Starknet has announced the launch of strkBTC, a privacy-enabled Bitcoin asset on the Starknet network. Users can convert BTC to strkBTC in their wallets and use the “shield” feature to hide portions of their balance and transaction history, with the ability to “unshield” and restore public balances at any time. This functionality is built on Starknet’s STRK20 privacy framework, which provides protocol-level privacy for any ERC-20 asset. The project emphasizes that strkBTC offers “auditable privacy”: when enabling privacy, users share a viewing key with an independent third-party auditor to provide limited on-chain activity data as required by compliance regulations.
Starknet Launches Privacy-Enhanced strkBTC on Its Network
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Summary
Starknet introduces strkBTC, a privacy-enhanced Bitcoin token, as part of its network upgrade. Users can convert BTC to strkBTC and use the shield feature to conceal balances and transactions. The unshield function enables reverting to public balances. Built on the STRK20 framework, strkBTC supports on-chain transactions with auditable privacy. Users can share viewing keys with auditors to ensure compliance.
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