Starkware Leads the Charge: $1 Million Fund for Bringing Smart Contracts to Bitcoin
CryptoNewsTerminal Staff04 Jun, 2024
Starkware Leads the Charge: $1 Million Fund for Bringing Smart Contracts to Bitcoin
Starkware, the visionary behind StarkNet (STRK), has embarked on an ambitious mission with the launch of a $1 million research and development fund. Their goal: to bridge the gap between Bitcoin (BTC) and the transformative power of smart contracts, using the innovative technology of zero-knowledge (zk) proofs. This fund will fuel research into unlocking the potential of the OP_CAT opcode, a dormant feature within BTC that could unleash smart contract functionality akin to Ethereum (ETH). Starkware CEO Eli Ben-Sasson hinted at even grander ambitions, revealing plans to integrate StarkNet directly onto the Bitcoin network. Starkware's dedication to expanding the capabilities of Bitcoin aligns with the growing demand for enhanced functionality and innovation within the cryptocurrency landscape. With the potential to bring the versatility of smart contracts to BTC, Starkware's initiative marks a pivotal moment in the evolution of digital assets.
