Starknet will scale Bitcoin without forking or creating new token, says StarkWare

StarkWare says its plan to expand its scaling technology to the Bitcoin network will not result in the fork of Starknet or the creation of a new token.

Stark Warethe developer behind Stark Networkclarified that its main focus continues to be scaling Ethereum through the use of validity rollups and ZK Tests even despite its efforts to bring scalability solutions to the Bitcoin ecosystem.

In a post On June 7, the $8 billion blockchain developer highlighted its commitment to increasing the efficiency of scaling Ethereum in 2024, saying the company will “strive to scale Ethereum as efficiently as possible.”

“Our goal, consistent since the inception of Starknet, is to develop STARK proofs to improve the scalability and integrity of the blockchains we believe in.”

Stark Ware

As a result, Starknet aims to serve the Ethereum and Bitcoin communities without creating a new layer or token unique to Bitcoin. Instead, Starknet will act as an execution layer that simultaneously scales Bitcoin and Ethereum.

“StarkWare will not fork Starknet to create a new layer on Bitcoin or establish a unique token for the Bitcoin ecosystem. Instead, Starknet will (attempt to) act as an execution layer that scales Bitcoin and Ethereum simultaneously. Its security, governance and ecosystem will all be powered by the STRK token.”

Stark Ware

StarkWare’s initiative to bring ZK scaling to Bitcoin is part of a broader strategy to address scalability challenges facing major blockchains. With the new expansion, developer Starknet aims to leverage its Ethereum network technology to make a “single layer that sits on both Bitcoin and Ethereum.”

The company anticipate complete solution development within six months of the potential Bitcoin upgrade known as OP_CATwhich seeks to integrate smart contracts into the Bitcoin ecosystem.

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