond just rollups. In a recent thread, Janusz Grzegorz, founder of Bitcoin Layers, reflected on the evolving definition of Bitcoin L2s. Initially, Bitcoin layers evaluated projects based on their claim of being a “Bitcoin L2,” but this approach excluded meaningful activity like BTC-backed tokens on Ethereum L2s.

Janusz advocates for a shift in focus to trust assumptions instead of semantics. He proposes evaluating the bridges that underpin these systems regardless of whether they market themselves as an L2. These include protocols like Rootstock, tBTC on Arbitrum and others.

Grzegorz, known online simply as “Janusz,” also has flagged projects like Merlin and BitcoinOS as having contributed to the confusion. Such projects often market themselves as zk rollups on Bitcoin, despite lacking the infrastructure to deliver security guarantees on par with how the term “rollups” is typically used. He cautions users to scrutinize projects for real progress, such as distributed or optimistic bridges, rather than relying on buzzwords.

For Zamyatin, education and transparency are key. By focusing on trust assumptions, clear definitions and robust analyses, the Bitcoin community can better understand what’s feasible — and what’s not. For now, zk rollups on Bitcoin remain a misnomer, but innovations like BitVM demonstrate how Bitcoin can scale within its unique constraints.

To achieve true zk rollups, Bitcoin will require a soft fork to enable building a native zk verifier. Several new opcodes are currently under consideration amid a recent push to clarify Bitcoin’s future roadmap.

An open Wiki-style forum lets interested stakeholders express their preferences and justify their views. Zamyatin’s team at Build on Bitcoin (BOB) has yet to weigh in, but expects to soon.

“What’s great about this effort is that it collects rationales in one place — instead of fighting on Twitter or scattered threads, you can see the reasoning for each individual’s stance,” Zamyatin said. “It makes it easier to evaluate proposals, summarize pros and cons, and have meaningful discussions.”

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