At The Starkware Sessions 2023 event, held at Cameri Theater in Tel Aviv, Israel, Starkware co-founder Eli Ben-Sasson revealed that the firm plans to open up “key technology” linked to Starknet Prover. During the event, the co-founder of the Ethereum Scaling project noted that this marks a “significant step in scaling Ethereum and crypto.”
Starkware Discloses Open Source Key Component Of Ethereum Scaling Project
Ethereum Scaling project Starkware highlighted that the team plans to open up the Starknet component which is often referred to as Starknet Prover. This component creates cryptographic proofs which can be utilized to compress groups of transactions. Already, the software challenge has been open-sourced to the public. Papyrus, and the programming languages Cairo 1.0. The announcement of the open source Starknet Prover was made at Starkware Sessions inauguration of the 2023 conference in Tel Aviv, Israel.
At participants discovered about storage testing and other technologies at the event. launch A plug-and-play full node known as Starknode starting at Kasar Labs. “This is a historic moment for scaling Ethereum and, in a broader sense, for crypto,” said. Eli Ben SassonCo-founder and President of Starkware. “We see the Prover as the magical wand of Stark technology. It wonderfully generates the proof that enable for unfathomable scaling,” The following was added by the Starkware executive.
Starkware’s service, Starknet left its residence back in November 2021. The open-sourcing in 2022 has resulted in many breakthroughs for the project. Papyrus and Cairo. In March 2022, the blockchain API and node services Alchemy introduced the usage of Ethereum’s Layer Two service (L2) Starknet. The following month MakerDAO announced plans to integrate Starknet to reduce DAI transfer fee In late December 2022, large fees Visa published a blog post about leveraging Ethereum’s L2 service, Starknet.
In November 2022, Starkware established a non-profit foundation with the aim of improving the project’s software and infrastructure. The co-founder of the project admitted that, of course, it’s not magic to have the right technology. Rather, Starknet Prover is “sound cryptography” and the company wants and needs “everyone who wants to make it their own.” The President of the firm added that software developers and engineers must also have “a full understanding of how it works, be able to modify and edit the code, and distribute it further.”
Starkware’s Starknet project are just some of the many Ethereum L2 and scaling projects that have been instrumental in the last two years, when there were numerous competitors. Users have plenty of options to choose from. Arbitrum, Optimism, Loopring, Zksync, Metis, Polygon, Hermez, Immutable X, Aztec?, and Boba Network. On February 5, 2023, the average cost to reap all the benefits of Starknet’s general-purpose ZK package was $0.21 per transfer. Transaction fees were a token. Starknet based on the current metrics, $0.52 on the same day.
What do you think about the idea of an open source? Starknet Prover potential impact on the Ethereum scaling challenge? Let us know in the comments section below.
