#starknet #airdrop $STRK Educational Thread about StarkNet Technology
- Hey guys, I'm starting a painting in which I want to better explain how projects work and to start I chose to talk about @Starknet #starknetdefi
- Then follow me and follow me 👇🧶
1/🌐 What is StarkNet?
- StarkNet is a second layer solution for Ethereum that uses STARKs (Scalable Transparent ARguments of Knowledge) technology to improve the scalability and security of transactions on the blockchain.
- developed by StarkWare. Uses zero-knowledge tests
2/ 🔍What are STARKs?
- STARKs are a form of zero-knowledge proof that allows you to verify the validity of a transaction without revealing sensitive data.
- They are transparent (do not require reliable initial setup), scalable and secure against quantum computing attacks.
3/📈Scalability
- STARKs allow thousands of transactions to be grouped into a single proof. This proof is then verified at layer 1 of Ethereum.
- This increases the network's processing capacity and drastically reduces transaction fees.
4/🔐Security
- STARK technology uses hashing and encoding functions to create evidence that is extremely difficult to falsify.
- Additionally, quantum computing resistance makes STARK proofs secure in the long term, protecting against future technological advances in cryptography.
5/🌟Transparency
- Unlike zk-SNARKs, STARKs do not require a trusted initial setup, known as "trusted setup".
- This eliminates a potential point of failure and increases network transparency and security.
If you liked it, leave a like and comment so I can post part 2.