kbtc

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.

The Ethereum Layer 2 network Starknet, developed by StarkWare, announced the launch of a new type of asset based on Bitcoin, strkBTC, which supports balance shielding and private transfers while maintaining full composability in decentralized finance applications.It is reported that strkBTC allows Bitcoin holders to interact on Starknet DeFi while keeping transaction amounts and counterparties private. The system will deterministically issue strkBTC based on verifiable Bitcoin deposits, avoiding arbitrary control during the issuance process.

According to the official blog, Starknet has announced the launch of a new type of wrapped asset, strkBTC, aimed at providing optional privacy protection features for Bitcoin. strkBTC is an asset issued on Starknet that can be exchanged bi-directionally for native Bitcoin, designed to address the financial privacy leakage issues caused by the transparency of the Bitcoin ledger.strkBTC supports two modes: in "non-shielded mode," it operates as a standard ERC-20 token, with balances and transfers publicly verifiable; in "shielded mode," asset balances and transaction details will be hidden. This privacy mechanism is designed based on pragmatism, defaulting to confidentiality for the public, but supporting compliance audits through a Viewing Key to ensure it can operate in regulated environments. With strkBTC, users can participate in DeFi collateralization or settlement without exposing their positions and strategies. Starknet states that strkBTC will be officially launched soon and will gradually expand its privacy features in the future.

ChainCatcher message, according to official disclosure, this event includes three major profit segments:BTC Bridge Minting zkBTC: Users can mint $zkBTC (1:1 pegged to BTC) through cross-chain BTC, earning cross-chain rewards and dual incentives from weekly manual airdrops. OG users can also unlock exclusive reward bonuses;Uniswap Liquidity Mining: Stake zkBTC/USDT trading pair LP NFT to continuously earn liquidity rewards, with support for claiming at any time;Morpho Lending Market: Users can lend USDT to earn APR and $L2T token rewards; users can also borrow USDT by collateralizing $zkBTC to explore more potential on-chain opportunities, and additionally receive $L2T token rewards.The official statement indicates that this incentive program will be an important step in unlocking the potential value of Bitcoin in the multi-chain DeFi ecosystem. Through these three profit segments, it provides users with flexible, transparent, and sustainable earning methods, while further enhancing the liquidity and ecological vitality of $zkBTC.

ChainCatcher message, the zkBTC Bridge built on ZKP for Bitcoin cross-chain has announced that the mainnet is now live and has been officially deployed to the mainnet.The protocol aims to provide core infrastructure for the liquidity of Bitcoin assets. The zkBTC Bridge innovatively uses ZKP technology to construct a fully decentralized, native framework for Bitcoin assets. Its core goal is to significantly enhance the liquidity depth of Bitcoin assets and efficiently unleash the potential of Bitcoin.The launch of the mainnet marks a strategic step for the zkBTC ecosystem in building the foundation for Bitcoin cross-chain and promoting the large-scale application of Bitcoin liquidity.

ChainCatcher news, zkBTC Bridge announced its audit results on social media platforms, officially declaring that it has successfully completed a security audit. This round of auditing was jointly conducted by the internationally renowned blockchain security firms BEOSIN and LeastAuthority, covering the integrity of the contract code, logical security, and resistance to attacks. The results show that zkBTC Bridge has successfully passed all review items, highlighting its security and stability.As an important bridge connecting the Bitcoin and Ethereum ecosystems, zkBTC utilizes native Bitcoin assets combined with zero-knowledge proofs, continuously promoting the development of the Bitcoin ecosystem as a key infrastructure, thereby building a native Bitcoin Layer 2 network.

ChainCatcher news, according to The Block, cryptocurrency exchange Kraken has launched Kraken Desktop, a fully customizable desktop trading application designed for active traders. Inspired by the popular Cryptowatch tool that was discontinued last year, Kraken Desktop aims to provide a more efficient trading experience through proprietary charts and technical analysis tools.Kraken stated that Kraken Desktop officially launched after a successful private beta test, offering full access to all spot and futures markets, along with various new tools to enhance trading functionality and performance. The application is developed using the Rust technology stack, supports low-latency trading, and offers advanced features such as ladder trading and automated orders.In addition, Kraken recently launched kBTC (its wrapped Bitcoin on Ethereum and OP Mainnet) and plans to introduce the OP Stack-based Ethereum Layer 2 solution Ink in early 2025.

ChainCatcher news, according to official sources, the cryptocurrency exchange Kraken has launched Kraken Wrapped Bitcoin (kBTC), aimed at unlocking the potential of Bitcoin in the network.It is reported that kBTC is a fully backed, cross-network compatible ERC-20 token, with each kBTC token fully backed by an equivalent amount of Bitcoin at a 1:1 ratio, and securely held by Kraken.

ChainCatcher news, Lightec founder Weji delivered a speech titled "Building a Fully Decentralized Crypto World" at the Web3 Ecosystem Consensus Conference during Blockchain International Week.In the speech, Weji introduced the concept of full lifecycle decentralization and elaborated in detail on various aspects such as product design, technology development, economic models and revenue distribution, as well as operations and governance, using Lightec's flagship product zkBTC as an example.At the same time, Weji revealed that zkBTC will drive large-scale airdrops, which, based on ICP Chain Fusion technology, can support airdrop actions for hundreds of thousands of users.

ChainCatcher news, according to CoinDesk, the non-custodial Bitcoin token ckBTC based on ICP will be integrated into the Cosmos ecosystem through Osmosis.Osmosis is collaborating with the Omnity Network established by ICP to provide services for bridging non-custodial BTC to Cosmos. ckBTC is a Bitcoin token that is pegged to the value of BTC at a 1:1 ratio.

ChainCatcher message, the Bitcoin ecosystem project zkBTC Bridge Beta V2 has officially launched. This version introduces the "Proof of Mining" feature, optimizes the submission process for ZKP proofs, and significantly reduces users' cross-chain costs and time costs. Any user can submit ZKP proofs and receive miner incentives, further enhancing the system's transparency, thus building a truly decentralized cross-chain bridge.As an important infrastructure in the Bitcoin ecosystem, zkBTC Bridge will greatly unleash the potential value of Bitcoin, address its liquidity challenges, and usher in a new era of Bitcoin as a foundational asset across all chains.

ChainCatcher news, the Bitcoin Layer2 project zkBTC Bridge under Lightec Labs has received grant funding support from the ICP Foundation. It is reported that zkBTC Bridge aims to utilize Zero-Knowledge Proof (ZKP) technology to build a decentralized bridge between Bitcoin and Ethereum. With this grant funding support, zkBTC will further advance its development work, committed to providing users with secure and efficient cross-chain solutions, and promoting the development of the Bitcoin Layer2 ecosystem.

ChainCatcher news, according to official sources, the zkBTC Bridge testnet is now officially live, and a testnet incentive program has been launched to enhance user engagement and interaction.It is reported that this testnet allows users to experience true decentralized cross-chain interactions and seamless trading in a secure and efficient environment. Users can earn points by participating in testnet interactions and explore more ecological applications in the future.In addition, the team is actively developing OPZKP, which utilizes zero-knowledge proofs and OP_ZKP opcode upgrades to improve the efficiency and scalability of Bitcoin, thereby empowering the Bitcoin ecosystem. OPZKP is dedicated to building a native Bitcoin second-layer security protocol.