Starknet to Unify Bitcoin and Ethereum on Layer 2 Network
- Starknet plans to be the first layer 2 network settling transactions on both Bitcoin and Ethereum.
- The initiative aims to reduce transaction fees from $2 to $0.002.
- Block confirmation times are targeted to decrease from 10 minutes to 2 seconds.
- Transaction throughput is expected to increase from seven transactions per second (TPS) to thousands.
- Full decentralization is anticipated by early 2026, removing central authority control over transactions.
Starknet’s ambitious plan seeks to integrate Bitcoin and Ethereum into a single layer, significantly enhancing DeFi opportunities by reducing costs and increasing transaction speeds. The project also aims for full decentralization by early 2026, promising a more efficient blockchain ecosystem.
Source (2.6)https://cryptobriefing.com/starknet-unite-bitcoin-ethereum/?rand=59535
