Key Takeaways
- StarkWare has announced Stwo, an open-source prover using zero-knowledge technology to enhance Ethereum's scalability by making cryptographic proofs more efficient.
- The introduction of Stwo aims to reduce latency and processing costs, which is expected to lower fees for end-users.
- StarkWare's rapid development of Stwo exemplifies its commitment to innovation and leadership in the ZK-rollup market.
StarkWare, the developer of Layer-2 network Starknet, has unveiled its new open-source prover Stwo, based on zero-knowledge (ZK) technology.
The prover significantly boosts the scalability of Ethereum by generating cryptographic proofs more efficiently.
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The introduction of Stwo is poised to diminish latency and cut down on processing costs.
These advancements are expected to culminate in reduced end-user fees, marking a significant milestone in the quest for more affordable and accessible blockchain solutions.
Oren Katz, StarkWare's Chief Operating Officer, highlighted the transformative potential of Stwo, emphasizing its open-source nature from the outset:
Stwo will bring new possibilities for scaling. And they’ll be available for everyone, given that it will be open-source from Day 1.
The development closely follows StarkWare's recent introduction of its new cryptographic proofs called Circle STARKS, set to simplify the proving process for ZK rollups.
Katz expressed enthusiasm over the rapid progression from theoretical concept to practical application:
It’s especially exciting that just a week after the new Circle STARK protocol was announced as a theoretical breakthrough, this protocol is already springing to life with the development of this blazingly fast prover.
StarkWare's initiatives place it at the forefront of the ZK-rollup segment, with its Starknet ZK-rollup currently ranked as the fourth-largest Layer-2 solution by total value locked.
By addressing key challenges such as proving latency and transaction fees, StarkWare reinforces its position in the blockchain industry and paves the way for broader adoption and scalability of Ethereum and related technologies.
In other news about technological developments in the crypto realm, Marathon Digital recently announced Anduro, a multichain Layer-2 network to enhance Bitcoin scalability and innovation.
