The Rollkit development team has announced that Bitcoin has been integrated as a means for sovereign pools to store and retrieve data. The developers have stated that it is now possible to run Ethereum Virtual Machine (EVM) on Bitcoin as a sovereign package. However, some Ethereum advocates have expressed dissatisfaction with the technology being referred to as rollups and have suggested that the team should avoid using the term.
Rollkit’s modular framework for stacks and its potential impact on the blockchain industry
On March 5, 2023, the developers Announced a new development that claims that it is now possible to produce sovereign accumulations for storing and retrieving data using the Bitcoin blockchain. The team behind the project are the developers of Rollkit, who detailed that the technology allows for more possibilities for accumulations and could help create a better Bitcoin block space fee market. To make this possible, the Rollkit team used Taproot transactions to read and write data to Bitcoin and created the “bitcoin-da” package to provide the necessary interface. They also implemented the “SubmitBlock” and “RetrieveBlocks” functions for Rollkit to interact with Bitcoin.
“Rollkit is a modular framework for builds that provides interfaces to connect different components, such as data availability layers,” the Rollkit development team explained. “The most recent addition is an early research implementation of a module that allows a Rollkit rollup to use Bitcoin for data availability.” Software developers too noted that the ordinal enrollment trend in Bitcoin showed the team the possibilities, and they followed a similar design process. “In essence, all that was needed were two functions: one to send cumulative blocks and one to retrieve them,” the Rollkit developers said.
Controversy Surrounding Rollkit’s Bitcoin Integration for Sovereign Accumulations
Following the Rollkit developers’ announcement, several Ethereum advocates criticized the team for describing the process as a digest. ETH supporter Ryan Berckmans saying: “A ‘Bitcoin sovereign rollup’ is actually an L1 alt that stores your block data in Bitcoin. It’s not a real summary or a real L2. (In my opinion), the best way to fight these lies is to build an Ethereum zk L2 that puts your data into Bitcoin.”
Another person insisted, “Just because you have data available doesn’t make it a summary.” The founder of interlacedAlexei Zamyatin also criticized Rollkit’s announcement. Please read this paper,” Zamyatin wrote. “You don’t inherit *anything* from the security of Bitcoin. Data availability – ok, but honestly, that has been used since 2012. The whole post describes ‘I write some data in Bitcoin’ with fancy buzzwords,” Zamyatin added.
The Rollkit developers have released a demo video on YouTube of technology in action. The team has also written a comprehensive blog post detailing how it works. “As we move towards a future where sovereign communities will form around different applications, asking them to incur the high cost and overhead of implementing a Layer 1 blockchain to be sovereign is not sustainable,” he concludes. Rollkit’s blog post. “Sovereign Rollups fix this by making it possible to implement a sovereign chain that inherits the data availability and consensus of another layer 1 chain like Bitcoin.”
What do you think about the use of Bitcoin as a means for sovereign accumulations? Do you think it has the potential to create a better Bitcoin block space fee market or do you agree with the critics that it is not a real rollup? Share your thoughts in the comments section below.
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