NIRVANA

  In the era of blockchain technology, there has been a notable rise in computational systems that prioritize transparency and accountability. However, these systems often face challenges in balancing decentralization, scalability, and security—a dilemma known as the "Blockchain Trilemma," as articulated by Vitalik Buterin. StarkNet, a novel solution, aims to address this trilemma by providing a fully accountable, decentralized, scalable, and secure system. Positioned as a layer 2 network built on top of Ethereum, StarkNet enables any decentralized application (dApp) to achieve extensive computational scalability while retaining the composability and security levels associated with Ethereum. This is made possible through its utilization of STARK, a highly secure and scalable cryptographic proof system. StarkNet, developed by StarkWare in Israel, operates as a layer 2 Validity Rollup for Ethereum. It distinguishes itself with high throughput and cost-effective transactions, al...

 StarkNet is a network that operates on the Ethereum blockchain, providing a decentralized layer-2 solution. It aims to enhance scalability and enable decentralized applications (dapps) to handle a large number of transactions and computations securely. StarkWare, a key player in the blockchain industry since its establishment in 2018, specializes in developing and implementing zk-STARK technology. Through innovations like StarkEx, Cairo, and StarkNet, StarkWare has been a driving force in advancing STARK-based technologies. These solutions play a crucial role in improving scalability, privacy, and efficiency for decentralized applications.

  Starknet is a Layer-2 scaling solution for Ethereum that uses zero-knowledge (ZK) proofs to achieve significant scalability and cost reductions. ZK proofs allow Starknet to prove the validity of transactions without revealing the underlying data, which makes it much more efficient than traditional blockchain processing. Starknet is a general-purpose Layer-2 solution, meaning that it can be used to build any type of decentralized application (DApp). This includes everything from decentralized exchanges (DEXs) to lending protocols to non-fungible token (NFT) marketplaces. How Starknet Works Starknet works by bundling thousands of transactions together into a single batch called a “Stark.” The Stark is then processed off-chain using ZK proofs. Once the Stark is processed, a single ZK proof is submitted to the Ethereum mainnet as evidence of the validity of all of the transactions in the batch. This process allows Starknet to achieve significant scalability and cost reductions. For e...