Based in 2018, Starkware is an progressive firm specializing in creating cryptographic-proof programs using ZK-STARK expertise. They design progressive options to extend blockchains’ scalability, safety, and privateness. Starkware goals to construct a sooner, safer Ethereum layer-2 blockchain utilizing ZK-STARK expertise.
Cairo, the corporate’s programming language, was launched in 2020. The launch was a key milestone within the firm’s growth.
In June 2020, StarkWare launched its first expertise. It’s the StarkEx, a scaling engine made in-house and used on Ethereum.
Later, in November 2021, StarkNet’s Alpha was launched on Mainnet. This expanded the corporate’s presence within the blockchain area.
StarkWare: Six years of pure innovation for scalability
STARKs, Validium, proof aggregation, Cairo, recursive proving, L3, and extra—all come from the sensible (and really humble 👀) minds of our crew and are actually business requirements.
We introduced all these developments in simply the… pic.twitter.com/gMhtFptUjL
— StarkWare 🐺🐱 (@StarkWareLtd) July 16, 2024
In February, StarkNet launched its native token, STRK. The full circulation provide of STRK is 2 billion. The agency additionally introduced that STRK staking will probably be accessible within the fourth quarter of this 12 months.
Functions of StarkWare
In December 2020, the V2 model was launched, which featured Cairo-generated STARK proofs, assist for ERC-721, and a sooner connection to the Ethereum mainnet.
StarkWare’s STARK expertise has made it doable to scale a wide range of use instances on the blockchain.
These use instances embody:
- Mass-minting NFTs
- Perpetual contract buying and selling
- Spot buying and selling
- Funds
- Decentralized finance
- Truthful voting
- Distinctive automated market maker designs
- Information administration.
The Way forward for StarkWare
The crew is engaged on introducing extra progressive options. The corporate has scheduled two new variations within the final two quarters. They are going to let the Starknet neighborhood do sooner transactions at no cost, present a greater developer expertise, and lift the congestion threshold.
Other than the updates, listed here are just a few extra issues the crew will probably be engaged on within the close to future:
- Develop into the primary L2 on Ethereum and Bitcoin
- Proceed engaged on the Starknet decentralization with Staking and Governance
- Bettering on StarkNet to optimize throughput and prices
Lastly, the Stwo Prover is a brand new open-source prover on which StarkWare is presently working. Stwo will implement the brand new Circle STARK protocol and a number of other different optimizations. It’s going to unlock the complete potential of the very environment friendly prime area M31. The corporate will make it accessible to everybody within the zk-proof and blockchain areas. This may profit everybody.
Starknet builders can use an optimized proving expertise on all fronts, because of the open-source Stwo Prover, which will probably be sooner than the present options. This yields sooner, lower-cost transactions for customers.