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	<title>Brollups Archives - Coin Engineer</title>
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	<title>Brollups Archives - Coin Engineer</title>
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		<title>Bitcoin Developer Burak Introduces Brollups, a New Layer 2 for DeFi</title>
		<link>https://coinengineer.net/blog/bitcoin-developer-burak-introduces-brollups-a-new-layer-2-for-defi/</link>
					<comments>https://coinengineer.net/blog/bitcoin-developer-burak-introduces-brollups-a-new-layer-2-for-defi/#respond</comments>
		
		<dc:creator><![CDATA[Tanju Akbıyık]]></dc:creator>
		<pubDate>Mon, 24 Jun 2024 13:00:57 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[EN]]></category>
		<category><![CDATA[Genel]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Brollups]]></category>
		<category><![CDATA[DeFi]]></category>
		<category><![CDATA[layer 2]]></category>
		<guid isPermaLink="false">https://coinengineer.io/?p=23429</guid>

					<description><![CDATA[<p>Bitcoin developer “Burak,” famous for exploiting a bug in the Lightning Network in 2022, is now working on a new Bitcoin layer 2 solution called &#8220;Brollups.&#8221; This initiative aims to enhance decentralized finance (DeFi) use cases on the Bitcoin network. Brollups: A Bitcoin-Native Rollup Brollups offer a Bitcoin-native rollup design that bundles transactions without the</p>
<p>The post <a href="https://coinengineer.net/blog/bitcoin-developer-burak-introduces-brollups-a-new-layer-2-for-defi/">Bitcoin Developer Burak Introduces Brollups, a New Layer 2 for DeFi</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>Bitcoin developer “Burak,” famous for exploiting a bug in the Lightning Network in 2022,</strong> is now working on a new Bitcoin layer 2 solution called &#8220;Brollups.&#8221; This initiative aims to enhance decentralized finance (DeFi) use cases on the Bitcoin network.</p>
<h2>Brollups: A Bitcoin-Native Rollup</h2>
<p><strong>Brollups</strong> offer a Bitcoin-native rollup design that bundles transactions without the need for a Bitcoin hard fork or the issuance of a non-Bitcoin token. In a June 21 Medium post, Burak explained that Brollups is still in the “design phase,” with a signet (testnet) rollout potentially scheduled for later this year. Brollups aim to support over 90% of DeFi use cases when it launches. Burak elaborated, “Whether it’s listing an NFT for sale in exchange for Bitcoin where the buyer pays with <strong>Bitcoin</strong> upon execution, or placing a token sell order on a decentralized exchange, [all of this is] atomically executed, verifiable, scalable, and enforceable on Bitcoin.”</p>
<p><a href="https://coinengineer.net/blog/analysts-predict-potential-bitcoin-decline-to-52000-amid-bearish-market-signals/"><em><span style="font-weight: 400;">This Might Interest You: Analysts Predict Potential Bitcoin Decline to $52,000 Amid Bearish Market Signals</span></em></a></p>
<p><strong>Brollups</strong> are designed to work natively with Bitcoin as a payable construct, managed by &#8220;operators&#8221; who provide liquidity and advance the rollup state by chaining <strong>Bitcoin</strong> transactions at regular intervals. Transactions will be executed on the Bitcoin Virtual Machine. Burak has received significant praise from the Bitcoin community for developing this solution without needing a hard fork or creating a new token.</p>
<p>In October 2022, Burak exploited a bug in <strong>the Lightning Network</strong> with a 998-of-999 multisignature Taproot transaction, leading to an emergency update for Lightning Network node operators. This incident, which cost only a $5 transaction fee, highlighted an unintended consequence of the Taproot upgrade. Although no funds were stolen, it caused all nodes to temporarily fall out of sync.</p>
<h2>Future of Bitcoin Scaling Projects</h2>
<p><strong>Burak’s Ark</strong>, launched in May 2022, focused on payments by eliminating the need for payment channels. Other Bitcoin scaling projects, such as Drivechain and Spiderchain, also aim to bring DeFi functionality to <strong>Bitcoin</strong>, indicating a growing trend in enhancing Bitcoin’s capabilities.</p>
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<p>The post <a href="https://coinengineer.net/blog/bitcoin-developer-burak-introduces-brollups-a-new-layer-2-for-defi/">Bitcoin Developer Burak Introduces Brollups, a New Layer 2 for DeFi</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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