StarkNet, the layer-2 (L2) scaling platform created by Ethereum protocol StarkWare announced that the first few DApps built on the platform had been deployed. It was launched on the Ethereum Mainnet on November.
StarkWare has now developed the infrastructure necessary for DApps deployment. The company shared nine projects from zkRollups in a Twitter thread. This list includes decentralized finance (DeFi), nonfungible tokens, and gaming applications.
Here are the latest projects we have listed – all building on StarkNet from @StarkWareLtd https://t.co/y55wb8p8nb 1/
— zkRollups.xyz (@zkRollupsXYZ) February 22, 2022
StarkNet, a zero-knowledge rollup or permissionless validity rollup is one that uses basic compression technology. This compression technology boosts the production and security of Ethereum layer 1. It is proud of its products’ ability provide “rock-bottom” gas fees, transaction costs and unlimited scaling potential.
Cointelegraph spoke with StarkWare co-founders Uri Kodny, and Eli Ben-Sasson. Ben-Sasson discusses the missing step that will make crypto mainstream.
“WeChat, WhatsApp, and Facebook are used by hundreds and millions of billions of users. Today, crypto is not able to serve billions of people. Part of this is due to the small scale.
Kolodny then made a comparison between Manhattan’s skyscrapers that allowed for more population growth and StarkNet’s potential for Ethereum’s users to grow. StarkNet and L2 technologies like StarkNet will be “crucial” to assisting a “massive expected rise” in blockchain usage.
Ben-Sasson said that StarkNet is “the missing link of tech evolution which makes Blockchain usable for all” and will eventually “propel us towards a Web3 reality.”
StarkNet founders stated that they anticipate StarkNet being fully decentralized in the next year. StarkWare recently raised $50 million in Series C funding, which brought StarkNet’s value to $2 billion.
Related: ZK Rollups rise to the top after Ethereum’s quest for scale
Opera web browser announced Wednesday its integration with Ethereum L exchange DeversiFi. Starkware powered, it aims to offer cost-effective transactions within the mobile wallet.