StarkWare says its plan to extend its scaling technology to the Bitcoin network will not result in forking Starknet or creating a new token.
StarkWare, the developer behind Starknet, clarified that its primary focus remains on scaling Ethereum through the use of validity combinations and ZK proofs, despite its efforts to provide scalability solutions to the Bitcoin ecosystem.
We know you’re as excited as we are to see what Starknet means about Bitcoin!
So let’s clarify things 🦸
Starknet will continue to focus on scaling Ethereum, as we have done since the launch of the first Validity Rollup. In particular, we will continue our work on ZK as… pic.twitter.com/lBG07gKy17
— Starknet 🐺🐱 (@Starknet) June 7, 2024
In a June 7 to scale up efficiently.”
“Our goal, consistent since Starknet’s founding, is to develop STARK proofs to improve the scalability and integrity of blockchains we believe in.”
StarkWare
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As a result, Starknet aims to serve both the Ethereum and Bitcoin communities without creating a new layer or exclusive token for Bitcoin. Instead, Starknet will act as an execution layer that scales both Bitcoin and Ethereum simultaneously.
“StarkWare will not use Starknet to create a new layer on Bitcoin or create an exclusive token for the Bitcoin ecosystem. Instead, Starknet will (attempt to) act as an execution layer that scales both Bitcoin and Ethereum simultaneously. Its security, governance and ecosystem will all be powered by the STRK token.”
StarkWare
StarkWare’s initiative to bring ZK scaling to Bitcoin comes as part of a broader strategy to address the scalability challenges facing large blockchains. With the new expansion, the Starknet developer wants to use its technology from the Ethereum network to create a “single layer that settles on both Bitcoin and Ethereum.”
The company expects to complete development of the solution within six months of the potential Bitcoin upgrade, known as OP_CAT, which aims to integrate smart contracts into the Bitcoin ecosystem.
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