zkBTC One-Pager
Bitcoin’s Predicament
Scalability Limits
Bitcoin’s architecture, while secure and decentralised, struggles with scalability, limiting transaction throughput and innovation.
Smart Contract Functionality
The absence of native smart contract support restricts Bitcoin's utility and adaptability in a rapidly evolving digital asset ecosystem.
Community Divide
The rise of Ordinals, Runes & BRC-20 tokens on Bitcoin has intensified debates over network scalability and fees, leading to a rift between purists and progressives.
Current Landscape
In an attempt to combat this, a growing cohort of Bitcoin sidechains/Layer 2s have emerged in recent years. However, none of these solutions have thus far been able to truly capture the imagination of the Bitcoin community and achieve significant adoption.
Further, current solutions are either not positioning to be future-proof with the emergence of upcoming Bitcoin-native technological advancements, or they are doing so in a way which is confining them to the theoretical realm in the meantime - thus not proactively helping to solve Bitcoin’s current issues.
The zkBTC Approach
- Scalable Ecosystem: Leveraging Polygon zkEVM, zkBTC removes barriers for Bitcoin and Ordinals communities, enabling unrestricted innovation and growth without compromising on performance.
- Strategic Deployment: With cutting-edge technology, zkBTC provides immediate solutions to Bitcoin’s pressing challenges, ensuring adaptability and future integration with Bitcoin-native advancements.
- Trustless Integration: zkBTC will be trustlessly plugged into Ethereum and, once the tech is available, trustlessly integrated with the Bitcoin network also.
- Ordinals, Runes, and BRC-20 Focused: Core to the mission of zkBTC is to foster a vibrant and utility-rich ecosystem for Ordinals, Runes, and BRC-20 tokens, in addition to BTC. In doing so, Bitcoin-centric innovation will be able to thrive and accelerate in terms of adoption without compromising the core value propositions of the base Bitcoin chain.
- BTC Gas Optionality: Upon further evolution, zkBTC users will be free to utilise various versions of BTC for gas (subject to governance). This includes trust-minimised native BTC once the technology allows.
Infrastructure & Service Providers
Polygon zkEVM
Gateway FM
ShapeShift
THORChain
Lunar Digital Assets
