#starknet #airdrop $STRK

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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.