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Starknet Community Approves Bitcoin Staking Integration

Starknet Community Approves Bitcoin Staking Integration

Starknet will integrate Bitcoin staking as part of SNIP-31, with 93.6% support.

The Ethereum Layer 2 network Starknet will integrate Bitcoin staking into its ecosystem as part of SNIP-31. A resounding 93.6% of voters supported the proposal.

According to the parameters, the staking power weight of the first cryptocurrency is set at 0.25, granting it 25% influence on the overall consensus. The native token of the protocol, STRK, will have a weight of 0.75.

The network will support “wrapped” versions of digital gold—WBTC, LBTC, tBTC, and SolvBTC. The list may be expanded in the future.

“The official launch will take place in the coming weeks,” noted the project team.

Holders of “wrapped” coins will be able to delegate or stake assets on Starknet alongside STRK to participate in securing the network and earn protocol rewards according to the established parameters, which will be disclosed after the feature’s integration.

STRK showed little reaction to the news. Over the day, the coin fell by 6%, according to CoinGecko.

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15-minute chart of STRK/USDT on Binance exchange.

Meanwhile, the network leads among ZK-rollups in terms of transaction volume, second only to Linea.

Back in May, Starknet developers introduced a mobile device prover based on zero-knowledge proofs.

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