In 2023, Starknet is prioritizing performance improvements to increase throughput, lower latency, and reduce transaction costs. The spotlight is on layer-2 blockchain protocols that have brought major improvements to various platforms and services operating in the Ethereum ecosystem. Zero-knowledge proofs have played a crucial role in the roll-out of these protocols, with Starknet leading the way.
In order to cater to the anticipated surge in users and developers, StarkWare, the company responsible for the scaling platform, has revealed its intentions to bolster its layer-2 network. Cointelegraph spoke to Eli Ben-Sasson, the co-founder and president of StarkWare, who shared the significant highlights from the 2023 roadmap for Starknet.
Increasing throughput and reducing latency are major areas of focus for performance improvements. The objective is to achieve considerably higher transactions per second (TPS) than Ethereum's mainnet, while keeping gas costs low. To achieve this goal, the team is set to release Starknet v0.12.0 soon, after a six-month development sprint involving the transition of the development stack to a Rust-based Sequencer.
“The most important thing is for builders and developers to have high throughput so that they can really build. Starknet is about increasing the computational abilities of Ethereum and we just want to provide this raw power to the hands of developers.”
In addition, StarkWare has made its programming language compiler Cairo open-source, which is intended to facilitate the development of decentralized applications (DApps) powered by zk-rollup and validity proofs. Ben-Sasson emphasized that Starknet is still aiming to achieve the ambitious goal of processing at least 10 times the throughput of Ethereum while keeping the cost at a tenth of the price.
“We're often experiencing practical TPS or gas usage that is orders of magnitude greater than what Ethereum can deal with. I'm very confident that this will also be replicated on Starknet.”
StarkEx, another layer-2 scaling engine developed by StarkWare, has demonstrated its ability to deliver significant TPS on decentralized exchange dYdX, processing up to 54 transactions per second at times. This is a significant improvement compared to Ethereum's average TPS of around 10 to 12. Starknet's improved scaling capabilities, combined with the ability to process larger transactions, bode well for the network's future.
“We're going to roll out Volition, which allows users to opt as to whether they want their data on or off-chain and this will be part of the base layer of the Starknet system.”
Reducing transaction costs is another priority for Starknet, and this will be addressed by targeting the cost of storing data on Ethereum's mainnet. Ben-Sasson revealed that the release of off-chain data availability will complement Ethereum's in-development improvement proposal 'Proto-Danksharding' EIP-4844, which aims to provide cheaper transactions.
“Market mechanisms are a very good way to solve this. Blockchain didn't invent this, blockchains adopted this from just the conventional world. That's how you prioritize resources and allow users to signal this.”
In addition, Starknet is aiming to achieve faster finality by implementing shorter and fixed interval block times on the network. A fee market will also be introduced to prioritize network resources based on users' willingness to pay for transactions, following the model of conventional market systems. Several other Ethereum layer-2 protocols are also adopting zk-rollups to enhance their efforts to provide faster and cheaper transactions on the smart contract blockchain network.
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source: cointelegraph
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