[DigitalToday reporter Chi-gyu Hwang] Ethereum layer-2 network Starknet is introducing strkBTC, which strengthens Bitcoin security, The Block reported on Feb. 26 (local time).
Starknet said strkBTC supports Bitcoin holders in operating in a DeFi environment while protecting transaction amounts and counterparty information. strkBTC is issued automatically based on verifiable Bitcoin deposits, and arbitrary intervention is blocked in the issuance process. Privacy features operate at the protocol level, requiring no external wallet or third-party application.
This allows risk-management compatibility while maintaining transaction transparency. Users can stake strkBTC to earn interest income and can also use an option to preserve private balances.
StarkWare co-founder Eli Ben-Sasson said, "Usually a trade-off is needed between performance and privacy, but strkBTC is an innovation that goes beyond that," adding, "It enables private use of Bitcoin in DeFi while preventing capital isolation."
Chi-gyu Hwang
delight@d-today.co.kr