What is Bison BTC Rollup?
Bison Network is a cutting-edge ZK-STARK rollup solution built on the Bitcoin blockchain, drawing parallels to Ethereum's Starknet ZK Rollup. It leverages Ethereum's Starknet features of immutable data storage and smart contract authentication to anchor proofs.
Bitcoin's Ordinals serve as a highly secure database, capable of storing diverse data. The key challenge lies in verifying these proofs. Bison tackles this by shifting proof verification to the user's front-end, utilizing advanced STARK technology. Users can swiftly verify proofs with minimal data downloaded, enabling independent verification and enhancing security—a concept known as a sovereign blockchain.
Components of Bison include:
- L2 Dapp: Handles UI and non-security-related logic like swap front-end.
- Bison OS: Core framework comprising Sequencer and Token Contracts responsible for transaction processing and legality validation.
- Bison Prover: Generates ZK-proofs from raw proof data.
- Bison Bridge Contract: Safeguards Bitcoin L1 assets, receiving oracle information from L2 or L1.
- Data Availability: Ordinals record all statuses and proofs on the Bitcoin blockchain, accessible to anyone.
- Front-End Verifier: User-side utility for verifying proofs independently.
Bison Network revolutionizes Bitcoin transactions by enhancing speed, security, and decentralization.
What Benefits does Bison bring to Bitcoin?
- Bringing Smart Contracts and Programmability to Bitcoin: Bison Labs expands Bitcoin's functionality beyond its role as a mere cryptocurrency by empowering developers to construct various applications directly on Bitcoin's blockchain. This breakthrough introduces broad programmability to Bitcoin, enabling the development of decentralized applications (DApps), smart contracts, and financial tools, all while leveraging Bitcoin's inherent security and trust. Bison Labs transforms Bitcoin into a versatile development platform, unlocking fresh possibilities for innovation and fostering greater trust in blockchain technology.
- Bringing Community and Developers to Bitcoin: Bison Labs demonstrates a steadfast commitment to facilitating developers' efforts within the Bitcoin ecosystem. Their platform stands prepared for developers to forge innovative applications, equipped with vital tools and resources. Bison Labs proactively engages in supporting developers throughout the entire project development process, ensuring their ideas come to life successfully.
- BTC as Gas Fees: BTC is used as the token for gas fees on the Bison Network. Transaction fees are determined based on two primary criteria: Computation Consumption and Data Storage Consumption.
- ZK-rollup on Bitcoin: Bison Labs, employing a sovereign-style blockchain framework, presents a secure and decentralized platform that addresses the constraints of the conventional Bitcoin ecosystem. Their primary aim is to provide a transaction environment characterized by high-speed, efficiency, and security, thereby advancing the landscape of native Bitcoin transactions.
- DeFi on Bitcoin: Bison seeks to revolutionize the decentralized finance (DeFi) landscape by unlocking the untapped potential of Bitcoin, renowned as the most decentralized, secure, and reliable blockchain globally. Without requiring modifications to the current blockchain structure, Bison pioneers the integration of smart contract capabilities into Bitcoin, opening new avenues for decentralized financial innovation.
- Self-Verification: Bison stands out from Ethereum-based roll-up designs due to its unique approach — SovereignV erification, which enables every user to act as their own validator, ensuring decentralized security integrity. Unlike Ethereum's Validator Contract, Bison utilizes zk-STARK technology, avoiding the need for a trusted setup and offering logarithmic control over proof size and verification time.
What are the Bison's main use cases?
- DeFi
- Stablecoins
- Lending and Borrowing
- Swapping
- Derivative Trading
- Gaming
