🚀 StarkWare, the blockchain software giant, has launched Catnet, the first phase of its Bitcoin scaling plan. Catnet is a custom Bitcoin signet that tests StarkWare’s Bitcoin Circle STARK Verifier, enabling users to create wallets, claim test Bitcoins, and develop Bitcoin scripts. 🎉

The company also announced a $1 million OP_CAT security fund to boost research efforts for Bitcoin developers. OP_CAT is a Bitcoin feature that enhances the blockchain’s scripting capabilities, simplifying transactions and enabling more complex smart contracts.

StarkWare aims to become the first network to process transactions for Bitcoin and Ethereum simultaneously, potentially achieving thousands of transactions per second. Despite concerns from the Starknet community, the company clarified it will function as a unifying layer between the two blockchain ecosystems.

What are your thoughts on StarkWare's scaling plans? Share in the comments below! 💬