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Most significant outcome of StarkWare's ZK-STARK initiative by June 4, 2024
5
Resolution / Starting Odds
Increased Bitcoin scalability • 25%
Increased Ethereum scalability • 25%
Enhanced interoperability between Bitcoin and Ethereum • 25%
Research advancements • 25%
Official updates from StarkWare, press releases, or independent analysis from blockchain experts
Story
StarkWare to Scale Bitcoin and Ethereum with $1M ZK-STARK Initiative in Six Months
Jun 4, 2024, 01:50 PM
StarkWare, the developer behind Starknet, has announced a significant initiative to scale Bitcoin using Zero-Knowledge Proofs (ZK-STARKs). This move will make Starknet the first network to settle simultaneously on both Bitcoin and Ethereum. The initiative includes a $1 million grant fund to support research into Bitcoin's OP_CAT proposal. Starknet aims to enhance Bitcoin's scalability, addressing one of its major challenges by increasing transaction throughput to thousands per second. Eli Ben-Sasson, who first introduced the concept at a 2013 Bitcoin conference, leads this effort. The integration is expected to be completed within six months, marking a pivotal moment in blockchain technology, potentially unifying the two largest cryptocurrencies and promoting financial autonomy.
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Partnership with major financial institution • 33%
Successful scaling test results • 33%
Grant fund fully allocated • 33%
StarkWare • 33%
Ethereum Foundation • 33%
Other • 33%
Increase in investment • 25%
Stable investment levels • 25%
Decrease in investment • 25%
Significant new partnerships • 25%
Uniswap • 20%
Aave • 20%
Compound • 20%
MakerDAO • 20%
Other • 20%
Significantly reduced • 33%
Moderately reduced • 33%
No significant change • 34%
Significantly improves performance • 25%
Moderately improves performance • 25%
No impact on performance • 25%
Degrades performance • 25%
Aligned Layer • 25%
Other Layer 2 Solutions • 25%
Ethereum 2.0 Upgrades • 25%
External Innovations • 25%