Bitcoin developer Burak, known for uncovering a bug in the Lightning Network, leading to an emergency update in 2022, is now developing a new Bitcoin layer 2 solution called Brollups. This innovation aims to enable more decentralized finance applications on the Bitcoin network. Brollups, a Bitcoin-native rollup design, eliminates the need for hard forking or introducing non-Bitcoin tokens. Burak plans to launch a signet (testnet) for Brollups later this year, targeting over 90% of DeFi use cases. Operators will manage Brollups, facilitating liquidity provision and advancing the rollup state through Bitcoin transactions. Despite previous exploits in the Lightning Network, Burak's approach has garnered praise for its seamless integration with Bitcoin. Other Bitcoin scaling projects like Drivechain and Spiderchain are also working towards enhancing DeFi capabilities on the network. The introduction of Brollups signifies a significant step towards expanding DeFi functionalities within the Bitcoin ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news
