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An Ethereum-Like Experience Built on Bitcoin?

Citrea, Bitcoin’s first ZK rollup came out of stealth yesterday. Murat Karademir, and Orkun Mahir Kılıç, cofounders of Chainway Labs, discuss everything about it.

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In this episode of Unchained Premium, Laura spoke with Murat Karademir, and Orkun Mahir Kılıç, cofounders of Chainway Labs. Orkun and Murat are developing a zero-knowledge rollup on Bitcoin, Citrea, which just launched yesterday.

They aim to make Bitcoin the foundation for global finance, believing it to be the most decentralized, secure, and censorship-resistant blockchain. The rollup could allow developers to build applications on top of Bitcoin, offering privacy and efficiency. 

Show Highlights:

  • How Murat and Orkun envision a ZK rollup enhancing Bitcoin's capabilities

  • Why building a ZK rollup on Bitcoin is pivotal for their vision of global finance

  • What inspired the inception of their Bitcoin ZK rollup project Citrea

  • How this initiative aims to mirror Ethereum's user experience

  • What the security model of their ZK rollup entails, emphasizing trust minimization

  • How BitVM is reshaping smart contract deployment on Bitcoin, according to Murat

  • Why developers might favor their Bitcoin rollup over traditional EVM-compatible platforms

  • How the ZK rollup could potentially address and solve Bitcoin's security budget issue

  • What implications Bitcoin Ordinals might have on this new rollup technology

  • How the Bitcoin community is reacting to the concept of a Bitcoin ZK rollup

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