Starknet Upgrade to Boost Transactions per Second
Starknet, an Ethereum Layer 2 network, is preparing to launch an upgrade called “Quantum Leap” this month to increase its capacity for transactions per second. The upgrade aims to elevate the network’s sequencer transaction rate to “several hundred” per second, a significant improvement from current levels. The upgrade is currently undergoing testing and awaits approval from the Starknet community. If approved, it will be deployed to the mainnet. The upgrade was first released on the Goerli testnet on July 3, after engineering efforts by StarkWare, LambdaClass, and other participants within the Starknet ecosystem.
Key Points:
- Scheduled for launch around July 13, the “Quantum Leap” upgrade aims to increase Starknet’s sequencer transaction rate to “several hundred” per second.
- The upgrade is currently undergoing testing and awaits approval from the Starknet community.
- The upgrade was first released on the Goerli testnet on July 3, following engineering efforts by StarkWare, LambdaClass, and other participants within the Starknet ecosystem.
- The upgrade is expected to improve latency, with an expected time-to-inclusion of under 15 seconds under normal conditions.
- The Starknet roadmap includes plans for future versions that aim to reduce transaction costs and introduce a system for prioritizing transactions.
Enhancing Ethereum’s Scalability with Starknet
The “Quantum Leap” upgrade not only increases transaction speed but also improves latency, facilitating faster transactions and greater throughput for users. This enhancement is expected to benefit DeFi applications and the gaming niche. The Starknet roadmap also includes plans for future versions that aim to reduce transaction costs and create a marketplace for block space on the network. Additionally, the network is exploring leveraging the account abstraction feature for innovative integrations within crypto apps, such as two-factor authentication for signing transactions and wallet recovery.
Hot Take
The “Quantum Leap” upgrade by Starknet is set to significantly boost the network’s capacity for transactions per second, positioning it as a leading Ethereum Layer 2 scaling solution. With improved latency and faster transaction speeds, this upgrade will benefit DeFi applications, the gaming niche, and users seeking greater throughput. The roadmap for Starknet includes further enhancements to reduce transaction costs and introduce a marketplace for block space. Leveraging the account abstraction feature also opens up possibilities for innovative crypto app integrations. Starknet is paving the way for a more scalable and efficient Ethereum ecosystem.
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