Good or bad technology? Let’s check it out.
Starknet is a decentralized layer 2 network that enables Ethereum to scale securely and dapps to achieve unlimited scale for transactions and computation. It is built on StarkWare's STARK technology, which is a type of zero-knowledge proof that allows for secure and efficient computation on the blockchain.
Starknet uses a Validity Rollup architecture, which means that transactions are bundled together and verified off-chain. This allows Starknet to achieve high throughput and low latency while maintaining the security of the Ethereum mainnet.
StarkNet's STARK technology is a type of zero-knowledge proof that is considered to be very secure. Zero-knowledge proofs allow for the verification of a computation without revealing the details of the computation. This makes StarkNet resistant to attacks and can be used to store and process sensitive data.
Security Starknet is secured by a network of validators who verify transactions and proofs. The validators are incentivized to act honestly by being rewarded with STRK tokens.
Efficiency Starknet is very efficient, which means that it can process transactions quickly and cheaply. The VR architecture allows Starknet to avoid the computational overhead of executing transactions on the Ethereum mainnet. This makes StarkNet a good choice for dapps that require high throughput and low latency. Show Less
