Key Takeaways
- Starknet goals to attach Bitcoin and Ethereum networks to increase DeFi alternatives.
- The protocol seeks to dramatically cut back transaction charges and improve processing speeds.
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Starknet introduced as we speak its plan to grow to be the primary layer 2 community that settles transactions on each Bitcoin and Ethereum. The agency goals to unify the 2 dominant blockchain ecosystems and increase its DeFi capabilities.
1/ Daring new narrative: Scaling Bitcoin + Ethereum collectively
Starknet will grow to be the primary L2 to choose each Bitcoin & Ethereum, bringing the 2 largest blockchain ecosystems on a single layer, unlocking new DeFi alternatives and higher liquidity.
Learn our imaginative and prescient & plan 👇 pic.twitter.com/JzWo7OzoIs
— Starknet 🐺🐱 (@Starknet) March 11, 2025
The plan targets addressing Bitcoin’s limitations. The flagship crypto asset’s utility past holding and buying and selling stays restricted, largely as a consequence of community limitations, excessive transaction prices, and reliance on custodial options for DeFi actions.
Starknet seeks to rework Bitcoin right into a productive asset able to producing yield and fascinating in DeFi actions with out compromising its core values of safety and decentralization.
To make sure the smoothest Bitcoin integration, Starknet is specializing in constructing federated bridges, BitVM-powered Bridge, and a future trustless bridge. The agency mentioned it’s working with each present and future applied sciences to construct one of the best Bitcoin bridging resolution.
As well as, Starknet shared that it has already partnered with main Bitcoin tasks to construct modern merchandise, together with Xverse, Bitcoin staking and different DeFi options.
Key enhancements
As famous, the platform goals to scale back transaction charges from $2 to $0.002 and reduce block affirmation instances from 10 minutes to 2 seconds.
Concerning transaction throughput, Starknet guarantees to dramatically improve transaction throughput from seven transactions per second (TPS) to 1000’s.
The agency additionally targets enhancing consumer expertise with a seamless web2-like consumer interface with options comparable to 2FA/3FA-powered wallets and session keys.
Starknet expects to attain full decentralization by early 2026, eliminating central authority management over transactions.
StarkWare’s Bitcoin and Ethereum reserves
Starknet additionally revealed that StarkWare, its core contributor, is establishing strategic Bitcoin and Ethereum reserves and can proceed accumulating each digital belongings over time.
To speed up Bitcoin integration, the Starknet Basis is introducing a focused incentive program. This initiative goals to determine Starknet as a premier vacation spot for BTC holders in search of yield technology, providing a compelling various to conventional, centralized platforms.
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