StarkWare

STRK staking is coming to Starknet, marking a major milestone for our community! This new feature will pave the way for innovative business logic and use-cases, enhancing the utility of the STRK token and further decentralizing our network. What makes this even more special? Starknet will be the first Layer 2 solution to introduce this mechanism, with availability on both testnet and mainnet by Q4 2024. ⚠️ Important Note: During this initial phase, neither StarkWare nor the Starknet Foundation will participate in staking activities, meaning they won't be eligible for any staking rewards. Additionally, all locked tokens will not be able to participate in staking. https://lnkd.in/dVtx-NCA

Our new prover Stwo is actually lightning fast. Here's a demo by Shahar Papini and Eli Ben-Sasson of our next-gen prover, Stwo, and its groundbreaking performance: proving 620,000 hashes per second using an M3 laptop! This is x1000 better than our current prover, Stone, and is the fastest in the market Stwo will be in production in early 2025, meaning that all Starknet-powered chains will be much faster to prove and more cost-effective! Tech Specs: We measured throughput for proving invocations of the Poseidon2 hash over M31 field on a MacPro M3 machine. Deep dive into Stwo here: https://lnkd.in/dZNDejg2

Starknet functions as a Layer 2 network over Ethereum, distinguishing itself from conventional Layer 2 solutions. Unlike most that adhere to the Ethereum Virtual Machine (EVM) framework, Starknet offers a novel approach. What makes it unique? Starknet features a collection of specialized developer tools tailored for its distinct infrastructure. This suite of tools has fostered a vibrant community of developers dedicated to leveraging Starknet’s capabilities to craft innovative and efficient blockchain applications. https://lnkd.in/e8bVCK39

What's your favorite Starknet dApp, and why? 👀

Love Starknet? Hate Starknet? We want to hear your thoughts! Help us make Starknet better by filling out our most recent developer survey 👇 https://lnkd.in/dAKjESFg

Last week, our COO and former VP of R&D Oren Katz spoke at Geektime גיקטיים’s annual conference about the blockchain scalability problem. Achieving security, decentralization, and scalability simultaneously is a significant challenge, often called the "blockchain trilemma." Typically, only two of these properties can be maximized at the expense of the third. For example, Ethereum prioritizes security and decentralization over scalability. As Ethereum's user base expands, the network experiences transaction bottlenecks, slowing down speeds and driving up gas prices. This cycle hampers widespread adoption. Simply increasing transactions per block would compromise decentralization, making it costlier to run Ethereum nodes and potentially destabilizing consensus, thus impacting security. To tackle these issues, Starknet emerges as a Layer 2 solution offering a different approach to enhancing scalability without sacrificing security and decentralization. 🔗 Want to help solve the blockchain trilemma? Join us at StarkWare and be part of the innovation. Apply now! https://lnkd.in/gmc2Qicp

Inspired by Rust, Cairo is a cutting-edge programming language designed for provability and performance. It abstracts the complexities of STARKs, enabling developers to effortlessly harness STARK proofs for their projects. Ideal for creating computationally intensive applications, Cairo paves the way for DeFi protocols and fully onchain games. STARK proofs are generated within the CairoVM, running the CPU AIR (Cpu AIR[O]). The Arithmetic Intermediate Representation (AIR) transforms Cairo computations into a format ready for proving.

A STARK Glossary: ☑StarkWare- StarkWare is the company that developed and maintains Cairo and Starknet.   ☑ Starknet- Starknet is a Validity-Rollup (aka ZK-Rollup) Layer 2 network that operates on top of Ethereum, enabling dApps to massively scale without compromising on security. ☑ StarkEx- StarkEx is a STARK-powered scalability engine for crypto exchanges developed by StarkWare. ☑ Starknet Foundation- The Starknet Foundation works to achieve Starknet's vision of a thriving, decentralized, and permissionless Ethereum Layer 2 Still confused? Learn more 👇

Join the Starknet ecosystem and hack globally with mentors, experts, and industry leaders by your side. From Autonomous Worlds to AI, Starknet's secure scaling redefines what's possible on Ethereum. Sign up now! https://lnkd.in/dNFrECKx

We're in the news! StarkWare's plans to expand STARKs to Bitcoin have gained significant media attention. StarkWare plans to leverage the OP_CAT proposal to bring ZK scaling to Bitcoin, enabling simultaneous settlement on Bitcoin and Ethereum. To help with this effort, StarkWare is launching a $1M fund for Bitcoin researchers to support this innovation. PS: Can you spot the cat below? Check out some of the coverage 👇 🔗 https://lnkd.in/dQ9ssXNe 🔗 https://lnkd.in/dMHqwPK9 🔗 https://lnkd.in/djRhMQhm 🔗 https://lnkd.in/drVys_hD