Starknet to scale Bitcoin without forking or making new token, StarkWare says
StarkWare says its plan to broaden its scaling know-how to the Bitcoin community gained’t end in forking Starknet or making a brand new token.
StarkWare, the developer behind Starknet, clarified that its main focus stays on scaling Ethereum by means of using validity rollups and ZK proofs even regardless of its efforts to convey scalability options to the Bitcoin ecosystem.
We all know that you’re as excited as we’re to see what Starknet over Bitcoin means!
So, let’s make clear issues 🦸
Starknet will proceed specializing in scaling Ethereum like we have carried out since launching its first Validity Rollup. We’ll notably proceed our work within the ZK area as… pic.twitter.com/lBG07gKy17
— Starknet 🐺🐱 (@Starknet) June 7, 2024
In an X submit on Jun. 7, the blockchain developer valued at $8 billion highlighted its dedication to enhancing the effectivity of Ethereum scaling in 2024, saying the agency “will try to scale Ethereum in probably the most environment friendly approach potential.”
“Our purpose, constant for the reason that initiation of Starknet, is to develop STARK proofs to reinforce the scalability and integrity of blockchains that we imagine in.”
StarkWare
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Consequently, Starknet goals to serve each the Ethereum and Bitcoin communities with out creating a brand new layer or unique token for Bitcoin. As a substitute, Starknet will act as an execution layer that concurrently scales each Bitcoin and Ethereum.
“StarkWare gained’t fork Starknet to create a brand new layer on Bitcoin or set up an unique token for the Bitcoin ecosystem. As a substitute, Starknet will (attempt to) act as an execution layer that scales each Bitcoin and Ethereum concurrently. Its safety, governance, and ecosystem will all be pushed by the STRK token.”
StarkWare
StarkWare’s initiative to convey ZK scaling to Bitcoin comes as a part of a broader technique to handle the scalability challenges confronted by main blockchains. With the brand new growth, the Starknet developer goals to leverage its know-how from the Ethereum community to make a “single layer that settles on each Bitcoin and Ethereum.”
The agency anticipates finishing the event of the answer inside six months following the potential Bitcoin improve often known as OP_CAT, which seeks to combine good contracts into the Bitcoin ecosystem.
Learn extra: Starknet Basis launches $5m grant program
