StarkWare, a blockchain developer, has announced its plans to bring its zero-knowledge proof technology to Bitcoin, with the goal of scaling the network alongside Ethereum.
This ambitious project aims to simultaneously process Bitcoin and Ethereum, enabling thousands of transactions per second. StarkWare‘s CEO, Eli Ben-Sasson, believes that scaling Bitcoin is crucial for the future of blockchain.
A new era for Bitcoin thanks to StarkWare?
StarkWare’s plan is built upon the OP_CAT proposal, which would simplify and expand Bitcoin’s functionalities.
This proposal would allow for more practical and secure decentralized protocols, facilitating the development of sophisticated applications directly on the Bitcoin blockchain. The company is committed to publicly advocating for OP_CAT, demonstrating its potential and the benefits for the blockchain community.
Concerns and the future of the blockchain
The Bitcoin community is divided on the OP_CAT proposal, with some preferring other smart contract proposals that could offer alternative solutions for scaling the network. Ben-Sasson acknowledges that concerns and questions about the proposal are legitimate but emphasizes the importance of addressing them through internal research.
StarkWare’s plan is to create a future where both chains, Ethereum and Bitcoin, are usable by everyone, constantly. Ben-Sasson highlights that StarkWare is committed to supporting Bitcoin projects, including ZeroSync, which is working on integrating zero-knowledge proofs with Bitcoin for a similar purpose.
StarkWare is currently working on the solution, with the goal of having a ‘ready to launch’ plan to deploy STARK on Bitcoin if OP_CAT is approved. The company is also exploring other solutions to achieve STARK evolution without relying on OP_CAT.
