StarkWare launches Layer 3 solution on Ethereum
The company will become a blockchain scaling project
22.12.2021 - 10:40
320
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
To advance crypto-friendly regulation, Trump’s party needs to win a majority in the Senate
Oct 18, 2024
Incidents
The regulator believes that the court erred in not recognizing retail sales of XRP as securities transactions
Oct 18, 2024
Market
The leader was the Solana network, with 100 million active addresses per month
Oct 17, 2024
Crypto regulations
Amendments to the regulation of financial institutions have been published for public discussion until October 30
Oct 16, 2024
Market
Over the past four years, the company’s shares have grown by 1540%, while the index has gained only 111%
Oct 16, 2024
Incidents
Over the last 24 hours, the asset has updated its all-time high at $2,34
Oct 15, 2024