Starknet launches strkBTC, bringing zero-knowledge privacy Bitcoin to Ethereum Layer 2

The Ethereum Layer 2 network Starknet developed by StarkWare officially launched strkBTC, a new type of asset based on Bitcoin, designed to achieve privacy balances and anonymous transfers through zero-knowledge proof (ZK) technology, while maintaining composability with DeFi applications.

After the launch of strkBTC, it supports "re-anonymization," allowing assets to be bridged back to a new, unassociated Bitcoin address, and provides compliance auditing and asset screening functions.