- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Starknet launches strkBTC, supporting Bitcoin privacy transactions and asset shielding
According to the official blog, Starknet has announced the launch of a new type of wrapped asset, strkBTC, aimed at providing optional privacy protection features for Bitcoin. strkBTC is an asset issued on Starknet that can be exchanged bi-directionally for native Bitcoin, designed to address the financial privacy leakage issues caused by the transparency of the Bitcoin ledger.
strkBTC supports two modes: in "non-shielded mode," it operates as a standard ERC-20 token, with balances and transfers publicly verifiable; in "shielded mode," asset balances and transaction details will be hidden. This privacy mechanism is designed based on pragmatism, defaulting to confidentiality for the public, but supporting compliance audits through a Viewing Key to ensure it can operate in regulated environments. With strkBTC, users can participate in DeFi collateralization or settlement without exposing their positions and strategies. Starknet states that strkBTC will be officially launched soon and will gradually expand its privacy features in the future.
You may also like
Morning Report | Strategy increased its holdings by 3,015 bitcoins last week; BitMine increased its holdings by 50,928 ETH last week; Vitalik elaborated on the Ethereum execution layer roadmap
Why is it said that there are structural opportunities in encrypted AI?
Make Probability an Asset: A Forward-Looking Perspective on Predictive Market Agents
Consumer application issues
Arthur Hayes: The flames of war in the Middle East rise, Bitcoin is bullish
Legendary investor Naval: In the AI era, traditional software engineers have no value?
More absurd than knowing about the war in advance is knowing in advance about the assassination of Soleimani
Key Market Insights on March 2nd, how much did you miss?
How to systematically track high-performing addresses on Polymarket?
From Stanford Lab to Silicon Valley Streets: How OpenMind is Solving the "Last Mile" Problem of the Machine Economy?
PlanX: Reconstructing On-Chain Execution with AI, Moving Towards a New Paradigm
US Judge Allows Binance Unregistered Token Lawsuit to Advance
Key Takeaways: A federal judge in Manhattan dismissed Binance’s petition to resolve a securities lawsuit through private arbitration,…
Crypto VC Paradigm Plans $1.5 Billion Expansion into AI and Robotics
Key Takeaways: Paradigm is setting up a new $1.5 billion fund to explore AI, robotics, and other emerging…
Ethereum Smart Accounts Set to Launch Within a Year, According to Vitalik Buterin
Key Takeaways: Ethereum’s “account abstraction” or smart accounts might be introduced in the coming year through the Hegota…
Bitcoin Recovers After Iran Conflict Shocks Market, Reverses $5K Fall in Just 24 Hours
Key Takeaways: Bitcoin dropped to approximately $63,000 amid tensions but rebounded to $68,200 within a day. Volatility led…
Former Mt. Gox CEO Suggests Hardfork to Retrieve $5.2 Billion in Bitcoin
Key Takeaways: Mark Karpelès, former CEO of Mt. Gox, proposes a Bitcoin network hard fork to access nearly…
South Korea National Tax Service’s Mistake Resulted in $4.8 Million Crypto Loss
Key Takeaways South Korea’s National Tax Service inadvertently exposed private keys, resulting in a $4.8 million crypto loss.…
Morgan Stanley Seeks National Trust Charter for Cryptocurrency Custody
Key Takeaways: Morgan Stanley has initiated a significant step toward digital asset management by applying for a national…
App