Ethereum layer 2 Starknet lays the basics to settle on Bitcoin and Ethereum to unify the two largest blockchains on a single layer.
The Starknet Foundation said in his Bitcoin roadmap on March 11 that he was aiming for Starknet to become the Bitcoin execution layer, alcoholizing 13 transactions per second to thousands, reducing blocks and gas fees and creating a better user experience.
“Most Bitcoin are today static in portfolios and exchanges, limited by the limits of the original design of the network: a lack of scalability and an inability to natively support applications beyond simple purchases, sales and transfer,” said the foundation.
He added that if some investors consider Bitcoin as “digital gold”, he believes that “there is a demand for the use of bitcoin for purposes beyond.”
Source: Net
Previously, Starkware CEO Eli Ben Sasson, the company behind Stark proof which contributes to the development of Starknet, said OP_CAT, an OPCODE of Satoshi-Ere to unlock the programmability on Bitcoin which was disabled on security problems, would allow Starknet to settle on the Bitcoin blockchain.
In the event of success, Starknet said that this decision would allow developers to create applications on the Bitcoin network through smart contracts and allow applications such as intention, borrowing, loans, leverage and performance.
As part of the announcement, Starkware said that he had joined the growing number of companies in the creation of a Bitcoin reserve (BTC), holding a growing part of its crypto treasure.
Source: Ameen Soleimani
Starknet is also associated with Bitcoin Web3 Wallet Xverse, including the founder and CEO, Ken Liao, said that integration, scheduled for the second quarter of 2025, will reach Bitcoin’s “take -off moment”.
Xverse said that portfolios should be more than storage solutions; And allow easy access to the growing usefulness of Bitcoin. Liao said in a press release that the end of the game is without confidence to be bitcoin.
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“In today’s environment, there is a temptation for the portfolio teams to say:” Yes, let’s just focus to facilitate that people use Bitcoin as a value reserve “,” said Liao.
“But the long-term future of Bitcoin also includes usefulness, and that is why layer 2 solutions must reach the public via the portfolios they really use,” he added.
Meanwhile, in a space X of March 11, discussing the Starknet plan, the co-founder of Ethereum Vitalik Buterin said that a suitable Bitcoin L2 which can satisfy the necessary security properties “would make cryptography payments again very well, and all these use cases can work”.
Starknet on Bitcoin and Ethereum https://t.co/tcyqdhy7yr
– Starkware 🐺🐱 (@starkwareltd) March 11, 2025
Buterin said that there was “a lot of value” to allow the flow of assets without confidence between the Bitcoin and Ethereum ecosystems, such as easier paths for decentralized exchange.
“If you go back on the white paper, Bitcoin was supposed to be an electronic cash system between peers, and obviously, layer 1 is not scalable enough for that,” said Buterin.
“I think we have also seen some of the limits of the Lightning network and this kind of approach.”
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