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Bittime - StarkWare, the team behind the Starknet scaling solution, announced the development of Stwo, a next-generation zero-knowledge prover, at Eth Denver today.
Also Read: Getting to Know Zero-Knowledge Proofs (ZKPs)
What is Starknet?
Starknet is a Layer 2 solution designed to improve Ethereum's scalability and efficiency. The platform leverages zk-STARK technology to process transactions faster and cheaper, without compromising security and compatibility with Ethereum.
Increase Efficiency
Stwo aims to significantly reduce latency and transaction costs on Starknet. This will pave the way for faster and more affordable transactions for users on the platform.
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Open Source Accessibility
Following the company's commitment to transparency, Stwo will be built and released as open source software under the Apache 2.0 license. This allows anyone to freely access, modify, and distribute the code, encouraging collaboration and innovation within the community.
Built on Existing Solutions
Stwo builds on StarkWare's first generation prover, Stone, which is currently used by the public Starknet blockchain and the Starknet application chain. However, this prover incorporates the Circle Stark protocol, co-developed with Polygon, to offer significant efficiency improvements.
Also read : What is Proof of Attendance Protocol?
Advantages of Circle Stark
This innovative protocol improves the efficiency of Starknet's existing STARK proofs, which act as proof of validity for certain states on the blockchain. Essentially, this allows StarkWare to use STARK proofs effectively for smaller fields, overcoming previous limitations.
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Evolution for the Future
With Stwo, StarkWare takes an important step toward a more efficient and scalable future for blockchain technology. Its open source nature further encourages collaboration and innovation within the crypto community.
How to Buy Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read Also
What Is Starknet: Ethereum Star with Rollup and ZK-STARK
Starknet's Latest Update Brings StarkGate 2.0 to Mainnet
StarkWare Launches Open-source ZK Prover at ETH Denver
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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