StarkWare CEO Eli Ben Sasson announced exciting upgrades for Starknet, the Ethereum layer 2 network, promising a four-fold increase in transaction speed and a five-fold reduction in fees within three months. These improvements stem from enhanced compilation and execution on Cairo, Starknet's smart contract language. The network aims to surpass 1000 transactions per second, rivaling Solana's performance. Currently, Starknet's fees are already low at $0.002 per transaction. Additionally, StarkWare plans to introduce the OP_CAT proposal to Bitcoin, potentially making Starknet the first layer 2 to settle on both Bitcoin and Ethereum.