Citrea goes live on public testnet
Citrea goes live on public testnet
Citrea is a rollup that enhances the capabilities of Bitcoin blockspace with ZK tech
Hi Bitcoin Builders,
The Bitcoin builder ecosystem continues to thrive. Here are some updates from this week.
First, Citrea goes live on public testnet. Citrea is a rollup on Bitcoin that uses Bitcoin as both the data availability and settlement layer.
Citrea created Clementine, a bridge design that uses BitVM. As such, Citrea does not require changes to Bitcoin.
Here’s how the bridge works (from their docs): “Pegged BTC is held in the BitVM contract (leveraging Taproot) on Bitcoin network. Withdrawals are only authorized with valid ZK proofs, meaning no party can steal the pegged BTC from the bridge.”
Citrea is one of a few teams leveraging BitVM to scale Bitcoin. Congrats to the team!
Layers
tBTC launched on Aave. Congrats to the tBTC team!
Celestia, the modular data availability network, raised $100M.
Bitcoiners launched Second, a company dedicated to scaling Bitcoin through Ark.
Hermetica launched USDh, a Bitcoin-backed synthetic dollar on Stacks.
Other
Tornado Cash case update: a judge rejected the Defense’s motion to compel discovery and their motion to dismiss charges, via Bitcoin Magazine.
SEC approved the listing and trading of options on BlackRock's iShares Bitcoin Trust.
BlackRock asks Coinbase to process BTC withdrawals to a public address within 12 hours, via Bitcoin Magazine