Alexei Zamyatin (Build on Bitcoin) on True Rollups on Bitcoin (EP.608)
Episode publishedPodcast: On The Brink with Castle Islan...On The Brink with Castle Island
Transcript preview
Preview only
Hello, and welcome to On the Brink. I'm Nick Carter. Today, we're sitting down with Alexei Zamyatin, who is the founder of Build on Bitcoin or BOB for short. They're hybrid l two utilizing bit VM v two, and they will be producing a roll up on Bitcoin. They are already live on main net, actually. Today, we're talking about whether we are gonna see these true roll ups on Bitcoin. What are they gonna look like? Are they gonna look similar to what we have on Ethereum? Will the security guarantees be the same? And will DeFi make its way to Bitcoin? And what does that mean for Ethereum? We dive into
Thanks for having me.
So it's an exciting time in, Bitcoin season two, I guess we're calling it. Bitcoin renaissance. Yeah. Tell me, what's give us kind of, the lay of the land. You know? What's, what's been going on this year? What does 2025 mean for Bitcoin season two? Yeah.
I mean, I think we we've what we've seen is the the hype has kind of come down a bit in terms of the number of new Bitcoin layer twos being launched. We've I think we see a lot of attention shift towards application level and, like, the the DeFi side of things. We're experiencing, I feel, a DeFi ecosystem renaissance across, like, different l ones and l twos at the same time. So we see more top tier tier one DeFi operators that, you know, have been very successful previously come back and look at Bitcoin. I mean, you have coming back with with Optimex. You have Michael from Curve coming back w
the state of the art for a roll up on Bitcoin today, in terms of getting to a, quote, unquote, true roll up with kind of the security guarantees that we wanna see? Alright.
I see we're going spicy from the start. So I think it's important to state that similar to what we've seen on Ethereum where it took us five years to really see that first kind of stage one, stage two roll ups really rollout go to main net. Bitcoin's moving faster, but we don't yet have stage one roll ups on Bitcoin. We have stage zero. Can you
define that? What did what would constitute stage one? I
mean, I generally tend to follow the definitions that we see on l two beats where, you know, a lot of the role of definition terminology has has come from because I do feel that that's a very good way of just aligning with the definitions people are used to. So there's always some nuance between stage zero and stage one. They gradually update it and make you more strict. But generally speaking, the distinction here would be, okay. Does it is it really a roll up? Like, is there a fault proof system? And if yes, if it works, it's up to break. If it's operational, then you're stage one. And then,
Yeah. I'm looking at l two b. Of the top 15 l twos on Ethereum, only two are considered stage one, op, op, mainnet, and arbitrum. And even base is still considered stage zero. Exactly.
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.