The post Starknet To Introduce Bitcoin Scaling With Other Objectives In 2024 appeared on BitcoinEthereumNews.com.

Starknet is a permissionless decentralized Validity-Rollup referred to as ZK-Rollup. It has recently shared its roadmap for 2024. The highlight of the roadmap that caught viewers’ attention is Starknet’s introduction to scaling over Bitcoin. The team further clarified its idea on the scaling of Bitcoin and how it would be comparable to Starknet’s existing scaling over Ethereum. Bitcoin scaling is in line with its objective since the establishment of Starknet, which is to develop STARK proofs to enhance the scalability and integrity of blockchains. How Will Scaling be Implemented on Bitcoin? Ethereum and Bitcoin are considered to be the most decentralized and secured chains, representing the ethos of blockchain and cryptocurrencies. These set the benchmark for other cryptocurrencies. Starknet conveys that all the innovations that they will be executing will depend on OP_CAT, which will equally benefit the Ethereum ecosystem and the Bitcoin community.  Starknet aims to become the unifying layer between the two most important crypto ecosystems. Thus, it will not create a new layer on Bitcoin or an exclusive token for the Bitcoin ecosystem. Rather, Starknet will try to act as an execution layer that scales both Bitcoin and Ethereum simultaneously. STRK token will drive its security, governance and the ecosystem. Targets of 2024 Roadmap The 2024 Roadmap highlighted two targets, apart from Bitcoin scaling, that Starknet wants to achieve by the end of the year. – To become the L2 with the Highest TPS Capacity Starknet will utilize Transaction parallelization and Cairo Native to process transactions and create blocks.  The transaction level parallelization will allow the sequencer to process multiple transactions simultaneously and in continuity. The principle behind transaction parallelization is simple – manage all the unrelated transactions at the same time rather than managing them in a sequence. It will facilitate Starknet sequencer to handle larger…

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Filed under: News - @ June 7, 2024 11:14 pm