Ethereum Layer 2 Starknet lays the foundation for setting off on Bitcoin and Ethereum, integrating two largest blockchains in a single layer.
The Starknet Foundation said on its Bitcoin Roadmap on March 11th that StarkNet aims to become a Bitcoin execution layer.
“Most Bitcoin today sits statically in wallets and exchanges that are constrained by the limitations of the original design of the network. The lack of scalability and the inability to natively support applications beyond simple buying and selling, transfers,” the foundation states.
Although some investors view Bitcoin as “digital gold,” he added that they believe there is “demand for more than that.”
Source: starknet
Previously, Starkware CEO Eli Ben Sasson, who is behind Stark’s evidence that it contributes to Starknet’s development, said OP_CAT, a Satoshi-era Opcode to unlock the programmatic nature of Bitcoin that has become more void than security concerns, will allow StarkNet to settle into a bitcoin clog.
If successful, StarkNet said developers could build applications on the Bitcoin network through smart contracts and enable applications such as staking, borrowing, lending, leveraged trading, and agricultural harvesting.
As part of the announcement, Starkware said it took part in the growing number of companies in creating a Bitcoin (BTC) reserve that holds an increasing portion of the Treasury Department in Crypto.
Source: Ameen Soleimani
Starknet will partner with Bitcoin Web3 Wallet Vicvers. BitcoinWeb3Wallet Verse said founder and CEO Ken Liao will achieve Bitcoin’s “Defi Atecoff Moment” by its planned integration in the second quarter of 2025.
Vicverse said wallets need to be more than just a storage solution. It also provides easy access to Bitcoin’s growing utilities. In a statement, Liao said Endgame is an unreliable defi for Bitcoin.
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“In today’s environment, there’s a temptation for the wallet team to say, ‘Yeah, let’s focus on making Bitcoin easier to use as a valuable store,” Riao said.
“But the long-term future of Bitcoin also includes utilities. That’s why Layer 2 solutions must be made public through the wallets they are using,” he added.
Meanwhile, on Xspace March 11, discussing Starknet’s plans, Ethereum co-founder Vitalik Buterin said that the right Bitcoin L2, which can meet the required security properties, “again, it will increase crypto payments and all those use cases could work.”
Bitcoin and Ethereum starknet https://t.co/tcyqdhy7yr
– starkware🐺🐱 (@starkwareltd) March 11, 2025
Buterin said there is “many value” in enabling an unreliable flow of assets between the Bitcoin and Ethereum ecosystem, including a simpler path for decentralized exchanges.
“Back to the white paper, Bitcoin was meant to be a peer-to-peer electronic cash system. Obviously, Layer 1 is not scalable enough for that,” Budderin said.
“I think we’ve also seen the limitations of the Lightning network and that approach.”
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