May 14
Starknet launches strkBTC for ZK-powered shielded Bitcoin on Layer 2
Starknet launches strkBTC, the first STRK20 wrapped Bitcoin asset with ZK-proof shielding, togglable privacy modes, and a five-party federation bridge.
➤ Starknet has launched strkBTC, a wrapped Bitcoin asset on its Layer 2 network, utilizing STRK20 framework for ZK-proof shielding and togglable privacy modes. ➤ The asset employs a five-party federation bridge for minting and burning, aiming to enhance privacy in DeFi applications like lending and staking while maintaining compliance options. ➤ strkBTC also incorporates post-quantum security measures and aims to differentiate itself from existing wrapped Bitcoin products by offering enhanced privacy features.