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BitcoinOS to Introduce Alpha Mainnet for Digital Ownership Platform

 

BitcoinOS and Sovryn founder Edan Yago is creating a mechanism to turn Bitcoin into a digital ownership platform. Growing up in South Africa and coming from a family of Holocaust survivors, Yago's early experiences sneaking gold coins out of the nation between the ages of nine and eleven influenced his opinion that having financial independence is crucial for both human dignity and survival. 

"Money is power, and power is freedom," Yago explains. "Controlling people's access to capital means controlling their freedom. That's why property rights are critical. This conviction drives his work on BitcoinOS, which seeks to establish a foundation for digital property rights independent of governments or companies. 

Yago sees technology as the fundamental cause of societal transformation. He argues that the Industrial Revolution made slavery economically unviable, not a sudden moral awakening. However, he warns that technology needs direction, referencing how the internet morphed from a promise of decentralisation to a system dominated by industry titans.

When Yago uncovered Bitcoin in 2011, he saw it as "the missing piece" of digital property rights. Bitcoin introduced a decentralised ledger for ownership records, while Ethereum added smart contracts for decentralised computing, but both have size and efficiency restrictions.

BitcoinOS addresses these issues with zero-knowledge proofs, which enable computations to be confirmed without running on every node. "Instead of putting everything on a blockchain, we only store the proof that a computation happened correctly," Yago tells me. This technique can allow Bitcoin to support numerous types of property, including: real estate, stocks , digital identities, and other assets in Bitcoin's global ledger.

Yago characterises the cryptocurrency business as being in its "teenage years," but believes it will mature over the next decade. His vision goes beyond Bitcoin to embrace digital sovereignty and encryption as ways to better safeguard rights than traditional legal systems. 

BitcoinOS plans to launch its alpha mainnet in the coming months. Yago is optimistic about the project's potential: "We're creating property rights for the digital age." When you comprehend that, everything else comes into place." 

The quest for Bitcoin-based solutions coincides with increased institutional usage. BlackRock, the world's largest asset management, has recently launched its first Bitcoin exchange-traded product in Europe, which is now available on platforms in Paris, Amsterdam, and Frankfurt. This follows BlackRock's success in the United States, where it raised more than $50 billion for similar products.