What is StarkWare?
2018 saw the founding of StarkWare by the minds behind ZK-STARK and Zcash. Its two technologies, StarkEx and StarkNet, are meant to increase the scalability and privacy of blockchains. A cryptographic proof method called ZK-STARK enables one party to show another that it is in possession of certain information without releasing it.
2018 saw the founding of StarkWare by the minds behind ZK-STARK and Zcash. Its two technologies, StarkEx and StarkNet, are meant to increase the scalability and privacy of blockchains. A cryptographic proof method called ZK-STARK enables one party to show another that it is in possession of certain information without releasing it.
What is StarkNet?
Decentralized layer 2 networks StarkNet functions as a ZK-rollup. A layer 2 chain that employs zero-knowledge technology, such as ZK-STARK, is known as a ZK-rollup. StarkNet sends, verifies, and bundles tens of thousands of transactions off-chain, saving gas and greatly enhancing system scalability. Before altering the balances of all wallets involved in the batch, Ethereum may examine the ZK-STARK proof it generated for the batch in order to confirm that the batch of transactions is genuine. By using this method, Ethereum avoids having to verify each transaction’s legitimacy on the blockchain, which would require a significant amount of computing power, raise gas prices, and cause a congested network.
Decentralized layer 2 networks StarkNet functions as a ZK-rollup. A layer 2 chain that employs zero-knowledge technology, such as ZK-STARK, is known as a ZK-rollup. StarkNet sends, verifies, and bundles tens of thousands of transactions off-chain, saving gas and greatly enhancing system scalability. Before altering the balances of all wallets involved in the batch, Ethereum may examine the ZK-STARK proof it generated for the batch in order to confirm that the batch of transactions is genuine. By using this method, Ethereum avoids having to verify each transaction’s legitimacy on the blockchain, which would require a significant amount of computing power, raise gas prices, and cause a congested network.