ZKM enters the BTC L2 track, innovative technology accelerates cross-chain asset security.

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ZKM Enters the BTC L2 Track, Technological Innovation Accelerates Market Competition

With ZKM announcing its entry into the Bitcoin Layer 2 network arena, competition in this field is becoming increasingly fierce. Similar to the development trends of Ethereum L2, the final formation of the BTC L2 market landscape still requires further evolution of technology and the market.

The core technology of ZKM is based on zkVM, with the long-term goal of enabling this technology to be adopted by more projects and ecosystems, thereby becoming the underlying infrastructure. This technology is expected to connect assets from different blockchain networks such as Ethereum, BTC, Cosmos, etc., enhancing overall liquidity. This also explains why ZKM chose to enter the BTC L2 track.

The technical solution of ZKM mainly includes two core components: "Entangled Rollup Architecture" and "zkVM". These two technologies aim to address the two most concerning issues in the current market: asset security and network sustainability.

To address the challenges of cross-chain security, ZKM has proposed the "Entangled Rollup Network" mechanism. This mechanism utilizes recursive zero-knowledge proof technology to synchronize states between different blockchains, avoiding the potential risks associated with traditional bridging mechanisms when assets are transferred across chains. This framework has previously been implemented on Ethereum, and now ZKM is attempting to apply it to the Bitcoin ecosystem, making corresponding adjustments based on the characteristics of BTC L1.

Considering that Bitcoin does not support smart contracts, implementing L2 faces greater challenges. ZKM plans to aggregate the state to its network through Entangled Rollup, and then pass it on to other ecosystems. In terms of BTC asset security, a locally controllable model is adopted, such as controlling with multi-signature scripts. On the L2 layer, a decentralized sequencer is introduced to ensure that the inclusion and finality of transactions are completed in a decentralized manner.

ZKM also introduced the OCP (Optimistic Challenge Process) mechanism, which is similar to the BTC version of Ethereum L2 optimistic proofs. When users deposit assets into L2, the assets are locked in a pre-signed multi-signature script. Signers send the assets to users before the challenge period begins. The challenge process is executed through a specific script to ensure the security of asset verification.

In terms of zkVM, the uniqueness of ZKM lies in its native support for Golang, allowing developers to use the Vanilla Golang compiler to compile code into MIPS instructions, which can then be verified through ZKM's proof network. In the future, ZKM also plans to support the Rust language.

To achieve the sustainability of the network, ZKM introduced the concept of decentralized orchestrators. Participants in the network can earn continuous income through various means, including orchestrator node rewards, liquidity staking, and proof-of-network mining, among others. ZKM plans to allocate 40% of the token rewards to these participants.

Overall, the exploration of the BTC L2 field will continue to deepen, focusing on two directions: native L2 and EVM-compatible L2. Native L2 is aimed at the development of the internal ecosystem, while EVM-compatible L2 not only expands the BTC ecosystem but also provides new possibilities for cross-ecosystem integration. With continuous technological advancements and market evolution, the competitive landscape of the BTC L2 track will gradually become clearer.

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AirdropHunterWangvip
· 07-21 18:05
Here comes to ride the BTC hype again~
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GateUser-00be86fcvip
· 07-19 23:36
Can this really compete with zkSync?
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MoonRocketmanvip
· 07-19 23:35
The cross-chain engine has been ignited and is about to break through the BTC atmosphere.
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PerpetualLongervip
· 07-19 23:27
Full Position is done, recoup investment is right in front of us.
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GasWaster69vip
· 07-19 23:15
Another Be Played for Suckers L2...
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