Bitcoin Wallet Xverse Integrates with Starknet for DeFi Solutions
Bitcoin programmability is advancing without changes to Bitcoin Core code. New solutions are demonstrating Bitcoin's capability for zk rollups, covenants, and DeFi ecosystems.
Xverse, a Bitcoin wallet, announced integration with Starknet, which aims to serve as Bitcoin’s execution layer. This partnership intends to enhance transaction speed while offering DeFi options like yield farming and staking without requiring protocol changes.
Key developments include:
- Bitcoin PIPEs (Polynomial Inner Product Encryption) allows zk-SNARK verification on Bitcoin without new opcodes.
- PIPEs simplify zk verification by focusing on Schnorr signature validation.
- PIPEs may replace BitVM due to their single-transaction verification method.
Starknet's ColliderScript also strives to enable covenants on Bitcoin without a fork. However, PIPEs might be more cost-effective but face feasibility concerns due to reliance on cryptographic conjectures.
Upcoming milestones include the launch of Bitcoin PIPEs v2 in April and the Xverse integration set for Q2 2025, positioning 2025 as a crucial year for Bitcoin innovation.