According to CoinDesk, Rootstock, a pioneering project in the Bitcoin ecosystem, is advancing its efforts to enhance Bitcoin's utility and interoperability through the development of layer-2 networks. The project is leveraging 'BitVMX,' a modified version of the BitVM programming language, to achieve this goal. Rootstock is on the verge of releasing software development kits (SDKs) that will enable developers to create their own Bitcoin layer-2 solutions using BitVMX, as stated by founder Sergio Lerner.
SDKs are essential tools that allow third-party developers to build applications on specific platforms or frameworks. Lerner expressed confidence in the project's progress, noting, "We are very close to having all the pieces ready for people to start building their own solutions on top of BitVMX." The BitVMX project builds on the BitVM paradigm introduced by Robin Linus in 2023, which outlines how Ethereum-style smart contracts could be implemented on Bitcoin. This development could significantly enhance Bitcoin's scalability by enabling the creation of faster, programmable layer-2 networks akin to those on Ethereum and other blockchains.
Rootstock's collaboration with BitVMX contributors, including Fairgate and RootstockLabs, has led to a breakthrough in using BitVMX to verify zero-knowledge SNARKs, a crucial cryptographic component in many blockchain systems. Lerner emphasized the importance of transforming BitVMX into a platform, stating, "There is a difference between a product and a platform: a product is closed but a platform is something you can easily plug in to and develop your own ideas on top of." He believes that as BitVMX becomes a platform, it will foster competition among rollups and sidechains, ultimately driving adoption.
Lerner, a Buenos Aires-based programmer known for his early Bitcoin research and contributions to Ethereum development, expressed concerns about Bitcoin's future. He warned that if Bitcoin remains solely a store of value, it may not fulfill its intended purpose as "money for the people." He stressed the importance of making Bitcoin payments and holding BTC in self-custody, asserting that creating layers for Bitcoin is crucial, with BitVM protocols, particularly BitVMX, playing a key role.
RootstockLabs and Fairgate have formed an alliance, known as 'BitVMX Force,' to expand Bitcoin's utility using BitVMX. This collaboration includes blockchain infrastructure engineering firm Input | Output (IO). The alliance aims to focus on standardization and protocol enhancements to facilitate future Bitcoin soft-forks and infrastructure improvements. Fairgate CEO Jonatan Altszul highlighted the synergy between Rootstock and IO, noting their respective initiatives to bridge Bitcoin with other platforms and enhance asset movement across blockchains. Altszul stated, "Fairgate is pushing this technology as well and we thought that together we will have more firepower, more strength, more capacity to create a larger community."
