Starknet launches strkBTC, supporting Bitcoin privacy transactions and asset shielding

robot
Abstract generation in progress

CoinWorld.net reports on February 26 that, according to the official blog, Starknet has announced the launch of a new wrapped asset called strkBTC, designed to provide optional privacy features for Bitcoin. strkBTC is an asset issued on Starknet that can be exchanged bidirectionally with native Bitcoin, aiming to address privacy concerns caused by Bitcoin’s transparent ledger.

strkBTC supports two modes: in “non-shielded mode,” it functions as a standard ERC-20 token with publicly visible balances and transfers; in “shielded mode,” the asset balance and transaction details are hidden. This privacy mechanism is designed for practicality, defaulting to confidentiality for the public but allowing compliance audits via Viewing Keys, ensuring it can operate in regulated environments.

With strkBTC, users can participate in DeFi staking or settlement without exposing their positions or strategies. Starknet states that strkBTC will be officially launched soon and will gradually expand its privacy features in the future.

BTC-1.31%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский язык
  • Français
  • Deutsch
  • Português (Portugal)
  • ภาษาไทย
  • Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)