Source:\u00a0<\/em>Starknet<\/em><\/p>\n<\/figcaption><\/figure>\n Previously, StarkWare CEO Eli Ben Sasson, the company behind the STARK proof that contributes to the development of Starknet, said\u00a0OP_CAT, a Satoshi-era opcode for unlocking programmability on Bitcoin that was disabled over security concerns,\u00a0would allow Starknet to settle\u00a0on the Bitcoin blockchain.\u00a0<\/p>\n If successful, Starknet said the move would allow developers to build applications on the Bitcoin network through smart contracts and enable applications such as staking, borrowing, lending, leveraged trading, and yield farming.<\/p>\n As part of the announcement, StarkWare said it has joined the growing number of firms in creating a Bitcoin (BTC <\/span>$82,244) <\/span>reserve, holding a growing portion of its treasury in crypto.<\/p>\n Source:\u00a0<\/em>Ameen Soleimani<\/em><\/p>\n<\/figcaption><\/figure>\n Starknet will also team up with\u00a0Bitcoin Web3 wallet\u00a0Xverse, whose founder and CEO Ken Liao said the integration, slated for the second quarter of 2025, will achieve Bitcoin\u2019s \u201cDeFi take-off moment.\u201d<\/p>\n Xverse\u00a0said\u00a0wallets need to be more than just storage solutions; and allow easy access to Bitcoin\u2019s growing utility. Liao said in a statement that the endgame is trustless DeFi on Bitcoin.<\/p>\n Related:\u00a0<\/strong><\/em>Unknown attacker causes headaches during Pectra upgrade on Sepolia<\/strong><\/em><\/p>\n \u201cIn today\u2019s environment, there is a temptation for wallet teams to say, \u2018yeah, let\u2019s just focus on making it easier for people to use Bitcoin as a store of value,\u2019\u201d Liao said.<\/p>\n \u201cBut the long-term future of Bitcoin also includes utility, and that\u2019s why layer 2 solutions must reach the public via the wallets they actually use,\u201d he added.<\/p>\n Meanwhile, in a March 11 X space discussing Starknet\u2019s plan, Ethereum co-founder Vitalik Buterin\u00a0said\u00a0a proper Bitcoin L2 that can satisfy the needed security properties would \u201cmake crypto payments great again, and all those use cases can work.\u201d<\/p>\n Starknet on Bitcoin and Ethereum\u00a0https:\/\/t.co\/tCyQDHY7Yr<\/p>\n \u2014 StarkWare \ud83d\udc3a\ud83d\udc31 (@StarkWareLtd)\u00a0March 11, 2025<\/p><\/blockquote>\n Buterin said there is a \u201clot of value\u201d in enabling the trustless flow of assets between the Bitcoin and Ethereum ecosystems, such as easier paths for decentralized exchange.<\/p>\n \u201cIf you go back to the white paper, Bitcoin was meant to be a peer-to-peer electronic cash system, and obviously, layer 1 is not nearly scalable enough for that,\u201d Buterin said.<\/p>\n \u201cI think we\u2019ve also seen some of the limits of the Lightning Network and that kind of approach.\u201c<\/p>\n *********************************<\/p>\n If one of the paying programs on our Monitor appeals to you, please support EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n EN web Support Chat<\/strong> | Hyips and Crypto questions \u2013 HyipChatEN<\/a><\/strong><\/p>\n Telegram Chat for Crypto and Hyip reports: @HyipChatEN<\/a><\/strong><\/p>\n *********************************<\/p>\n Be the first to get most important HYIP news everyday! If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n\n
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