One of the oldest Bitcoin ecosystem projects is to take the next step to allow developers to create layer 2 networks using their calculation layer.
Rootstock is one of the many projects that is currently progressing with the aim of providing greater use and interoperability to Bitcoin, which it does by using “BitvMX”, a modified version of BitVM programming language.
The Rootstock project is a few weeks to publish software development kits (SDK), allowing developers to start producing their own Coseer-2 bitcoin BitvMX BitCoin, said the founder Sergio Lerner.
SDKs are sets of tools allowing third parties to create applications using a special platform or frame.
“We are about to have all the ready pieces so that people start to build their own solutions in addition to BITVMX,” said Lerner in an interview.
The Rootstock BitVMX project exploits the BitVM paradigm introduced by Robin Linus in 2023 as a conception of how intelligent Ethereum style contracts could be built on Bitcoin. This could then considerably improve the scalability of Bitcoin by allowing the construction of faster layer 2 networks with programmability similar to what is possible in Ethereum and other blockchains.
BITVMX platform
Alongside Bitvmx Fairgate contributors, Rootstocklabs last year made a breakthrough in the use of BitVMX to verify a zero knowledge snark (non -interactive knowledge of knowledge), an integral aspect of cryptography in many blockchain systems.
The availability of tools for other developers to further explore these capacities to stimulate competition and thus increase adoption, according to Lerner.
“There is a difference between a product and a platform: a product is closed, but a platform is something that you can easily connect and develop your own more ideas,” he said.
“BITVMX becomes a platform, which means that there will be much more competition: the rollers and the failures of the lateral have clashed and those who can find use cases so that people can win their tools.”
Lerner, Aa Buenos Aires, the programmer, is best known for his research on Bitcoin in his first years and his subsequent contribution to development in Ethereum.
He told Coindesk that he feared that Bitcoin would not achieve the goal for which he said he was created – becoming “money for the people” – if only one reserve of value remains.
“If all the BTCs find themselves in the FNB, they will all be controlled by financial institutions and there will be no more bitcoin as we know it,” he said.
“So we all have to make Bitcoin payments and hold our own BTC in police custody. This is why we thought that the creation of Bitcoin diapers is the right approach and I think the key for this is Bitvm protocols, especially Bitvmx.”
Bitvmx Force
Rootstocklabs and Fairgate have formed an alliance to extend the usefulness of Bitcoin using BitvMX, which also involves the engineering company Infrastructure Blockchain Entrance | Outing (IO).
“Bitvmx Force” will focus on standardization and improvements in the protocol to help smooth the future obstacles to sweet bitcoin and infrastructure as they occur, according to an announcement sent by e-mail shared with Coindesk on Tuesday.
“Rootstock and Io both have their own initiatives: Rootstock is building Union, which is a bridge between Bitcoin and Bitvmx and Io rootstraffe to move on Bitcoin assets to Cardano and Vice-Versa,” said Fairgate CEO, Jonatan Altszul, in an interview.
“Fairgate also pushes this technology and we have thought that together, we will have more firepower, more strength, more capacity to create a wider community.”
