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Market
Primary blockchain network benefiting from StarkWare's ZK-STARK initiative by June 4, 2024
5
Resolution / Starting Odds
Bitcoin • 33%
Ethereum • 33%
Both Equally • 34%
Official performance metrics and usage statistics from StarkWare or independent blockchain analysis platforms
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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StarkWare • 33%
Ethereum Foundation • 33%
Other • 33%
Partnership with major financial institution • 33%
Successful scaling test results • 33%
Grant fund fully allocated • 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%
Yes • 50%
No • 50%
Significantly reduced • 33%
Moderately reduced • 33%
No significant change • 34%
Sui Network • 25%
Solana • 25%
Ethereum • 25%
Bitcoin • 25%