StarkWareFoundation
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StarkWare is working to integrate Cosmos’ IBC protocol into Starknet
StarkWare, the core contributor and developer of $ETH Layer 2 Starknet, will integrate inter-blockchain communication (IBC) protocol — a key component of the Cosmos ecosystem designed to enable interoperability among independent blockchains. For this integration, it is collaborating with Cosmos contributor Informal Systems.
Currently, Cosmos and Starknet operate on different codebases. Starknet is a permissionless decentralized ZK-Rollup functioning as a Layer 2 network on Ethereum. It uses STARK proofs to ensure high throughput and low transaction costs while upholding the security of the mainnet. In contrast, Cosmos is an ecosystem comprising several chains developed using the Cosmos SDK. These chains utilize the Tendermint consensus mechanism and communicate with each other via the IBC protocol.
This integration will allow Starknet to connect with any IBC-compatible chain, including all Cosmos chains and others outside the Cosmos ecosystem that have adopted this feature.
StarkWare explained that this partnership is focused on achieving enhanced decentralization and expanding interoperability for the project.
“This partnership aims to achieve two primary goals for Starknet: enhancing decentralization and interoperability, through exploration of the Tendermint consensus algorithm and the IBC protocol,”
$ETH
#Layer2Revolution #StarkWareFoundation #IBCProtocol
#Cosmos
StarkWare, the core contributor and developer of $ETH Layer 2 Starknet, will integrate inter-blockchain communication (IBC) protocol — a key component of the Cosmos ecosystem designed to enable interoperability among independent blockchains. For this integration, it is collaborating with Cosmos contributor Informal Systems.
Currently, Cosmos and Starknet operate on different codebases. Starknet is a permissionless decentralized ZK-Rollup functioning as a Layer 2 network on Ethereum. It uses STARK proofs to ensure high throughput and low transaction costs while upholding the security of the mainnet. In contrast, Cosmos is an ecosystem comprising several chains developed using the Cosmos SDK. These chains utilize the Tendermint consensus mechanism and communicate with each other via the IBC protocol.
This integration will allow Starknet to connect with any IBC-compatible chain, including all Cosmos chains and others outside the Cosmos ecosystem that have adopted this feature.
StarkWare explained that this partnership is focused on achieving enhanced decentralization and expanding interoperability for the project.
“This partnership aims to achieve two primary goals for Starknet: enhancing decentralization and interoperability, through exploration of the Tendermint consensus algorithm and the IBC protocol,”
$ETH
#Layer2Revolution #StarkWareFoundation #IBCProtocol
#Cosmos
StarkWare is taking three steps to scale Bitcoin:
•Proposing a new design for Starknet, a decentralized Layer 2, to settle on both Ethereum and Bitcoin simultaneously.
•Launching a $1 million fund to support research and development on OP_CAT, a feature that enables trustless rollups on Bitcoin.
•Publicly supporting the OP_CAT Bitcoin soft fork, which allows recursive covenants to manage and update their state autonomously.
StarkWare believes that STARKs and Starknet are well-suited to achieve this Bitcoin scaling, as STARKs can provide the necessary cryptographic proofs and Starknet can become a single Layer 2 that scales both Ethereum and Bitcoin.
#StarkWare #StarkWareFoundation $BTC #OPCAT #StarknetUpdate $STRK
•Proposing a new design for Starknet, a decentralized Layer 2, to settle on both Ethereum and Bitcoin simultaneously.
•Launching a $1 million fund to support research and development on OP_CAT, a feature that enables trustless rollups on Bitcoin.
•Publicly supporting the OP_CAT Bitcoin soft fork, which allows recursive covenants to manage and update their state autonomously.
StarkWare believes that STARKs and Starknet are well-suited to achieve this Bitcoin scaling, as STARKs can provide the necessary cryptographic proofs and Starknet can become a single Layer 2 that scales both Ethereum and Bitcoin.
#StarkWare #StarkWareFoundation $BTC #OPCAT #StarknetUpdate $STRK