StarkWare’s plan to bring its scaling technologies to the Bitcoin Network won’t lead to a Starknet fork or new token.
StarkWareThe developer behind StarknetThe company clarified its main focus is on scaling Ethereum By using validity rolls up and ZK proofs Even though it has tried to provide scalability to the Bitcoin ecosystem.
The following are some of the ways to get in touch with us an X post 7th June. The $8 billion blockchain developer highlighted their commitment to improving the efficiency of Ethereum Scaling in 2024. “will strive to scale Ethereum in the most efficient way possible.”
“Our goal, consistent since the initiation of Starknet, is to develop STARK proofs to enhance the scalability and integrity of blockchains that we believe in.”
StarkWare
Starknet is a network that aims to provide services for both Ethereum and Bitcoin without introducing a separate layer or token. Starknet instead will be an execution layer scaling both Bitcoin and Ethereum.
“StarkWare won’t fork Starknet to create a new layer on Bitcoin or establish an exclusive token for the Bitcoin ecosystem. Instead, Starknet will (try to) act as an execution layer that scales both Bitcoin and Ethereum simultaneously. Its security, governance, and ecosystem will all be driven by the STRK token.”
StarkWare
StarkWare’s plan to scale Bitcoin with ZK is part of an overall strategy that aims to solve the scaling issues faced by all major blockchains. Starknet, a developer of Starknet software, aims with the expansion to utilize its technology on the Ethereum network in order to make an “single layer that settles on both Bitcoin and Ethereum.”
The firm anticipates After the possible Bitcoin upgrade, known as OP_CATSmart contracts are a new technology that aims to be integrated into the Bitcoin eco-system.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: crypto.news
