StarkWare launches Layer 3 solution on Ethereum
The company will become a blockchain scaling project
22.12.2021 - 10:40
249
1 min
0
What’s new? StarkWare, a provider of Ethereum scaling solutions, has announced plans to launch an additional Layer 3 network, StarkNet, on its blog. StarkWare is the first project about to reach the next level of scalability.
How will StarkNet work? Gidi Kaempfer, the head of core engineering at StarkWare, said that the new layer will be tied to the second layer of StarkNet. The new network layer will provide a “hyper-scalability” and further reduce gas costs. With this solution, StarkWare will support the high bandwidth applications such as games and social media.
What else did the company's representatives add? Gidi Kaempfer posts that the updated architecture for certain applications will meet the needs of “a specific adaptation that may be improved by a new and separate layer.” The company’s representatives also said that they will be able to build in level 4 scalability as well if needed.
Useful material?
Market
Funds can be seized by law enforcers due to links to illegal activity
Apr 26, 2024
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024