Bitcoin News and Finance
Starkware Plans to Open Source Key Tech Linked to Starknet Prover Skip to main content

Starkware Plans to Open Source Key Tech Linked to Starknet Prover

Starkware Plans to Open Source Key Tech Linked to Starknet Prover

At the Starkware Sessions 2023 event, held at the Cameri Theatre in Tel Aviv, Israel, Starkware co-founder Eli Ben-Sasson informed the audience that the company intends to open source “key tech” linked to the Starknet Prover. During the event, the co-founder of the Ethereum scaling project stated that this marks a “significant step for scaling Ethereum and cryptography.”

Starkware to Open Source Key Component of Ethereum Scaling Project

The Ethereum scaling project, Starkware, has declared that the team intends to open source the component of Starknet known as the Starknet Prover. This component generates cryptographic proofs for compressed groups of transactions. Starkware has already open-sourced the project’s software, Papyrus, and the programming language, Cairo 1.0. The announcement of the open sourcing of the Starknet Prover was made at the Starkware Sessions 2023 conference in Tel Aviv, Israel.

At the event, attendees learned about technologies such as storage proofs and the launch of a plug-and-play full-node called Starknode by Kasar Labs. “This is a landmark moment for scaling Ethereum and, in a broader sense, for cryptography,” said Eli Ben-Sasson, co-founder and president of Starkware. “We view the Prover as the magic wand of Stark technology. It wondrously generates the proofs that enable unfathomable scaling,” added the Starkware executive.

The Starkware service, Starknet, became operational in Nov. 2021. The project has made numerous advances in 2022, including the open sourcing of Papyrus and Cairo. In March 2022, the blockchain API and node service, Alchemy, announced its use of the Ethereum layer two (L2) service, Starknet. The following month, MakerDAO disclosed plans to integrate Starknet to reduce DAI transfer costs. At the end of Dec. 2022, payment giant Visa published a blog post discussing the leveraging of Ethereum and the L2 service, Starknet.

In Nov. 2022, Starkware established a nonprofit foundation with the aim of enhancing the development of the software and the Starknet infrastructure. The project’s co-founder stated that, of course, Stark technology is not actually magic. Rather, the Starknet Prover is “sound cryptography” and the company wants “everyone who wants to make it their own.” The president of the company added that developers and software engineers “should have a full understanding of how it works, be able to modify and edit the code, and distribute it further.”

Starkware and its Starknet project are among many Ethereum scaling and L2 projects, as competition has become significant over the past two years. Users have a variety of solutions to choose from, including Arbitrum, Optimism, Loopring, Zksync, Metis, Polygon, Hermez, Immutable X, Aztec, and Boba Network. On Feb. 5, 2023, the average cost to leverage Starknet’s general-purpose ZK rollup was $0.21 per transfer, while the cost to swap a token via Starknet was $0.52, according to current metrics on the same day.

What are your thoughts on the open sourcing of the Starknet Prover and its potential impact on the Ethereum scaling project and the field of cryptography as a whole? Let us know in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory