StarkWare Says It Will Launch Layer 3 on Ethereum

StarkWare Says It Will Launch Layer 3 on Ethereum

Key Takeaways

StarkWare has announced planned Layer 3 blockchains to expand its infrastructure scalability.
The team said StarkEx, which powers dYdX and Immutable, will be ported to Layer 3. 
StarkWare’s Layer 3s including StarkEx will operate on its primary Layer 2, StarkNet.

Share this article

StarkWare, a firm aiming to scale Ethereum using Zero-Knowledge Rollups, has revealed that it is already planning Layer 3 chains.

Layer 3s to Expand StarkWare’s Scalability Infrastructure

StarkWare, a popular scalability solutions provider on Ethereum, is planning Layer 3 chains. It has revealed plans to launch an additional off-chain computation layer on the existing Layer 2 network known as StarkNet.

In a Tuesday blog post, StarkWare announced that Layer 3 chains will further improve the scalability of its blockchain infrastructure. Building on top of its main Layer 2 StarkNet, Layer 3s will provide “hyperscalability” and further drive down Ethereum gas costs.


The StarkWare team is also mulling the possibility of an additional Layer 4 for quadratic scalability, should it be deemed necessary.

Due to a renewed architecture, StarkEx, its popular product that powers dApps such as dYdX, Immutable, and DeversiFi, will move to Layer 3. As a result, StarkEx will draw security from Ethereum by sitting on top of StarkNet.

Gidi Kaempfer, the head of core engineering at StarkWare, writes that the revamped architecture for certain applications will meet the needs of “specific tailoring that may better be served by a new and separate layer.”

Source: StarkWare

The team explained its Ethereum ecosystem will be led by StarkNet. Serving as Layer 2, StarkNet will validate multiple Layer 3s, each dedicated to various use cases.

The team claims that its new layer will make transactions roughly one million times less expensive than Ethereum’s Layer 1. This way, StarkWare will possess the ability to support high-throughput apps like games and social media.

Explaining how the technology will operate, Kaempfer explained that the team would deploy a “verifier smart contract” on Layer 3s. Working with StarkWare’s Validium proofs, the verifier contract will ensure the sanctity of data is maintained across all layers.

StarkWare is the first among all the notable Layer 2 solutions to announce a planned move to Layer 3s. In Nov. 2021, the firm raised $50 million in a Series C funding round at a $2 billion valuation.

Disclosure: At the time of writing, the author of this piece owned ETH and other cryptocurrencies.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Ethereum ZK-Rollup Developer StarkWare Raises $50M at $2B Valuation

ZK-Rollup developer StarkWare has raised $50 million in a Series C funding round that values the firm at $2 billion. The company plans to launch StarkNet Alpha on Ethereum mainnet…

Zk-STARKs Arrive: But Is The Privacy Coin Tech Even Needed?

Zk-STARKs have been long hyped up as a replacement for Zcash’s Zk-SNARK system, for one simple reason: they don’t require the trusted setup, which (if compromised) could allow an attacker…

dYdX Partners with StarkWare to Scale Non-Custodial Exchange

The decentralized margin exchange dYdX is working closely with StarkWare, a blockchain tech company that develops zero-knowledge products. If successful, the results will provide traders with an efficient layer 2…

What is a Crypto Airdrop: Why Projects Airdrop Crypto

Crypto airdrops occur when new tokens are freely distributed to different wallets in order to drive initial growth and build a community. They represent a popular marketing tactic that new projects use to spread…

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy

Pin It on Pinterest