StarkWare Unveils Stwo Prover: Revolutionizing Transaction Speeds on the StarkNet Blockchain
A new open-source cryptographic prover called Stwo has been introduced by StarkWare, with the aim of revolutionizing transaction speeds on the StarkNet blockchain. By utilizing zero-knowledge (zk) technology, Stwo reduces proving latency and accelerates transactions. This breakthrough will not only lower StarkWare’s processing costs but also result in decreased user fees, making transactions more affordable for end users.
Stwo has the potential to significantly enhance Ethereum’s scalability. As an open-source solution from day one, it promises to bring new possibilities for scaling and will be widely accessible to everyone. This development marks a major milestone in the quest for faster and more efficient blockchain transactions.
Benefits for Starknet and Beyond
Provers play a crucial role in the functionality and security of layer-2 networks. StarkWare’s previous prover, Stone, laid the groundwork for Stwo by being open-sourced in August. Stwo takes its name from the combination of Stone and Two, and its open-source framework allows for widespread accessibility and scrutiny of its codebase.
Developers will particularly benefit from Stwo’s accessibility, as it facilitates the implementation of Stark-based systems. The deployment of Stwo on Starknet and its app chains will result in reduced latency and processing costs, ultimately leading to lower user fees. This advancement will significantly improve the overall efficiency and affordability of transactions on the StarkNet blockchain.
Empowering ZK-Proofs
Zero-knowledge proofs (ZK-proofs) enable users to validate information without revealing sensitive data. StarkWare’s Starknet ZK-rollup is currently the fourth largest layer 2 solution, boasting a total value locked (TVL) of $1.33 billion. This highlights the increasing importance of ZK-protocols in the crypto landscape. Starknet is positioned as a leading ZK rollup, and the open-sourcing of its entire stack aligns with StarkWare’s vision of a decentralized and permissionless layer-2 blockchain network.
Expanding Possibilities with Circle STARKS
The announcement of Stwo comes shortly after StarkWare’s collaboration with Polygon on Circle STARKS. This partnership aims to enhance transaction efficiency and cost-effectiveness for zero-knowledge rollups. The development of Stwo as a high-speed prover just a week after the theoretical breakthrough of the Circle STARK protocol demonstrates the rapid progress being made in the practical application of these advancements. This is an exciting development that brings us one step closer to achieving faster, more scalable blockchain transactions.
Hot Take: StarkWare’s Stwo Prover Promises a Leap Forward in Transaction Speeds and Affordability
StarkWare’s introduction of the open-source Stwo Prover represents a major breakthrough in transaction speeds on the StarkNet blockchain. By leveraging zk technology, Stwo significantly reduces proving latency and accelerates transactions, resulting in lower user fees and increased affordability for end users.
With the ability to scale Ethereum and other blockchain networks, Stwo opens up new possibilities for layer-2 solutions and the implementation of Stark-based systems. Its open-source nature allows for widespread accessibility and fosters transparency and security in the development process.
By empowering ZK-proofs, StarkWare is at the forefront of the growing importance of these protocols in the crypto landscape. The collaboration with Polygon on Circle STARKS further strengthens StarkWare’s commitment to enhancing transaction efficiency and cost-effectiveness.
The introduction of Stwo is a testament to StarkWare’s dedication to advancing blockchain technology and providing faster, more scalable, and affordable transactions for users. As the crypto industry continues to evolve, innovations like Stwo pave the way for a decentralized and permissionless future.
By
By
By