Elastos’ BeL2 Secures Starknet Grant to Advance Native Bitcoin Lending and DeFi Solutions

Elastos’ BeL2 Secures Starknet Grant to Advance Native Bitcoin Lending and DeFi Solutions

Starknet, developed by StarkWare, is renowned for its advances in ZKP technology, which enhance the privacy and security of blockchain transactions. ZKPs allow one party to prove to another that a statement is true without revealing any information beyond the validity of the statement itself. This technology is fundamental to scaling blockchain networks, which will enhance BeL2’s ability to integrate complex smart contracts while maintaining Bitcoin’s integrity and security.

As the integration with Starknet and the Cairo programming language expands, BeL2 will deliver further advancements in smart contract capabilities, decentralized arbitration, and innovative financial products. At Token 2049, BeL2 will demonstrate further innovations in its core technologies, particularly around arbiters, which will underline the Elastos vision to deliver a more equitable, decentralized financial system anchored by Bitcoin.

About Elastos

Elastos is a public blockchain project that integrates blockchain technology with a suite of reimagined platform components to produce a modern Internet infrastructure that provides intrinsic protection for privacy and digital asset ownership. The mission is to build accessible, open-source services for the world, so developers can build an internet where individuals own and control their data.

The Elastos SmartWeb platform enables organizations to recalibrate how the Internet works for them to better control their own data.

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https://www.linkedin.com/company/elastosinfo/

ContactPR LeadRoger DarashahElastos[email protected]

This article was originally published on Chainwire

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