Starknet plans to use bitcoin as a settlement layer with the atherium, which is intended to add two largest blockchain on single layer 2 network.
Starknet Foundation bitcoin RoadmapPublished on 11 March, it was described how the network could score Bitcoin (BTC) for thousands of trams from its current 13 transactions per second. Although bitcoin provides deep liquidity and protection, decentralized finance development has become difficult due to its limited programability. Starknet wants to change this.
To achieve this, Starknet is emphasizing for OP_CAT, a proposed bitcoin update that will allow users to determine the status of spending for BTC and enabling zero-knowledge evidences, which are cryptographic techniques to verify the transaction without revealing individual data. This will allow a completely reliable bridge between bitcoin and Starknet.
Until OP_CAT is adopted, Starknet will use options like Bitvm, a verification method that allows bitcoin to execute smart contract logic without changing its base layer.
To support this change, the Starknet Foundation has launched the BTCFI season, which is a program focused on the expansion of cases of financial use of bitcoin. It has also participated with bitcoin wallet xverse. Xverse is insisting to integrate Bitcoin Defee in its wallet.
Meanwhile, the main technology provider of Starkware, Starkate has taken part of his treasure to bitcoin, making a strategic bitcoin reserve.
In March 11 x spaceAtherium co-founder Vitallic Butlerin supported the idea of a highly secure bitcoin layer 2 with strong security. Balnen said that it “can make the crypto payment again great.”
He said that scaling problems have slowed down the initial objective of acting as bitcoin’s peer-to-pier cash system and have the boundaries of the current solutions, such as Lightning Network.
For example, Lightning Network has faced issues with lack of liquidity, routing failures and always-online nodes, which limit its efficiency for large-scale payment.
