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

StarkWare's Bitcoin Scaling Solution Announcement

user avatar

by Giorgi Kostiuk

a year ago


StarkWare, a prominent blockchain developer with a valuation of $8 billion, is set to revolutionize Bitcoin scalability with its cutting-edge technology. The company, known for its significant contribution to Ethereum Layer 2 Starknet, is now gearing up to implement a zero-knowledge scaling solution for Bitcoin. The recent discussion around the Bitcoin OP_CAT proposal in the community has spurred StarkWare to extend its expertise to the Bitcoin network.

In a recent statement, StarkWare CEO and co-founder, Eli Ben-Sasson, revealed the ambitious vision of Starknet becoming the first network to settle on both Bitcoin and Ethereum simultaneously. The plan aims to boost Bitcoin's transaction throughput to thousands per second, a milestone expected to be achieved within six months post the potential Bitcoin upgrade, OP_CAT.

A key highlight of StarkWare's strategy is that it does not involve the creation of an additional chain. Instead, the existing Starknet network will be leveraged, maintaining the same governance and tokenomics structure. This approach allows for Bitcoin scaling without necessitating a fork, offering flexibility for decentralized applications (dApps) to choose their settlement preference.

Contrary to common perception, StarkWare advocates for extensive scalability across various blockchains, not just Ethereum. Ben-Sasson emphasized that StarkWare is focused on maximizing utility and scalability, positioning itself as a leading expert in scaling solutions for diverse blockchain ecosystems like Ethereum and Bitcoin.

Furthermore, StarkWare has unveiled a $1 million fund to support Bitcoin researchers interested in contributing to its scaling initiatives. The fund, allocated for applications that highlight risks related to OP_CAT or present innovative proofs of concept, underscores StarkWare's commitment to fostering advancements in Bitcoin's scalability and network development.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Algorand (ALGO) Aiming for $0.50: Current Trend Analysis

chest

Algorand (ALGO) price changes after a long decline. Current analysis indicates bullish trends and potential support levels.

user avatarGiorgi Kostiuk

Explore Potential Altcoins: BlockDAG, Chainlink, XRP, and Cardano

chest

Overview of BlockDAG, Chainlink, XRP, and Cardano, their features and relevance in the market.

user avatarGiorgi Kostiuk

WLFI Token Prepares for Trading with $16 Billion Market Valuation

chest

The WLFI token, tied to a DeFi initiative, is set to debut on exchanges with a valuation of $16 billion. Negotiations for exchange listings are ongoing.

user avatarGiorgi Kostiuk

Latest News on Pi Network, Binance Coin, and BlockDAG in the Crypto Space

chest

An overview of the current state of Pi Network, Binance Coin, and BlockDAG in the cryptocurrency market.

user avatarGiorgi Kostiuk

Crypto News: BlockDAG, Mantle, and Ethereum Show Growth

chest

BlockDAG partners with Seattle Seawolves, while price predictions for Mantle and Ethereum turn positive.

user avatarGiorgi Kostiuk

BlockDAG Launches with 7-Day Access Window, VeChain Stays Flat, Pi Coin Drifts

chest

BlockDAG offers unique early access to coins upon launch as VeChain and Pi Coin stabilize at their levels.

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.