Starknet
Layer 2

Starknet

Starknet is a Layer 2 scaling solution for Ethereum that utilizes STARK proofs to achieve significant improvements in transaction speed, cost, and privacy while maintaining the security of the underlying Ethereum blockchain.

Chain

Starknet

What is Starknet?

The ever-growing popularity of decentralized applications (dApps) on Ethereum has led to network congestion and high gas fees. Starknet offers a secure and scalable solution to address these limitations:

  • STARK Proofs: Unlike traditional rollup solutions, Starknet leverages STARK proofs, a form of cryptographic proof that allows verifying the validity of transactions without revealing all the transaction data. This approach enhances scalability and transaction processing speed.
  • Enhanced Security: While processing transactions off-chain, Starknet inherits the security of the Ethereum blockchain for final settlement. This ensures the safety of user funds and assets on the platform.
  • Scalability and Efficiency: STARK proofs enable Starknet to handle a massive volume of transactions per second, significantly reducing congestion and transaction times compared to the Ethereum mainnet.
  • Permissionless Decentralized Validity Rollup: Starknet operates as a permissionless decentralized validity rollup. Anyone can deploy dApps on the network, fostering innovation and an open ecosystem.
  • Account Abstraction: Starknet introduces the concept of account abstraction, separating user accounts from their signing keys. This opens doors for novel security features and user experience improvements within dApps.

Key Features:

  • Massively Faster Transactions: Experience significantly faster transaction processing compared to the Ethereum mainnet.
  • Reduced Transaction Fees: Benefit from lower gas fees, making dApp interactions more cost-effective.
  • Enhanced Privacy: Leverage STARK proofs for improved transaction privacy compared to traditional blockchain transactions.
  • Security Inherited from Ethereum: Enjoy the security of the Ethereum blockchain for final settlement of transactions.
  • Permissionless Innovation: Explore a permissionless environment where anyone can deploy dApps on Starknet.

 

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