Starknet unveils plan to unify Bitcoin and Ethereum to improve Bitcoin’s DeFi functionality

Starknet has announced its ambitious plan to become the first Layer 2 solution combining Bitcoin and Ethereum. The goal is to enhance Bitcoin’s functionality and scalability while maintaining the fundamental principles of decentralization and trustlessness.

The initiative includes the integration of the Bitcoin wallet Xverse with Starknet, allowing users to use Bitcoin assets on the platform for the first time. Additionally, the Starknet Foundation is launching “BTCFi Season,” a program designed to provide Bitcoin users with various opportunities to participate in decentralized finance (DeFi) activities.

With a focus on security and user experience, Starknet aims to serve one billion Bitcoin users and facilitate the broader adoption of Web 3 technologies across the blockchain ecosystem.

Image by Miloslav Hamřík from Pixabay