StarkWare has announced its intention to extend its scaling technology to the Bitcoin network without causing a fork in Starknet or introducing a new token.
The developers at StarkWare, known for their work on Starknet, have made it clear that their main focus remains on scaling Ethereum using validity rollups and ZK proofs, even as they work on providing scalability solutions for Bitcoin.
In a recent announcement on Jun. 7, the $8 billion blockchain developer emphasized their dedication to improving Ethereum scaling by 2024, stating that they will do so in the most efficient way possible.
Starknet plans to cater to both the Ethereum and Bitcoin communities without adding a new layer or creating a separate token for Bitcoin. Instead, Starknet will function as an execution layer that scales both Bitcoin and Ethereum simultaneously.
StarkWare’s endeavor to introduce ZK scaling to Bitcoin is part of a larger strategy to tackle the scalability issues faced by major blockchains. By expanding their technology from the Ethereum network, Starknet aims to create a unified layer that works for both Bitcoin and Ethereum.
The company expects to complete the development of this solution within six months after the potential Bitcoin upgrade, OP_CAT, which aims to incorporate smart contracts into the Bitcoin ecosystem.
For more information, the Starknet Foundation has launched a $5 million grant program.