BREAKING: Ethereum transacts for 9 cents, fast and easy like email.
StarkWare’s $eth Layer 2 brings DeFi to millions of users.
Mass adoption of crypto is at a turning point.
How to set it up and what this means exactly, read on.
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At the heart of this is the first mobile browser wallet for L2 Ethereum from @opera, the defi trading setup from @deversifi, and the Ethereum transaction compression service from @StarkWareLtd
StarkWare uses a revolutionary technology called "ZK rollups" and "validity proofs"
In order to scale Ethereum, they compute the transactions of the Ethereum chain and generate proof that those transactions took place in their compression service.
The proofs are sent to the Ethereum base layer, and transaction details are stored incorruptibly on the blockchain.
Being able to understand Cairo and Starknet right now is like knowing the value of oil before cars existed.
FRENS, you don't need to learn a new language to build on StarkNet. Things have changed very fast. with the WARP tool from Nethermind, you can translate your Solidity code to Cairo. The results are very very good.
A few StarkEx DEXs are already in production on the Ethereum mainnet, and they have 1.1 billion TVL and 390 billion dollars worth of cumulative trading volume.
In general, the common consensus is that STARKs have a technological advantage over SNARKs.
STARKs are also known to be post-quantum resistant because it makes a leaner mathematical assumption of collision-resistant hash functions as compared to SNARKs