Bitcoin Staking Introduced on Ethereum Layer-2 Starknet with STRK Rewards

Starknet, an Ethereum layer-2 scaling solution, has unveiled a novel Bitcoin staking mechanism. This functionality enables users to earn incentives by committing their Bitcoin assets to the Starknet ecosystem. Participants are rewarded with STRK tokens, the native token of the Starknet network, motivating participation and ecosystem growth. This development signifies a notable advancement in Bitcoin integration across different blockchains, expanding its potential use cases and providing novel ways for users to engage with their digital holdings. The new feature is anticipated to attract further liquidity to Starknet, bolstering its position as a frontrunner in Ethereum scaling solutions.