According to Odaily, Starknet has clarified its position regarding its expansion into Bitcoin's extension layer. The company stated that it will continue to focus on Ethereum's expansion, maintaining its original goal since its inception. This goal is to develop STARK proofs to enhance the scalability and integrity of the blockchain they believe in. Starknet has no plans to create a new layer or exclusive tokens on Bitcoin. Instead, it will attempt to expand the execution layer of both Bitcoin and Ethereum simultaneously. The security, governance, and ecosystem will all be driven by the STRK token.
Starknet's commitment to Ethereum's expansion underscores its belief in the potential of this particular blockchain. The company's focus on developing STARK proofs is aimed at enhancing the scalability and integrity of the Ethereum blockchain. This move is not intended to create a new layer or exclusive tokens on Bitcoin, but rather to expand the execution layer of both Bitcoin and Ethereum.
The company's operations, including security, governance, and ecosystem, will be driven by the STRK token. This indicates Starknet's commitment to maintaining a consistent approach in its operations and its belief in the potential of the STRK token. The company's clarification comes amid speculation about its expansion into Bitcoin's extension layer, which it has now firmly refuted.