• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Starknet: First L2 Solution for Bitcoin and Ethereum in One Scale

user avatar

by Giorgi Kostiuk

4 months ago


Starknet has announced plans to become the first L2 network to execute transactions on both Bitcoin and Ethereum. This move aims to create a unified platform for the two largest blockchain ecosystems.

Bridging Bitcoin and Ethereum

Starknet intends to change the perception of Bitcoin as 'digital gold' by adding functionality for DeFi applications interaction. The L2 technology will enable off-chain transaction processing, ensuring more efficient operations.

Overcoming Bitcoin's Limitations

Bitcoin faces several limitations such as limited functionality, security risks, and high fees. Starknet aims to tackle these challenges by introducing scalability and smart contracts.

Starknet's Solutions

Starknet will act as Bitcoin’s execution layer, speeding up transactions and lowering costs. Plans also include implementing smart contracts and integrating with Xverse Wallet to make DeFi on Bitcoin accessible.

Starknet aims to redefine the use of Bitcoin by providing it with new opportunities in the DeFi sector, enhancing the decentralized nature and security of transactions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Cryptocurrency Market: Meme, AI, and RWA Assets Show Strong Performance

chest

Review of crypto market changes from June 30 to July 7: Meme, AI, and RWA assets reported significant gains.

user avatarGiorgi Kostiuk

XRP Shows Strong Growth Amid Speculations of BlackRock ETF

chest

XRP rises amid speculations of BlackRock filing for an ETF. The token's price has surpassed $2.50 and could reach $9.63.

user avatarGiorgi Kostiuk

Polygon Shows Outstanding Results in Crypto Micropayments

chest

Polygon reaches new heights in crypto micropayments, surpassing $100 million in monthly volume, capturing over 50% of the market.

user avatarGiorgi Kostiuk

Peter Schiff Urges Investors to Sell Bitcoin and Buy Silver

chest

Economist Peter Schiff advises investors to sell Bitcoin amid new price highs and switch to silver as a safer asset.

user avatarGiorgi Kostiuk

Australia Launches Project Acacia to Test Digital Currencies

chest

Project Acacia includes testing CBDCs and stablecoins with leading Australian banks to enhance transaction efficiency.

user avatarGiorgi Kostiuk

Pump.fun and Kolscan: New Collaboration Ahead of ICO

chest

Pump.fun has acquired Kolscan to enhance analytics ahead of its $600 million ICO.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.