Search results for strkBTC
Crypto
Starknet launches Bitcoin privacy asset strkBTC with audit response features
Starknet has formally launched strkBTC, a Bitcoin-based asset designed to support private balances and confidential transfers. It is built to provide privacy features while maintaining compatibility with decentralised finance applications. The asset is a Bitcoin-wrapped token operated on Starknet rather than on Bitcoin’s base layer. Starknet said it uses zero-knowledge cryptography to protect balances and transaction history while still enabling responses to audits, tax reporting and legal requirements.
Crypto
How Ethereum layer2 can differentiate from layer1? Starknet\'s privacy push in focus
Competition among Ethereum layer2 networks has entered a new phase as Vitalik Buterin puts more weight on strengthening layer1. That leaves layer2 chains needing to differentiate in areas Ethereum cannot or does not pursue. A key word Buterin highlighted is privacy. Crypto media Bankless pointed to Starknet, a layer2 developed by StarkWare, and its STRK20 standard that makes ERC-20 tokens private by default through a “privacy pool.”
Crypto
Starknet introduces strkBTC to boost private Bitcoin and DeFi security
Ethereum layer-2 network Starknet is introducing strkBTC to strengthen Bitcoin security, The Block reported on Feb. 26. Starknet said the asset lets Bitcoin holders operate in DeFi while protecting transaction amounts and counterparty information. strkBTC is issued automatically against verifiable Bitcoin deposits, with arbitrary intervention blocked. Privacy functions operate at the protocol level without external wallets or third-party applications. Users can stake strkBTC for interest and use a private balance option.