FIRST MOVER: Bitcoin Surges Above $60K; Bitcoin ZK Rollup Citrea Raises $2.7M
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 29 February 2024
⏱️ 15 minutes
🧾️ Download transcript
Summary
Host Jennifer Sanasie breaks down the latest news in the crypto industry. And, a conversation with Chainway Labs co-founder and CEO Orkun Kılıç on ZK rollups.
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The price of bitcoin (BTC) topped the $60,000 level on Wednesday, the original cryptocurrency's first time above that level since the peak of the last bull market in November 2021. Plus, Chainway Labs co-founder and CEO Orkun Kılıç shares the latest developments in the Bitcoin ecosystem and the launch of Citrea.
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This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.
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Transcript
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| 0:43.9 | Wondery UK. That's audible.com slash Wondery UK. Before ZEK relaps, all the solutions |
| 0:51.7 | that previously happening in the Bitcoin ecosystem were depending on multisignatures. |
| 0:57.0 | Like, there are several multisix schemes that you can create on Bitcoin. |
| 1:01.0 | But while you are going to these monotic side chain structure, you are depositing your Bitcoin into multilix, which causes a trust issue. |
| 1:09.0 | You have to trust members of that multisict, not to steal your money. This is a trust issue. You have to trust members of that multi-sik, not to steal your money. |
| 1:13.4 | This is a huge issue with all the side chains, besides the monolithic architecture and unsc scalable way. |
| 1:20.3 | But with roll-ups, you are basically scaling the block space itself. |
| 1:24.4 | You are not going to anywhere else. |
| 1:26.0 | You are not creating another block space. |
| 1:28.5 | Welcome to first move around Coin Desk. I'm Jen Sanasi. Happy 60K day. Bitcoin is flying this morning. |
| 1:35.9 | That's becoming a common theme here on this show every morning. It seems like Bitcoin is |
| 1:41.1 | climbing higher and higher sitting above $60,000 as of 10.30 a.m. Eastern time. |
| 1:49.5 | And the market cap has reached $1.2 trillion. |
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