Based in 2018, Starkware is an revolutionary firm specializing in growing cryptographic-proof techniques using ZK-STARK know-how. They design revolutionary options to extend blockchains’ scalability, safety, and privateness. Starkware goals to construct a quicker, safer Ethereum layer-2 blockchain utilizing ZK-STARK know-how.
Cairo, the corporate’s programming language, was launched in 2020. The launch was a key milestone within the firm’s improvement.
In June 2020, StarkWare launched its first know-how. It’s the StarkEx, a scaling engine made in-house and used on Ethereum.
Later, in November 2021, StarkNet’s Alpha was launched on Mainnet. This expanded the corporate’s presence within the blockchain area.
StarkWare: Six years of pure innovation for scalability
STARKs, Validium, proof aggregation, Cairo, recursive proving, L3, and extra—all come from the good (and really humble 👀) minds of our group and are actually business requirements.
We introduced all these developments in simply the… pic.twitter.com/gMhtFptUjL
— StarkWare 🐺🐱 (@StarkWareLtd) July 16, 2024
In February, StarkNet launched its native token, STRK. The overall circulation provide of STRK is 2 billion. The agency additionally introduced that STRK staking will likely be out there within the fourth quarter of this yr.
Purposes of StarkWare
In December 2020, the V2 model was launched, which featured Cairo-generated STARK proofs, assist for ERC-721, and a quicker connection to the Ethereum mainnet.
StarkWare’s STARK know-how has made it attainable to scale a wide range of use circumstances on the blockchain.
These use circumstances embrace:
- Mass-minting NFTs
- Perpetual contract buying and selling
- Spot buying and selling
- Funds
- Decentralized finance
- Honest voting
- Distinctive automated market maker designs
- Information administration.
The Way forward for StarkWare
The group is engaged on introducing extra revolutionary options. The corporate has scheduled two new variations within the final two quarters. They are going to let the Starknet neighborhood do quicker transactions free of charge, present a greater developer expertise, and lift the congestion threshold.
Other than the updates, listed here are a number of extra issues the group will likely be engaged on within the close to future:
- Turn into the primary L2 on Ethereum and Bitcoin
- Proceed engaged on the Starknet decentralization with Staking and Governance
- Enhancing on StarkNet to optimize throughput and prices
Lastly, the Stwo Prover is a brand new open-source prover on which StarkWare is at the moment working. Stwo will implement the brand new Circle STARK protocol and several other different optimizations. It would unlock the complete potential of the very environment friendly prime discipline M31. The corporate will make it out there to everybody within the zk-proof and blockchain areas. This may profit everybody.
Starknet builders can use an optimized proving expertise on all fronts, because of the open-source Stwo Prover, which will likely be quicker than the present options. This yields quicker, lower-cost transactions for customers.
