Starknet takes a step to integrate the largest blockchain ecosystems — Bitcoin and Ethereum, offering new DeFi opportunities and transaction stability.
Bridging Two Largest Blockchain Ecosystems
Bitcoin is often considered digital gold, while its use in DeFi remains limited. Starknet aims to change this by introducing scalability and smart contracts to the Bitcoin network.
Challenges Bitcoin Faces in DeFi
Despite its dominant role, Bitcoin faces issues like limited functionality, dependency on third parties, and high fees due to slow transaction times.
Starknet's Solutions to Address Limitations
Starknet plans to act as Bitcoin's execution layer, providing fast and economical transactions, and opening new DeFi opportunities like staking and trading.
Starknet paves the way for closer Bitcoin integration into DeFi through new technologies and partnerships, potentially transforming the financial landscape.
