So, Ethereumâs layer 2, Starknet, is trying to do something bigâlike, really big. They want to settle on Bitcoin and Ethereum to unify these two colossal blockchains. I mean, who doesnât want to play nice, right? đ¤ˇââď¸
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View Urgent ForecastThe Starknet Foundation, in their March 11 Bitcoin roadmap, claims they want Starknet to become Bitcoinâs execution layer. Theyâre talking about scaling from a measly 13 transactions per second to thousands! Itâs like going from a tricycle to a Ferrari. And letâs not forget about those gas feesâwho doesnât want to pay less? đ
They say, âMost Bitcoin today sits static in wallets and exchanges.â Well, duh! Itâs like a couch potato just sitting there, not doing anything. Theyâre constrained by the networkâs original designâlike trying to fit a square peg in a round hole. And they think Bitcoin is âdigital goldâ? Sure, but itâs more like a gold brick sitting in a vault! đŚ
Now, StarkWareâs CEO, Eli Ben Sasson, is throwing around terms like OP_CATâsounds like a cat thatâs had too much catnip, right? This Satoshi-era opcode was disabled for security reasons, but if they get it working, Starknet could actually settle on the Bitcoin blockchain. Imagine that! Itâs like finding a long-lost sock in the dryer. đ§Ś
If they pull this off, developers could build applications on Bitcoin through smart contracts. Weâre talking staking, borrowing, lending, leveraged trading, and yield farming. Itâs like a buffet of financial options! đ˝ď¸
StarkWare is also joining the trend of creating a Bitcoin reserve. Theyâre holding a growing portion of their treasury in crypto. I mean, who wouldnât want to dive into the crypto pool? Just watch out for the sharks! đŚ
And here comes Xverse, the Bitcoin Web3 wallet. Their CEO, Ken Liao, claims this integration will achieve Bitcoinâs âDeFi take-off moment.â Sounds fancy, right? But letâs be real, wallets need to do more than just sit there like a lump. They need to give easy access to Bitcoinâs growing utility. Itâs like saying, âHey, donât just store your money, use it!â đ¸
In a recent chat, Ethereum co-founder Vitalik Buterin said a proper Bitcoin L2 could âmake crypto payments great again.â I mean, who doesnât want that? But letâs not kid ourselves; weâve seen the limits of the Lightning Network. Itâs like trying to use a flip phone in a smartphone world. đą
Starknet on Bitcoin and Ethereum
â StarkWare đşđą (@StarkWareLtd) March 11, 2025
Buterin also mentioned the âlot of valueâ in enabling the trustless flow of assets between Bitcoin and Ethereum. Itâs like opening the floodgates for decentralized exchange. Just donât drown in the process! đ
So, there you have it. Starknet is trying to shake things up. Will they succeed? Who knows! But itâs certainly going to be a wild ride. Buckle up! đ˘
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2025-03-12 06:11