StarkWare, the developer behind Starknet, has recently clarified that its plan to expand its scaling technology to the Bitcoin network will not involve forking Starknet or creating a new token. The company remains committed to enhancing Ethereum scaling through validity rollups and ZK proofs, as it has been doing since launching its first Validity Rollup. StarkWare’s primary goal is to develop STARK proofs to improve the scalability and integrity of blockchains. With this expansion, Starknet aims to serve both the Ethereum and Bitcoin communities without introducing a new layer or token for Bitcoin. Instead, it will act as an execution layer that scales both Bitcoin and Ethereum simultaneously.
StarkWare intends to bring ZK scaling to Bitcoin as part of a broader strategy to address scalability challenges faced by major blockchains. The company plans to leverage its technology from the Ethereum network to create a single layer that settles on both Bitcoin and Ethereum. This initiative comes at a time when the blockchain developer is valued at $8 billion and is committed to enhancing the efficiency of Ethereum scaling in 2024. StarkWare aims to complete the development of this solution within six months following the potential Bitcoin upgrade known as OP_CAT, which aims to integrate smart contracts into the Bitcoin ecosystem.
By expanding its scalability solutions to the Bitcoin network, StarkWare is taking a significant step towards addressing the scalability challenges faced by major blockchains. The company’s commitment to enhancing Ethereum scaling through validity rollups and ZK proofs remains at the forefront of its efforts, even as it works to bring scalability solutions to the Bitcoin ecosystem. StarkWare’s goal is to develop STARK proofs that will improve the scalability and integrity of blockchains, serving both the Ethereum and Bitcoin communities without creating a new layer or token for Bitcoin.
With the introduction of ZK scaling to Bitcoin, StarkWare aims to create a single layer that settles on both Bitcoin and Ethereum, leveraging its technology from the Ethereum network. This initiative comes as part of StarkWare’s broader strategy to tackle scalability challenges and enhance the efficiency of blockchain networks. The company anticipates completing the development of this solution within six months following the potential Bitcoin upgrade known as OP_CAT, which seeks to integrate smart contracts into the Bitcoin ecosystem.
StarkWare’s initiative to bring scalability solutions to the Bitcoin network underscores the company’s commitment to advancing blockchain technology and addressing the scalability challenges faced by major blockchains. By leveraging its expertise in validity rollups and ZK proofs, StarkWare aims to enhance the efficiency of Ethereum scaling while also serving the Bitcoin community. With its plan to create an execution layer that scales both Bitcoin and Ethereum simultaneously, StarkWare is poised to play a significant role in driving innovation and scalability in the blockchain industry.
In conclusion, StarkWare’s plan to expand its scaling technology to the Bitcoin network represents a significant step forward in addressing the scalability challenges faced by major blockchains. The company’s commitment to enhancing Ethereum scaling through validity rollups and ZK proofs remains steadfast, and its initiative to bring ZK scaling to Bitcoin underscores its dedication to advancing blockchain technology. With its goal of creating a single layer that settles on both Bitcoin and Ethereum, StarkWare is well-positioned to drive innovation and scalability in the blockchain industry while serving both the Ethereum and Bitcoin communities.
Discussion about this post