• bitcoinBitcoin (BTC) $ 103,830.00
  • ethereumEthereum (ETH) $ 2,526.02
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.15
  • bnbBNB (BNB) $ 656.02
  • solanaSolana (SOL) $ 153.65
  • usd-coinUSDC (USDC) $ 0.999807
  • dogecoinDogecoin (DOGE) $ 0.187878
  • tronTRON (TRX) $ 0.269099
  • cardanoCardano (ADA) $ 0.668683
  • staked-etherLido Staked Ether (STETH) $ 2,526.67
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,649.00
  • wrapped-stethWrapped stETH (WSTETH) $ 3,036.12
  • hyperliquidHyperliquid (HYPE) $ 31.78
  • suiSui (SUI) $ 3.15
  • chainlinkChainlink (LINK) $ 13.73
  • avalanche-2Avalanche (AVAX) $ 20.34
  • stellarStellar (XLM) $ 0.261530
  • bitcoin-cashBitcoin Cash (BCH) $ 408.32
  • leo-tokenLEO Token (LEO) $ 8.76
  • the-open-networkToncoin (TON) $ 3.07
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • usdsUSDS (USDS) $ 0.999816
  • hedera-hashgraphHedera (HBAR) $ 0.162605
  • wethWETH (WETH) $ 2,525.71
  • litecoinLitecoin (LTC) $ 85.53
  • wrapped-eethWrapped eETH (WEETH) $ 2,696.12
  • polkadotPolkadot (DOT) $ 4.00
  • moneroMonero (XMR) $ 325.53
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • bitget-tokenBitget Token (BGB) $ 4.72
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • pepePepe (PEPE) $ 0.000011
  • pi-networkPi Network (PI) $ 0.626473
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,771.00
  • whitebitWhiteBIT Coin (WBT) $ 31.20
  • daiDai (DAI) $ 0.999770
  • aaveAave (AAVE) $ 247.96
  • uniswapUniswap (UNI) $ 6.05
  • bittensorBittensor (TAO) $ 399.73
  • crypto-com-chainCronos (CRO) $ 0.104456
  • okbOKB (OKB) $ 50.19
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • nearNEAR Protocol (NEAR) $ 2.39
  • jito-staked-solJito Staked SOL (JITOSOL) $ 185.48
  • aptosAptos (APT) $ 4.62
  • tokenize-xchangeTokenize Xchange (TKX) $ 32.81
  • ethereum-classicEthereum Classic (ETC) $ 16.81
  • ondo-financeOndo (ONDO) $ 0.809572
  • internet-computerInternet Computer (ICP) $ 4.74
  • susdssUSDS (SUSDS) $ 1.05
  • gatechain-tokenGate (GT) $ 19.21
  • mantleMantle (MNT) $ 0.667525
  • kaspaKaspa (KAS) $ 0.084964
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • official-trumpOfficial Trump (TRUMP) $ 10.81
  • vechainVeChain (VET) $ 0.023612
  • render-tokenRender (RENDER) $ 3.76
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 104,137.00
  • cosmosCosmos Hub (ATOM) $ 4.27
  • fasttokenFasttoken (FTN) $ 4.44
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.724307
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.208444
  • worldcoin-wldWorldcoin (WLD) $ 1.13
  • ethenaEthena (ENA) $ 0.299442
  • filecoinFilecoin (FIL) $ 2.51
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999026
  • arbitrumArbitrum (ARB) $ 0.339994
  • algorandAlgorand (ALGO) $ 0.191034
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.42
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,525.39
  • quant-networkQuant (QNT) $ 104.91
  • jupiter-exchange-solanaJupiter (JUP) $ 0.510110
  • kucoin-sharesKuCoin (KCS) $ 11.26
  • celestiaCelestia (TIA) $ 2.14
  • binance-staked-solBinance Staked SOL (BNSOL) $ 161.75
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.01
  • usdt0USDT0 (USDT0) $ 1.00
  • bonkBonk (BONK) $ 0.000016
  • sonic-3Sonic (S) $ 0.386544
  • nexoNEXO (NEXO) $ 1.22
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,869.14
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,638.16
  • injective-protocolInjective (INJ) $ 11.91
  • blockstackStacks (STX) $ 0.723581
  • optimismOptimism (OP) $ 0.633246
  • story-2Story (IP) $ 3.88
  • flare-networksFlare (FLR) $ 0.016469
  • fartcoinFartcoin (FARTCOIN) $ 1.07
  • sei-networkSei (SEI) $ 0.189274
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • immutable-xImmutable (IMX) $ 0.537068
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 103,716.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.059429
  • eosEOS (EOS) $ 0.637031
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,696.03
  • paypal-usdPayPal USD (PYUSD) $ 0.999556
  • makerMaker (MKR) $ 1,575.74
  • the-graphThe Graph (GRT) $ 0.093544
  • curve-dao-tokenCurve DAO (CRV) $ 0.648664
  • spx6900SPX6900 (SPX) $ 0.941883
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 103,682.00
  • wbnbWrapped BNB (WBNB) $ 655.82
