Avalanche (avax) 
StarkWare has announced that its plan to extend its scaling technology to the Bitcoin network will not result in forking Starknet or creating a new token.
The developer behind Starknet clarified that its main focus remains on scaling Ethereum through the use of validity rollups and ZK proofs, even as it works to bring scalability solutions to the Bitcoin ecosystem.
Starknet will continue focusing on scaling Ethereum like we’ve done since launching its first Validity Rollup. We will notably continue our work in the ZK field.
In a recent announcement, the blockchain developer valued at $8 billion emphasized its commitment to enhancing the efficiency of Ethereum scaling in 2024. The firm stated, “Our goal, consistent since the initiation of Starknet, is to develop STARK proofs to enhance the scalability and integrity of blockchains that we believe in.”
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 won’t fork Starknet to create a new layer on Bitcoin or establish an exclusive token for the Bitcoin ecosystem. Instead, Starknet will act as an execution layer that scales both Bitcoin and Ethereum simultaneously. Its security, governance, and ecosystem will all be driven by the STRK token.
StarkWare’s move to bring ZK scaling to Bitcoin is part of a broader strategy to address the scalability challenges faced by major blockchains. With this new expansion, the Starknet developer aims to leverage its technology from the Ethereum network to create a “single layer that settles on both Bitcoin and Ethereum.”
The firm anticipates completing the development of this solution within six months following the potential Bitcoin upgrade known as OP_CAT, which seeks to integrate smart contracts into the Bitcoin ecosystem.
For more updates on the latest developments in the cryptocurrency world, keep exploring Global Crypto News.
