StarkWare, the developer behind Starknet, has announced plans to bring its scaling technology to the Bitcoin network without causing a fork or introducing a new token.
StarkWare is renowned for its focus on scaling Ethereum using validity rollups and zero-knowledge (ZK) proofs. Despite their new initiative to extend scalability solutions to Bitcoin, the company’s primary commitment remains to the Ethereum network.
This expansion into Bitcoin is part of StarkWare’s broader strategy to tackle scalability challenges affecting major blockchains. By leveraging their existing technology from the Ethereum network, StarkWare aims to create a “single layer that settles on both Bitcoin and Ethereum.”
The company expects to complete this development within six months, contingent upon the potential Bitcoin upgrade known as OP_CAT. This upgrade seeks to integrate smart contracts into the Bitcoin ecosystem, paving the way for enhanced scalability solutions.
Summary Review: StarkWare’s initiative to extend its ZK scaling technology to Bitcoin represents a significant step towards solving the scalability issues faced by major blockchains. By leveraging their expertise from the Ethereum network, StarkWare aims to create a unified layer for both Bitcoin and Ethereum, all while avoiding the complications of forking or introducing a new token. This approach not only underscores the potential for cross-chain scalability solutions but also highlights StarkWare’s commitment to innovation in the blockchain space.
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