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,658.19
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,644.58
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 171.07
  • tether-goldTether Gold (XAUT) $ 3,295.40
  • dexeDeXe (DEXE) $ 14.19
  • clbtcclBTC (CLBTC) $ 104,463.00
  • dogwifcoindogwifhat (WIF) $ 0.795648
  • pax-goldPAX Gold (PAXG) $ 3,304.98
  • flokiFLOKI (FLOKI) $ 0.000081
  • zcashZcash (ZEC) $ 46.68
  • theta-tokenTheta Network (THETA) $ 0.730414
  • msolMarinade Staked SOL (MSOL) $ 199.61
  • jasmycoinJasmyCoin (JASMY) $ 0.015076
  • lido-daoLido DAO (LDO) $ 0.811057
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.26
  • galaGALA (GALA) $ 0.016147
  • raydiumRaydium (RAY) $ 2.43
  • coredaoorgCore (CORE) $ 0.696694
  • ethereum-name-serviceEthereum Name Service (ENS) $ 20.47
  • iotaIOTA (IOTA) $ 0.177043
  • usdx-money-usdxStables Labs USDX (USDX) $ 1.00
  • bittorrentBitTorrent (BTT) $ 0.00000068
  • ousgOUSG (OUSG) $ 111.26
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 103,118.00
  • bitcoin-svBitcoin SV (BSV) $ 33.11
  • the-sandboxThe Sandbox (SAND) $ 0.267190
  • pendlePendle (PENDLE) $ 4.00
  • pyth-networkPyth Network (PYTH) $ 0.112491
  • walrus-2Walrus (WAL) $ 0.485963
  • usual-usdUsual USD (USD0) $ 0.997735
  • polyhedra-networkPolyhedra Network (ZKJ) $ 2.01
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.009789
  • kaiaKaia (KAIA) $ 0.104109
  • tezosTezos (XTZ) $ 0.562877
  • heliumHelium (HNT) $ 3.20
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • thorchainTHORChain (RUNE) $ 1.64
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,525.73
  • flowFlow (FLOW) $ 0.355426
  • chain-2Onyxcoin (XCN) $ 0.016668
  • super-oethSuper OETH (SUPEROETH) $ 2,528.95
  • jito-governance-tokenJito (JTO) $ 1.65
  • ketKet (KET) $ 0.531413
  • saros-financeSaros (SAROS) $ 0.203189
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,611.56
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,694.45
  • grassGrass (GRASS) $ 1.80
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.10
  • decentralandDecentraland (MANA) $ 0.269809
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 103,719.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,525.74
  • true-usdTrueUSD (TUSD) $ 0.999175
  • zebec-networkZebec Network (ZBCN) $ 0.006092
  • based-brettBrett (BRETT) $ 0.049399
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.188079
  • apecoinApeCoin (APE) $ 0.599457
  • beldexBeldex (BDX) $ 0.066082
  • tbtctBTC (TBTC) $ 103,849.00
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999812
  • kavaKava (KAVA) $ 0.418057
  • kaitoKAITO (KAITO) $ 1.87
  • falcon-financeFalcon USD (USDF) $ 0.999752
  • aethirAethir (ATH) $ 0.048671
  • livepeerLivepeer (LPT) $ 10.49
  • elrond-erd-2MultiversX (EGLD) $ 15.04
  • aerodrome-financeAerodrome Finance (AERO) $ 0.512500
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004210
  • apenftAPENFT (NFT) $ 0.00000042
  • aioz-networkAIOZ Network (AIOZ) $ 0.356254
  • pumpbtcpumpBTC (PUMPBTC) $ 100,934.00
  • wrapped-hypeWrapped HYPE (WHYPE) $ 31.81
  • arweaveArweave (AR) $ 6.27
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • dydx-chaindYdX (DYDX) $ 0.525225
  • usdbUSDB (USDB) $ 1.01
  • neoNEO (NEO) $ 5.75
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007001
  • starknetStarknet (STRK) $ 0.129705
  • ecasheCash (XEC) $ 0.000020
  • axie-infinityAxie Infinity (AXS) $ 2.49
  • usddUSDD (USDD) $ 1.00
  • build-onBUILDon (B) $ 0.391362
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • eigenlayerEigenlayer (EIGEN) $ 1.28
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,516.04
  • roninRonin (RON) $ 0.590695
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,732.52
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 34.65
  • conflux-tokenConflux (CFX) $ 0.073866
  • stader-ethxStader ETHx (ETHX) $ 2,680.08
  • chilizChiliz (CHZ) $ 0.038267
  • compound-governance-tokenCompound (COMP) $ 40.46
  • sun-tokenSun Token (SUN) $ 0.018756
  • ether-fiEther.fi (ETHFI) $ 1.10
  • telcoinTelcoin (TEL) $ 0.003910

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

0 21

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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