chakra

ChainCatcher news, according to the official announcement from the Starknet Foundation, the technical team of the Bitcoin settlement network Chakra Network has signed a strategic cooperation agreement with Starknet to jointly promote the development of Bitcoin infrastructure.Chakra's proof based on ZK-Starks can trustlessly synchronize and settle Bitcoin states, introducing Bitcoin liquidity to the Starknet mainnet and supporting asset settlement for various protocols in the ecosystem. The first phase of the testnet has been launched based on Babylon to ensure the economic security of the future settlement layer. Meanwhile, the Chakra technical team will also assist Starknet in implementing parallelization and promote the development of its shared sequencer.

ChainCatcher news, according to official sources, the Bitcoin re-staking protocol Chakra has reached a strategic partnership with Babylon, aiming to co-build a more secure and reliable Bitcoin liquidity ecosystem.It is reported that Chakra aims to address the challenges of liquidity and interoperability in the BTC network, efficiently and securely mapping BTC staked through Babylon to any ecosystem based on ZK-STARK proof of stake and ZK light clients, empowering numerous BTC Layer 2 and decentralized applications (DApps).At the same time, the upcoming decentralized Bitcoin settlement network from Chakra not only allows stakers to share multi-layer validation rewards but also further ensures and enhances the security of the PoS consensus.

ChainCatcher news, the Bitcoin re-staking protocol Chakra based on zero-knowledge technology announced the completion of a new round of financing on platform X, with participation from StarkWare, Bixin Ventures, Cogitent Ventures, Trustless Labs, among others. Specific amounts and valuation information have not yet been disclosed.According to the Web3 asset data platform RootData, Chakra is a Bitcoin re-staking protocol based on ZK proofs. It utilizes STARK to prove staking events on Bitcoin and verify proofs on the second-layer chain.

ChainCatcher message, the BTC ecological project Chakra, led by the Web3MQ team, will launch the first high-performance BTC L2 using a parallelization engine, providing shared security and re-staking services for more BTC L2 chains.It is reported that Starknet will introduce parallelization features in the next upgrade. The key to this upgrade is adding Block STM (the parallel execution engine adopted by Aptos) to the sequencer, with the network's TPS expected to increase by 3-10 times.The Web3MQ team GitHub link shows that the work of introducing Block STM into the Starknet blockchain open-source stack Madara has been fully completed by them, including solution design and engineering implementation.