Renowned Bitcoin developer, Burak, known for uncovering a bug in the Lightning Network that led to an emergency update in 2022, is now working on a new layer 2 solution for Bitcoin. This new project, called Brollups, aims to introduce more decentralized finance use cases to the Bitcoin ecosystem.
Burak, who previously developed the Ark Protocol as a competitor to the Lightning Network, has unveiled Brollups as a layer 2 solution with a Bitcoin-native rollup design. This innovative approach allows for the bundling of transactions without the need for a hard fork of Bitcoin or the creation of a non-Bitcoin token.
In a recent Medium post on June 21, Burak mentioned that Brollups is still in the design phase, with plans for a testnet rollout later this year. Once launched, Brollups is expected to support over 90% of decentralized finance use cases, deeply integrated into Bitcoin as a payable construct.
Operators will manage Brollups, providing liquidity to the protocol and advancing the rollup state by linking Bitcoin transactions at regular intervals. Transactions will be processed on the Bitcoin Virtual Machine.
Burak’s ingenuity in developing this solution without the necessity of a hard fork or new token has garnered praise within the Bitcoin community. From his previous exploit in the Lightning Network to now building a scaling competitor, Burak continues to push the boundaries of innovation in the Bitcoin space.
In October 2022, Burak made headlines by exploiting the Lightning Network with a multisignature Taproot transaction, prompting an emergency update for Lightning Network node operators. This incident shed light on an unintended consequence of the Taproot upgrade, but no funds were stolen.
With projects like Drivechain and Spiderchain also focused on enhancing Bitcoin’s DeFi capabilities, Burak’s efforts, including the launch of Ark in May 2022, are driving the evolution of Bitcoin’s layer 2 solutions. The introduction of Brollups signals a new chapter in bringing advanced decentralized finance functionalities to the Bitcoin ecosystem.