The RollKit, ‘a modular framework for Rollup’, was introduced to the cryptocurrency market last week. With this first of its kind devlopment it is now possible to produce sovereign rollups to store and retrieve data using the Bitcoin blockchain.
This is another development on the blockchain technology, where developers are trying to merge the age-old blockchain with another latest technology.
Using Bitcoin (BTC) for data distribution, Rollkit has completed its “research implementation” of rollup infrastructure. They have also made it possible run the ethereum virtual machine (EVM) as sovereign roll-up on bitcoin.
This new integration expands the possibilities for rollups, and also has the potential to help bootstrap a healthy blockspace fee market on Bitcoin, enabling a more sustainable security budget.
The Rollkit’s new rollup solution allows customers to create rollups by accessing and saving data on the Bitcoin blockchain. It was influenced by the Ordinals, the Bitcoin NFT protocol that demonstrated to developers that people could potentially publish arbitrary data to the blockchain through Taproot.
The Rollkit developers read and write data on blockchain using Taproot transection and producing the “bitcoin-da ” package to offer the required interface. They also added the “Submitblock” and “RetrieveBlock” capabilities to Rollkit to allow it to communicate with Bitcoin.
The term rollup refers to the collection of transactions that are combined into one transaction off chain before being submitted to Ethereum as an on-chain transaction. Similarly, a sovereign rollup is one that is scalable, secure and has the “sovereignty” of a layer 1, there is no need for a ‘smart contract’.
Ryan Berkmans, a Web3 and crypto investor, insisted that the “sovereign rollup on bitcoin” is not a real rollup or a real L2, “it’s actually an alt L1 that stores its block data on bitcoin.”
Rollkit is not yet suitable for production, this integration is still in its early stages of development.
Also read: Yuga Labs announces Auction of Bitcoin Ordinals Collection “TwelveFold”
