Unveiling StarkNet: A Possible Solution to Address Ethereum's Scalability Concerns?
The advent of blockchain technology has transformed transaction methods and provided a secure data storage framework. Nevertheless, a significant hurdle confronting blockchain is scalability. As the user and transaction count escalates within a blockchain network, the system experiences a slowdown and increased costs. This scalability obstacle has impeded the extensive integration of blockchain technology across diverse industries. Meet StarkNet — an innovative remedy designed to tackle the scalability hurdle in blockchain technology. Positioned as a permissionless decentralized validity rollup, or zk-rollup, StarkNet operates seamlessly on the Ethereum network. Functioning as a layer 2 solution, StarkNet empowers decentralized applications (DApps) to attain expansive scalability for their computations, all while upholding the composability and security standards of the Ethereum ecosystem. At its core, StarkNet harnesses the capabilities of STARK (Scalable Transparent Argument of...