So, Ethereum‘s layer 2, Starknet, is trying to do something big—like, really big. They want to settle on Bitcoin and Ethereum to unify these two colossal blockchains. I mean, who doesn’t want to play nice, right? 🤷♂️
The Starknet Foundation, in their March 11 Bitcoin roadmap, claims they want Starknet to become Bitcoin’s execution layer. They’re talking about scaling from a measly 13 transactions per second to thousands! It’s like going from a tricycle to a Ferrari. And let’s not forget about those gas fees—who doesn’t want to pay less? 🙄
They say, “Most Bitcoin today sits static in wallets and exchanges.” Well, duh! It’s like a couch potato just sitting there, not doing anything. They’re constrained by the network’s original design—like trying to fit a square peg in a round hole. And they think Bitcoin is “digital gold”? Sure, but it’s more like a gold brick sitting in a vault! 🏦
Now, StarkWare’s CEO, Eli Ben Sasson, is throwing around terms like OP_CAT—sounds like a cat that’s 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! It’s like finding a long-lost sock in the dryer. 🧦
If they pull this off, developers could build applications on Bitcoin through smart contracts. We’re talking staking, borrowing, lending, leveraged trading, and yield farming. It’s like a buffet of financial options! 🍽️
StarkWare is also joining the trend of creating a Bitcoin reserve. They’re holding a growing portion of their treasury in crypto. I mean, who wouldn’t want to dive into the crypto pool? Just watch out for the sharks! 🦈
And here comes Xverse, the Bitcoin Web3 wallet. Their CEO, Ken Liao, claims this integration will achieve Bitcoin’s “DeFi take-off moment.” Sounds fancy, right? But let’s be real, wallets need to do more than just sit there like a lump. They need to give easy access to Bitcoin’s growing utility. It’s like saying, “Hey, don’t just store your money, use it!” 💸
In a recent chat, Ethereum co-founder Vitalik Buterin said a proper Bitcoin L2 could “make crypto payments great again.” I mean, who doesn’t want that? But let’s not kid ourselves; we’ve seen the limits of the Lightning Network. It’s like trying to use a flip phone in a smartphone world. 📱
Starknet on Bitcoin and Ethereum
— StarkWare 🐺🐱 (@StarkWareLtd) March 11, 2025
Buterin also mentioned the “lot of value” in enabling the trustless flow of assets between Bitcoin and Ethereum. It’s like opening the floodgates for decentralized exchange. Just don’t drown in the process! 🌊
So, there you have it. Starknet is trying to shake things up. Will they succeed? Who knows! But it’s certainly going to be a wild ride. Buckle up! 🎢
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2025-03-12 06:11