StarkNet STRK

Starknet is a permissionless Validity-Rollup, or zero-knowledge rollup (ZK rollup) L2 network that runs on Ethereum. It was developed to help scale Ethereum and allow for faster and cheaper usage of decentralized applications.

It achieves this by bundling transactions into an off-chain computed STARK proof. The proof then gets submitted as a single transaction to Ethereum, leading to numerous transactions being approved as a single one, thus reducing the traffic on the network.

This achieves several beneficial effects, including higher throughput, faster processing time, and significantly lower costs, as a result. And, as mentioned earlier, the security does not suffer, but rather, it stays robust throughout the process.

With the power of STARK technology, Starknet can, in theory, offer unlimited scale. All transactions in the bundle are validated off-chain, using advanced math and cryptography.

This overcomes Ethereum’s scalability limitations, and as scalability solutions continue to grow in popularity, chances are that Starknet will, as well.

Starknet has a number of technological advantages that make it unique and sought after by developers. One example is the fact that it is very easy to use, which allows for superior user experience. It achieves this by employing Native Account Abstraction. Essentially, all accounts are smart accounts, and their behavior is determined by the developers, instead at the protocol level.

As a result, the project offers unparalleled flexibility when it comes to account management. This is not the end, as it also empowers developers to code unique solutions and be as creative as they can get. This is possible because of Cair, the project’s native smart contract language, which allows the devs to push the boundaries of their applications more than ever before.

Starknet’s platform offers plenty of materials and resources for the developers to learn everything about it and about how best to use it. It also has a massive and still growing community hub, which has helped build a thriving ecosystem.