Starknet

Starknet Product Introduction

• Overview: Starknet is a decentralized Layer 2 network built on Ethereum, utilizing ZK-Rollup technology (Zero-Knowledge Rollup) to enhance Ethereum’s scalability and transaction efficiency. As a permissionless network, it validates off-chain transactions using advanced mathematics and cryptography (STARK technology), ensuring computational integrity while reducing costs and increasing processing speed.
• Technical Features: Starknet leverages STARK technology for efficient computational proofs, supporting parallel execution and block packing to significantly boost transaction throughput (TPS). Its latest versions continuously optimize smart contract execution speed, reduce fees, and lower storage costs through state compression. Additionally, it supports native SNARK verification, enabling on-chain proof validation and full composability with smart contracts.
• Ecosystem and Applications: The Starknet ecosystem spans decentralized finance (DeFi), gaming, and stablecoin systems, supporting Bitcoin asset bridging, EVM wallet compatibility, and multi-chain DeFi strategies. Recent launches include USDC-backed Asset Runes and staking functionalities for the STRK token, further advancing decentralization.
• Development Updates: Based on public information, Starknet consistently updates its technical roadmap, with recent versions (such as v0.13.4 and v0.14.0) deployed on testnet or mainnet, offering faster transaction confirmation times and lower fees. Future plans include further staking upgrades, Bitcoin staking, and fully decentralized consensus mechanisms.
• Advantages and Prospects: By combining Ethereum’s security with the efficiency of ZK technology, Starknet provides users and developers with a cost-effective and faster experience. Its expanding ecosystem and cross-chain capabilities (such as Bitcoin-Ethereum bridging) position it as a significant player in blockchain scalability.