Close Menu
  • Home
  • News
  • Bitcoin
  • Cardano
  • XRP
  • IOTA
  • All posts
What's Hot

VeChain (VET) Transitions from ‘Sleepy’ Status as Demand Loop and Real-World Applications Surge

Jun. 2, 2025

VeChain Introduces StarGate with $15 Million in VTHO Incentives—Optimize Your Rewards

May. 28, 2025

VeChain’s Pioneering Role in Real-World Blockchain: Insights from Sunny Lu

May. 28, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Digi Coin BlazeDigi Coin Blaze
Subscribe
  • Home
  • News
  • Bitcoin
  • Cardano
  • XRP
  • IOTA
  • All posts
Digi Coin BlazeDigi Coin Blaze
Home » Bitcoin Developer Burak Introduces Brollups to Enhance DeFi on BTC
Bitcoin

Bitcoin Developer Burak Introduces Brollups to Enhance DeFi on BTC

By adminJun. 24, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin Developer Burak Introduces Brollups to Enhance DeFi on BTC
Bitcoin Developer Burak Introduces Brollups to Enhance DeFi on BTC
Share
Facebook Twitter LinkedIn Pinterest Email

Burak, a well-known Bitcoin developer who is recognized for his contributions to the Lightning Network, has introduced a revolutionary layer 2 solution called “Brollups.” This innovative solution aims to enhance Bitcoin’s decentralized finance (DeFi) capabilities by supporting a wide range of use cases, including NFT sales and token trades on decentralized exchanges (DEXs). The remarkable aspect of Brollups is that it achieves this without requiring a hard fork or the creation of a new token.

According to a recent update on Trading View, Burak is focused on expanding Bitcoin’s DeFi use cases through the implementation of Brollups. This new solution bundles transactions and is managed by operators who link Bitcoin transactions at regular intervals on the Bitcoin Virtual Machine. By integrating Brollups, Bitcoin’s scalability and utility in the DeFi sector are significantly enhanced.

Currently, Brollups is in the design phase, as mentioned in a recent YouTube video by CNF. A testnet version of Brollups is expected to be released later this year. In a Medium post on June 21, Burak emphasized that Brollups are seamlessly integrated with Bitcoin, allowing transactions to be bundled and executed efficiently on the Bitcoin network. He also highlighted their potential for verifiable, scalable, and enforceable DeFi applications. Burak further shared insights on the development and expected capabilities of Brollups in a recent tweet.

Burak has received extensive praise from the Bitcoin community for developing Brollups without the need for a hard fork or the creation of a new token. His past work includes an exploit of the Lightning Network in October 2022, where he conducted a 998-of-999 multisignature Taproot transaction. This incident led to an emergency update for Lightning Network node operators and shed light on an unintended consequence of the Taproot upgrade. Although Taproot transactions reached their peak at 46.4% of all Bitcoin transactions in December 2023, they have since declined to 30%. Burak’s efforts, along with other Bitcoin scaling projects like Drivechain and Spiderchain, continue to enhance Bitcoin’s functionality in the DeFi space.

As Brollups progresses towards its testnet release, the Bitcoin community eagerly awaits the enhanced capabilities that this solution promises to deliver. In the meantime, Bitcoin is currently consolidating at $65,000, with speculation on whether it will reach $70,000 or drop to $60,000 next. The current trading price of Bitcoin (BTC) is $61,357.05, with a decrease of 4.69% in the past day and 6.57% in the past week. For more details, refer to the BTC price chart.

For those interested in Bitcoin, we recommend checking out our Buy Bitcoin Guide, Bitcoin Wallet Tutorial, and the 24-hour Bitcoin Price. Stay updated with the latest Bitcoin news by subscribing to our daily newsletter. Rest assured, there will be no spam or deceitful information, only valuable insights. You can unsubscribe at any time.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

$107K BTC – Breakout or Bull Trap? Five Key Insights for This Week

May. 19, 2025

Bitcoin News: Metaplanet Acquires 1,004 BTC in Its Second-Largest Purchase to Date

May. 19, 2025

Top 3 Cryptocurrencies Under Pressure: Weak Momentum Raises Concerns About BTC, ETH, and XRP Rally

May. 19, 2025
Leave A Reply Cancel Reply

Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss

VeChain (VET) Transitions from ‘Sleepy’ Status as Demand Loop and Real-World Applications Surge

News Jun. 2, 2025

VeChain (VET) is moving beyond its old image as a passive blockchain project.The network is gaining…

VeChain Introduces StarGate with $15 Million in VTHO Incentives—Optimize Your Rewards

May. 28, 2025

VeChain’s Pioneering Role in Real-World Blockchain: Insights from Sunny Lu

May. 28, 2025

IOTA Launches Korean Community Campaign Offering Substantial 320,000 MIOTA Rewards

May. 19, 2025
About Us
About Us

Digi Coin Blaze is your go-to platform for exploring the latest cryptocurrency news, in-depth analysis, and market trends. We are committed to providing comprehensive digital currency information to help you seize investment opportunities.

Featured Articles

VeChain (VET) Transitions from ‘Sleepy’ Status as Demand Loop and Real-World Applications Surge

Jun. 2, 2025

VeChain Introduces StarGate with $15 Million in VTHO Incentives—Optimize Your Rewards

May. 28, 2025

VeChain’s Pioneering Role in Real-World Blockchain: Insights from Sunny Lu

May. 28, 2025
Most Popular
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • News
    • Bitcoin
    • Cardano
    • XRP
    • IOTA
    • All posts
    © 2025 Digi Coin Blaze All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.