3 months ago
StarkWare has established a Strategic Bitcoin Reserve, committing to holding a increasing stock of its treasury successful BTC arsenic portion of its broader propulsion to integrate the flagship crypto into its Starknet Layer 2 network.
While it has not disclosed the size of its holdings, CEO Eli Ben-Sasson said the institution is starring by example, believing that each blockchain firms volition yet clasp Bitcoin.
The blockchain firm, past valued astatine $8 billion, has precocious focused progressively connected Bitcoin probe and development.
The determination places StarkWare alongside different crypto firms that person adopted Bitcoin arsenic a treasury asset. It besides follows President Donald Trump’s enforcement bid to found a US Strategic Bitcoin Reserve.
Integrating Bitcoin
As portion of its broader Bitcoin strategy, StarkWare is integrating Xverse, a Bitcoin wallet that supports Ordinals and Runes, into Starknet. This volition let Bitcoin assets to beryllium utilized wrong the Layer 2 web for the archetypal time.
The institution is besides launching BTCFi Season, an inaugural by the Starknet Foundation to present Bitcoin holders to DeFi applications specified arsenic lending and output farming.
Additionally, the Braavos wallet present supports Lightning Network payments, enabling faster and much cost-effective Bitcoin transactions wrong Starknet.
These developments enactment StarkWare’s broader imaginativeness of making Starknet a cardinal execution furniture for Bitcoin, addressing its scalability challenges. The institution argued that portion Bitcoin is wide seen arsenic integer gold, constricted transaction velocity and precocious fees person constrained its broader use.
Bridging Bitcoin and Ethereum
StarkWare is besides advocating for OP_CAT, a projected Bitcoin brushed fork that could alteration trustless Bitcoin-to-Starknet bridges by allowing precocious scripting and programmable transactions.
The proposal, primitively portion of Bitcoin’s aboriginal design, remains a taxable of statement wrong the assemblage owed to information considerations.
In the meantime, StarkWare is exploring alternate span models, including a federated multisig strategy that relies connected a radical of co-signers to unafraid Bitcoin and a BitVM-based solution that minimizes spot by utilizing cryptographic dispute-resolution mechanisms.
StarkWare sees these innovations arsenic portion of a larger effort to marque Bitcoin much than conscionable a store of value, unlocking caller fiscal applications portion maintaining information and decentralization.
With further Bitcoin integrations, partnerships, and incentives expected successful the coming months, StarkWare aims to presumption Starknet arsenic a span betwixt Bitcoin and Ethereum, enabling greater liquidity and idiosyncratic adoption crossed some ecosystems.
The station StarkWare bolsters Bitcoin strategy with caller strategical reserve and L2 integration appeared archetypal connected CryptoSlate.
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