Very few people understand the challenge of creating privacy that also allows composability. STRK20 is basically a privacy layer. This design is what allows users to do full DeFi operations instead of just single actions (e.g. transfers).

Last week, Starknet communities around the world gathered to watch strkBTC go live. Drinks, food, good vibes, and a lot of excited people who get why strkBTC marks the next step for Bitcoin on Starknet: private, productive, and built for DeFi. Private Bitcoin is now live. And it is only getting started.

Bitcoin is taking another step toward institutional usability. Twinstake is now live as a signer for strkBTC, supporting private BTC movement between Bitcoin and @Starknet 🧵

Join us for Bitcoin Finance space this Wednesday (5/20) at 11am EST! We'll be exploring strkBTC and privacy Bitcoin with @Ingalandia from @Starknet! 🍕 Also, talking our joint Pizza Day event together 🎉

What does private Bitcoin actually look like? -> Bridge BTC into Starknet. -> Receive strkBTC. -> Shield it in your @ready__x or @xverse wallet. -> Swap, earn, and move privately. Watch the full walkthrough 👇

With privacy, sometimes less is more. Or: why do you get *better* privacy with strk20 than with Zcash, even though you get less privacy overall? With Zcash only you and your counterparty are privy to a transaction, but it’s hard on your computer and you can’t do shielded Defi (lending, borrowing, other assets). On Starknet there’s an operator who sees details of your transaction, in addition to you and your counter party. So it seems that Starknet gives you less privacy. But privacy is also a function of the size of the crowd youre blending into, and the amount of economic activity that’s shielded. There more of it that happens in your privacy pool, the more protection and privacy you get. So, on Starknet, because you have better UX, and composability with Defi, you’ll likely do a lot more activity and so will others. And this will end up giving everyone better privacy and protection. Analogy goes somewhere here: You can protect your house by building it all underground, with no windows. Or you can go with a nice stone and concrete house that has windows and doors. Less security, more convenience and for most practical purposes better.