It is:
- Starknet: It is a Layer 2 scaling solution that runs on the Ethereum blockchain.
- Purpose: To increase Ethereum's transaction capacity and transaction speed, reduce transaction fees, and provide greater usability for developers.
- How It Works: Starknet processes transactions on sidechains instead of the Ethereum main chain, using a technology called ZK-Rollups. This allows transactions to be processed faster and cheaper.
Where:
Starknet runs on the Ethereum blockchain.
The system has a worldwide distributed network.
When:
Starknet was announced in 2020, and the mainnet was launched in 2023.
The system is still in development, but many applications and projects are being worked on.
How:
Starknet uses a complex mathematical technology called ZK-Rollups.
This technology significantly increases transaction capacity and transaction speed while maintaining the privacy and security of transactions.
Kim:
Starknet was developed by StarkWare Industries.
The company consists of a team specialized in blockchain technology.
Additional Information:
Starknet is one of Ethereum's most popular layer two solutions.
The system is an ideal platform for decentralized applications (DApps).
Starknet is used in many different industries such as DeFi, NFTs, and gaming.
In summary: Starknet is a layer two scaling solution running on the Ethereum blockchain. The system uses a technology called ZK-Rollups, making transactions faster, cheaper and more confidential. Starknet is an ideal platform for decentralized applications and is used in many different sectors such as DeFi, NFTs and gaming.
Advantages of Starknet:
Faster processing speed
Lower transaction fees
Increased processing capacity
Enhanced privacy and security
The ideal platform for decentralized applications
More About Starknet:
https://starkware.co/
https://docs.starknet.io/documentation/
