• 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

a year 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.

chest

Other news

CZ Zhao Issues Warning on Hardware Wallet Security Following Major Exploit

chest

CZ Zhao warns cryptocurrency owners about hardware wallet vulnerabilities following a major exploit that resulted in significant losses.

user avatarEmily Carter

Upbit Conducts Major Internal Wallet Reorganization of SHIB

chest

South Korean exchange Upbit has reorganized 864 billion SHIB across its internal wallet addresses as part of a standard internal rebalancing process aimed at managing liquidity and security.

user avatarTomas Novak

Avalanche Staking Value Reaches $20.477 Billion

chest

Avalanche's staking value has reached approximately $20.477 billion, indicating strong network participation.

user avatarMaya Lundqvist

Helicon Upgrade Activated on Fuji Testnet

chest

The Helicon upgrade has been activated on the Fuji testnet, marking a significant step in Avalanche's development.

user avatarKaterina Papadopoulou

Avalanche Awards Grant to YourGrails for Tokenization of Physical Trading Cards

chest

Avalanche's Team1 Accelerator awarded a $30,000 grant to YourGrails for tokenizing physical trading cards, supporting the growth of the real-world asset ecosystem.

user avatarLeo van der Veen

Aave Governance Considers Wind Down of Low-Use V3 Markets

chest

Aave governance is reviewing a proposal to wind down six low-adoption V3 markets and offboard dozens of reserves to reduce operational complexity.

user avatarLi Weicheng

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.