StarkNet is a tier two scaling solution created by the StrakWare company. It is also referred to as a decentralized ZK-Rollup solution.
What is StarkNet?
StarkNet, using the Cairo language, was created by the StarkWare company. The universal Rollup, which removes the separate Rollup (ASIC) system for each application like StarkEx, gathers and activates all applications in one place, is expressed as StarkNet. Rollup aims to ensure fewer transactions on the main network by performing transactions outside of the main network.
Working as a layer-2 network on the Ethereum network, StarkNet enables a dApp to achieve unlimited scale for its needs. It does this thanks to StarkNet’s reliance on the most secure and scalable cryptographic proof system. Also, StarkNet is the decentralized ZK-Rollup solution. It aims to improve the throughput and security features of Ethereum layer-1, using the underlying compression technology.
Lowest gas charges and unlimited scaling are the key benefits of StarkWare. In addition, StarkNet supports general computing over ethereum. It is a decentralized, permissionless and censorship-proof zero-knowledge collection. (ZK-Gathering)
What are the Advantages of StarkNet?
StarkWare co-founder Uri Kolodny stated that StarkNet will play an important role in the expected massive increase in blockchain usage. Ben-Sasson, one of the partners, described the StarkNet platform as “the missing piece in the technology evolution that makes the blockchain usable”. Ryan Berckmans, who is also known for his contributions to Ethereum, talked about the advantages of StarkNet in a series of posts from his Twitter account.
Among the advantages of StarkNet, one of the Ethereum scalability solutions;
- In terms of network fees, StarkNet states that it has excellent scalability for users, including low or even zero cost transactions.
- StarkNet’s proprietary rights are the same as Ethereum and the risk of infringement is less than other solutions.
- StarkNet is the decentralized ZK-Rollup solution. Ethereum uses the basic compression method to improve the first layer features.
- Also, its key advantages include the lowest gas fees and unlimited scaling potential.
How StarkNet Works
StarkNet is based on the Cario language and is a ZK-Rollup solution that supports general computing over Ethereum. It aims to improve the production and security features of Ethereum first hash. Working as a Tier-2 network, StarkNet is a decentralized scaling solution. In scaling solution; There are three main network actors: Developers, Users, and StarkNet nodes.
developerscan create dApps and deploy to them on StarkNet. Users, can send transactions to StarkNet to execute, as in Ethereum. StarkNet Nodesis crypto-economically incentivized for the network to operate efficiently and fairly.
All StarkNet transactions are grouped periodically. Proof of validity to be verified on Ethereum with STARK proof. StarkNet has the potential to scale Ethereum. This is because the computational power required to validate STARK proofs is smaller than proven computation.
All StarkNet state changes are STARK proof. For this reason, only valid ones are accepted on Ethereum. StarkNet broadcasts all data on-chain to reconstruct the situation. Anyone can run their own StarkNet node. It is intended to achieve the same security and unauthorized features exhibited by Ethereum.
