StarkNet is a decentralized layer-2 (L2) network for the Ethereum blockchain, built on zk-rollup technology and developed by StarkWare. It aims to address Ethereum's scalability issues by offering high throughput, low fees, and security inherited from the Ethereum mainnet.
Key Features of StarkNet
zk-Rollup: StarkNet uses zk-rollup (zero-knowledge rollup), meaning that transactions are aggregated and processed off-chain (in L2) and then the results of these transactions are sent back to the Ethereum mainnet in the form of compressed proofs. This reduces the load on the mainnet and significantly decreases transaction costs while maintaining security.
STARK Proofs: The core technology behind StarkNet is STARKScalabilityLow FeesEthereum CompatibilityParallel Execution: StarkNet supports parallel transaction execution, meaning smart contracts can be processed simultaneously without waiting for the completion of previous operations. This further increases transaction processing speed.
ScalabilityLow FeesEthereum CompatibilityParallel Execution: StarkNet supports parallel transaction execution, meaning smart contracts can be processed simultaneously without waiting for the completion of previous operations. This further increases transaction processing speed.
Low Fees: Since transactions in StarkNet are batched and sent to the Ethereum mainnet as compressed proofs, the cost of transactions is significantly reduced compared to direct transactions on Ethereum.
Ethereum Compatibility: StarkNet is tightly integrated with Ethereum. All smart contracts deployed on StarkNet can interact with contracts on Ethereum. This allows developers to easily port their dApps from Ethereum to StarkNet, preserving the security and reliability of the mainnet.
Parallel Execution: StarkNet supports parallel transaction execution, meaning smart contracts can be processed simultaneously without waiting for the completion of previous operations. This further increases transaction processing speed.
Cairo: The Programming Language for StarkNet
StarkNet uses the Cairo programming language, specifically designed for writing smart contracts in zk-Rollups. Key features of Cairo include:
- Optimized for zero-knowledge computations.
- Easy integration of zk-proofs.
- High performance and scalability.
Conclusion
StarkNet is one of the most advanced layer-2 solutions for Ethereum, providing a high level of scalability and security through zk-Rollups and STARK proofs. Thanks to its characteristics, StarkNet is becoming a popular platform for developing dApps, DeFi projects, and NFT platforms, helping to overcome the limitations of the Ethereum mainnet.