StarkWare announced the launch of Stwo, an open source zero-knowledge (ZK) based prover aimed at improving end-user latency and reducing transaction costs.
Stwo is required to compress transactions when generating cryptographic proofs on Starknet. According to a press release published by Cointelegraph on Feb. 29, Stwo will reduce the cost of transaction processing on StarkWare by generating proofs faster, which will ultimately result in lower user fees, according to the company.
According to Oren Katz, chief operating officer (COO) of StarkWare, the new Stwo opens up new opportunities for the protocol. He states that:
"Stwo offers new opportunities for scaling. " The protocol will be open source from day one, making it accessible to everyone.
Stwo and its code base will be open to developers interested in implementing Stark-based systems. Over time, Starknet and the Starknet application network will automatically take advantage of Stwo, reducing latency and processing costs, ultimately leading to lower user fees.
Proof of concept is the magic wand of STARK technology - it plays a key role in scaling #Ethereum . " Circle STARK's implementation of Stwo will help accelerate Ethereum scaling by generating proofs more efficiently.
Zero Knowledge Proof (ZK Proof) is a cryptographic protocol that allows users to prove certain information to other users without revealing the information itself.
According to L2Beat, StarkWare Starknet's ZK rollup is currently the fourth largest Level 2 with a total #blockchain value of $1.33 billion Starknet is the largest ZK rollup in TVL, followed by zkSync TVL at $868 million. It is followed by Era.
According to the protocol, the Starknet stack will eventually be completely open, in line with the vision of a permissionless, decentralized layer 2 blockchain network.
On February 28, Humanity Protocol received funding from more than 20 venture capitalists including Hashed, CMCC, Cypher Capital, Foresight Ventures and Mechanism Capital.
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