ZK-rollups are a smart contract tech that offload computationally-intensive work from a main blockchain to a segregated layer.
Although somewhat nascent, there are multiple instances of working ZK-rollup solutions deployed in production today, primarily on the Ethereum network.
This is a 4-month research fellowship to explore the potential of ZK-rollups for the Bitcoin network.
The product of this fellowship will be an industry paper that addresses the following six research questions:
1) Can ZK-rollups help improve Bitcoin scalability?
2) What would ZK-rollup-based Bitcoin apps look like?
3) Are there any ways in which ZK-rollups could help upgrade or complement the Lightning Network — or would they be an entirely different structure?
4) How would Bitcoin Core need to change to integrate ZK-rollups? Are there any known current improvement proposals (e.g. OP_CTV) that would help?
5) What would be the main downsides and risks of bringing ZK-rollups to Bitcoin?
6) Are there ways to combine ZK-rollup scalability benefits with privacy benefits on Bitcoin?
If so, to which extent and at what cost?
The fellowship is being created with the acknowledgment that ZK-rollups may not be a helpful or appropriate addition to Bitcoin, but with the open mind that they might be.
The fellow will receive 1 BTC to support their efforts during the research and writing period.
This gift is made possible partly from StarkWare, and partly on the HRF side from a recent donation made by @cmsholdings at the suggestion of @udiWertheimer
Please include relevant information about your industry or academic background, a research plan in terms of who you will speak to, and your current sense of the impact ZK-rollups could have for Bitcoin.
We look forward to updating you once the fellow has been selected, and especially to updating you with the publication of the research paper later this year.
Onwards!
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2/ Part of the proceeds go to support @HRF and Bitcoin development across the planet.
I'd like to share the preface here, and hope that people worldwide find the book helpful in trying understanding the relationship between money and human rights.
Here we go!
3/ Nearly everyone has heard about Bitcoin, but only a tiny few are aware of the deep impact the digital currency is having around the world.
My show with @PeterMcCormack on the economics of war is out today
We recorded in early Feb, before most thought Putin would invade Ukraine, but the thesis remains the same
Borrowing for war, as America has done since Vietnam, is a threat to democracy
War finance in America is headed in an undemocratic direction
Decisions about how to pay for war have been taken out of the public's hands
No longer does the US fund war with the people's consent through taxation or liberty bonds
All conflict is now paid for with borrowing
One of the most attractive and important features of a democracy is that it's less likely to go to war than a dictatorship
But fiat currency and central banking is damaging the American democratic model, making it less connected to the people and less able to stop or shorten war
Hello from one of the biggest Bitcoin mines in Norway! 🇳🇴 ✌️
It was a pleasure to visit KryptoVault's Hønesfoss site today to see the impact that CEO Kjetil Hove Pettersen and team are making by harnessing running water to help defend open-source money for people worldwide
One thing I learned from Kjetil is that in addition to helping to secure the global Bitcoin network--which tens of millions of people rely on everywhere from Cuba to Iran to Palestine--they are also assisting local communities in Norway, like our friend here, a local lumberjack
Norway's sustainable forestry industry (Norwegian forests grow by about 25 million cubic meters of timber per year) often dries lumber in the summer sun, taking 2-3 months.
But here, using excess heat from Bitcoin mining, wood takes as little as 4 days to dry