At the Starkware Sessions 2023 event, held at the Cameri Theater in Tel Aviv, Israel, Starkware co-founder Eli Ben-Sasson informed the audience that the company intends to open source “key technology” linked to Starknet Prover. During the event, the co-founder of the Ethereum scaling project claimed that this marks a “significant step in scaling Ethereum and crypto.”
Starkware for Open Source Key Component of Ethereum Scaling Project
The Ethereum scaling project, starkwarehas stated that the team intends to open the source code of the component of star web known as the Starknet tester. This component generates cryptographic proofs for compressed groups of transactions. Starkware has already opened the project software, Papyrusand programming language Cairo 1.0. He advertisement of the open source Starknet Prover was done on the Starkware Sessions 2023 Conference in Tel Aviv, Israel.
At the event, attendees learned about technologies such as storage testing and launch of a plug-and-play full node called Starknode from Kasar Labs. “This is a historic moment for scaling Ethereum and, in a broader sense, for crypto,” he said. Eli Ben Sasson, co-founder and president of Starkware. “We see the Prover as the magic wand of Stark technology. It beautifully generates the tests that allow for unfathomable scaling,” added the Starkware executive.
Starkware’s service, Starknet, went live in November 2021. The project has made numerous breakthroughs in 2022, including the open source of Papyrus and Cairo. In March 2022, the blockchain API and node service Alchemy announced the use of Ethereum’s Layer Two (L2) service Starknet. The following month, MakerDAO revealed plans to integrate Starknet to reduce DAI transfer costs. In late December 2022, payment giant Visa published a blog post about leveraging Ethereum and the L2 service, Starknet.
In November 2022, Starkware established a non-profit foundation with the goal of improving the development of Starknet’s software and infrastructure. The co-founder of the project stated that, of course, Stark technology is not really magical. Rather, Starknet Prover is “sound cryptography” and the company wants “everyone who wants to make it their own.” The company president added that software developers and engineers “must have a full understanding of how it works, be able to modify and edit the code, and distribute it further.”
Starkware and his Starknet project are among many Ethereum L2 and scaling projects, as competition has become significant in 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 February 5, 2023, the average cost to take advantage of Starknet’s general-purpose ZK package was $0.21 per transfer, while the cost to exchange a token through Starknet was $0.52, based on current data. metrics In the same day.
What do you think about the open source Starknet Prover and its potential impact on the Ethereum scaling project and the crypto field in general? Let us know in the comments section.
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