TechFlow reports, according to official news from the Starknet Foundation, that the technical team of Bitcoin settlement network Chakra Network has signed a strategic cooperation agreement with Starknet to jointly advance the development of Bitcoin infrastructure.
It is reported that Chakra’s ZK-STARKs-based proofs can trustlessly synchronize and settle Bitcoin states, bringing Bitcoin liquidity to the Starknet mainnet and enabling asset settlement across various protocols in the ecosystem. Chakra has already launched its first-stage testnet based on Babylon, securing economic safety for the future settlement layer.
In addition, the Chakra technical team will also support Starknet in implementing parallelization and advancing the development of its shared sequencer.
Earlier today, StarkWare announced a $1 million fund, expressing its belief that OP_CAT is the safest path for Bitcoin scaling.
