PANews reported on August 28 that according to The Block, Starknet introduced the "parallel execution" function in its 0.13.2 version upgrade, allowing multiple transactions to be processed simultaneously on the Layer 2 chain. In addition, this upgrade also includes the "block packaging" function, which aims to optimize block space utilization by intensively packaging transactions. The upgrade is expected to reduce transaction confirmation time from the current 10-80 seconds to about 2 seconds. Starknet is an Ethereum Layer 2 expansion solution based on zero-knowledge aggregation technology, developed by StarkWare.