Elastos BeL2 partners with Starkware to advance Native Bitcoin lending and DeFi solutions.
From Investing.com
July 29, 2024 2:30:37 pm:
Elastos BeL2 partners with StarkWare to integrate Starknet ZKPs and Cairo programming language, securing a $25,000 grant. This allows BeL2 to deliver smart contracts and dapps without moving Bitcoin assets off the mainnet. The partnership validates BeL2’s innovation and leadership in the Native Bitcoin DeFi ecosystem.
Starknet, developed by StarkWare, is known for its advancements in ZKP technology, enhancing privacy and security in blockchain transactions. ZKPs prove statements true without revealing unnecessary information, crucial for scaling blockchain networks and maintaining Bitcoin’s integrity.
Elastos BeL2 celebrates the Starknet grant and partnership, aiming to build tighter integrations with ZKP technology and Cairo programming language. This milestone underscores BeL2’s maturity and core technology capabilities, advancing Native Bitcoin lending innovation and strengthening its leading technical innovations.
Elastos aims to build a new financial system with BeL2, integrating ZKPs for secure transaction verification, decentralized arbitration for fairness in DeFi, and BTC Oracle for cross-chain interactions. This system, supported by Bitcoin’s integrity, will address global debt crises and establish Bitcoin as a stable global hard currency.
BeL2’s partnership with Starknet and Cairo programming language will lead to further advancements in smart contract capabilities, decentralized arbitration, and innovative financial products. The demonstration of core technologies at Token 2049 will highlight Elastos’ vision to establish a fairer, decentralized financial system anchored by Bitcoin.
Read more at Investing.com: Elastos’ BeL2 Secures Starknet Grant to Advance Native Bitcoin Lending and DeFi Solutions By Chainwire