Starknet (STRK) is a Layer 2 scaling solution for Ethereum, known as Validity-Rollup or ZK-Rollup.
It allows decentralized applications (dApps) to scale massively without compromising the security or composability of Ethereum.
Starknet achieves this by grouping transactions into an off-chain computed STARK proof, which is then verified on the Ethereum mainchain.
Main features:
Scalability: Starknet enables high transaction throughput by processing transactions off the Ethereum mainchain, reducing congestion and gas fees.
Security: It uses STARK cryptographic proofs to ensure the integrity of transactions, maintaining the inherent security of Ethereum.
Composability: dApps on Starknet can interact with each other seamlessly, preserving the composability of the Ethereum ecosystem.
Utilities:
dApp Development: Starknet provides a platform for developers to implement smart contracts and scalable dApps more efficiently.
Cost reduction: By processing transactions off the main chain, Starknet decreases gas fees, making applications more accessible to users.
Integration with Ethereum: Starknet maintains a close integration with Ethereum, allowing dApps to leverage the existing security and infrastructure of the main network.
Whitepaper:
The whitepaper of Starknet, titled "Cairo Whitepaper Redux"
It is available on their website
- Cairo Whitepaper Redux -
Annual price evolution of Starknet (STRK):
This is a list with the approximate price of STRK at the end of each year since its launch:
2023: $0.60
2024: $0.64 (as of November 30)
* Starknet represents a significant advancement in Ethereum's scalability, offering a solution that balances security, efficiency, and composability.
Its focus on STARK proofs and off-chain processing positions Starknet as an essential tool for the development of scalable dApps, however, remember to do good research on your own before investing *
