StarkNet aspires to inspire the developer community’s creativity and to spearhead the Layer 2 building boom.
StarkNet, the Layer-2 scaling solution developed by Ethereum protocol StarkWare, announced that the platform’s first few decentralised apps, or dApps, have been deployed since its November launch on the Ethereum Mainnet.
Now that the Starkware team has completed all of the infrastructure required for the deployment of dApps, the company has shared the nine projects listed by zkRollups, a digital directory for the zero-knowledge ecosystem, in a Twitter thread. The list includes everything from decentralized finance (DeFi) to nonfungible tokens (NFTs) and gaming apps.
— zkRollups.xyz (@zkRollupsXYZ) February 22, 2022
StarkNet is a permission less validity rollup, also known as a zero-knowledge rollup, that uses basic compression technology to improve the production and security of Ethereum Layer 1. The company takes pride in the ability of its products to provide “rock-bottom” gas fees, transaction costs, and “limitless” scaling potential.
Uri Kolodny and Eli Ben-Sasson, co-founders of StarkWare. Ben-Sasson discusses the critical missing step in bringing crypto mainstream:
“WeChat, WhatsApp, and Facebook are all used by hundreds of millions of billions of people. There is currently nothing in crypto that serves billions of people. Part of the reason for this is the small scale.”
Kolodny then drew a parallel between Manhattan’s skyscrapers, which allowed for greater population growth, and StarkNet’s potential to do the same for Ethereum’s user base. He went on to say that Layer 2 technologies like StarkNet will be “critical” in supporting a “massive anticipated rise” in blockchain use.
According to Ben-Sasson, the StarkNet platform is “the missing link in tech evolution that makes blockchain usable for everything” and will eventually “propel us to a Web3 reality.”
The founders stated that StarkNet will be fully decentralised within the next year. StarkWare recently raised $50 million in a Series C funding round, bringing the company’s valuation to $2 billion.
On Wednesday, Opera announced its integration with Ethereum Layer-2 exchange DeversiFi, which is powered by Starkware and aims to provide cost-effective and time-efficient transactions within the mobile browser wallet.