Elastos BeL2 has announced a partnership with StarkWare to integrate Starknet ZKPs and Cairo programming language with BeL2 for Native Bitcoin DeFi apps. This collaboration will enable Elastos BeL2 to deliver smart contracts and decentralized apps without the need to move Bitcoin assets off the main network. The $25,000 grant from Starknet validates the strength of BeL2 innovation and its leadership in the Native Bitcoin ecosystem.
Starknet, known for its advancements in zero-knowledge proofs (ZKP) technology, will bring added privacy and security to blockchain transactions within the BeL2 infrastructure. ZKPs allow for secure and private transaction verification without revealing sensitive information beyond the validity of the statement itself. This technology will help BeL2 integrate complex smart contracts while ensuring Bitcoin’s integrity and security.
Sasha Mitchell, Head of Bitcoin Layer 2 at Elastos, expressed excitement about the partnership with StarkWare and the opportunity to build tighter integrations with ZKP technology and the Cairo programming language. The goal is to further enhance BeL2’s capabilities in Native Bitcoin lending and to capitalize on the growing acceptance of Bitcoin as a viable alternative financial system.
By leveraging Cairo programming language, BeL2 aims to enhance Bitcoin’s capabilities and deliver secure, efficient, and scalable decentralized finance applications. The partnership with Starknet and the adoption of ZKP technology will strengthen BeL2’s technical innovations, including decentralized arbitration and the BTC Oracle for cross-chain interactions while keeping Bitcoin assets on the main infrastructure.
Elastos envisions a new financial system backed by Bitcoin, addressing global debt crises and enhancing the role of Bitcoin as a global hard currency. Through technical innovations and partnerships with leading blockchain technology providers like StarkWare, BeL2 is positioned to deliver advancements in smart contract capabilities, decentralized arbitration, and innovative financial products.
At Token 2049, BeL2 will showcase further innovations in core technologies, particularly around arbiters, to demonstrate its commitment to a more equitable and decentralized financial system anchored by Bitcoin. As Elastos continues to expand its integration with Starknet and the Cairo programming language, the platform will pave the way for a new era of decentralized finance built on the security and integrity of Bitcoin.
Elastos is a public blockchain project focused on integrating blockchain technology with platform components to create a modern Internet infrastructure that prioritizes privacy and digital asset ownership. The mission of Elastos is to provide accessible, open-source services for developers to build an internet where individuals have control over their data. The Elastos SmartWeb platform enables organizations to recalibrate how the Internet works, allowing for greater control over data and asset ownership.
