StarkWare is taking three steps to scale Bitcoin:

•Proposing a new design for Starknet, a decentralized Layer 2, to settle on both Ethereum and Bitcoin simultaneously.

•Launching a $1 million fund to support research and development on OP_CAT, a feature that enables trustless rollups on Bitcoin.

•Publicly supporting the OP_CAT Bitcoin soft fork, which allows recursive covenants to manage and update their state autonomously.

StarkWare believes that STARKs and Starknet are well-suited to achieve this Bitcoin scaling, as STARKs can provide the necessary cryptographic proofs and Starknet can become a single Layer 2 that scales both Ethereum and Bitcoin.

#StarkWare #StarkWareFoundation $BTC #OPCAT #StarknetUpdate $STRK