Starkware Plans to Open Source Key Tech Linked to Starknet Prover

Starkware Plans to Open Source Key Tech Linked to Starknet Prover Starkware Plans to Open Source Key Tech Linked to Starknet Prover  0

At the Starkware Sessions 2023 event, held at the Cameri Theatre in Tel Aviv, Israel, Starkware co-founder Eli Ben-Sasson informed the audience that the company intends to open source “key tech” linked to the Starknet Prover. During the event, the co-founder of the Ethereum scaling project stated that this marks a “significant step for scaling Ethereum and cryptography.”

Starkware to Open Source Key Component of Ethereum Scaling Project

The Ethereum scaling project, Starkware, has declared that the team intends to open source the component of Starknet known as the Starknet Prover. This component generates cryptographic proofs for compressed groups of transactions. Starkware has already open-sourced the project’s software, Papyrus, and the programming language, Cairo 1.0. The announcement of the open sourcing of the Starknet Prover was made at the Starkware Sessions 2023 conference in Tel Aviv, Israel.

At the event, attendees learned about technologies such as storage proofs and the launch of a plug-and-play full-node called Starknode by Kasar Labs. “This is a landmark moment for scaling Ethereum and, in a broader sense, for cryptography,” said Eli Ben-Sasson, co-founder and president of Starkware. “We view the Prover as the magic wand of Stark technology. It wondrously generates the proofs that enable unfathomable scaling,” added the Starkware executive.

The Starkware service, Starknet, became operational in Nov. 2021. The project has made numerous advances in 2022, including the open sourcing of Papyrus and Cairo. In March 2022, the blockchain API and node service, Alchemy, announced its use of the Ethereum layer two (L2) service, Starknet. The following month, MakerDAO disclosed plans to integrate Starknet to reduce DAI transfer costs. At the end of Dec. 2022, payment giant Visa published a blog post discussing the leveraging of Ethereum and the L2 service, Starknet.

In Nov. 2022, Starkware established a nonprofit foundation with the aim of enhancing the development of the software and the Starknet infrastructure. The project’s co-founder stated that, of course, Stark technology is not actually magic. Rather, the Starknet Prover is “sound cryptography” and the company wants “everyone who wants to make it their own.” The president of the company added that developers and software engineers “should have a full understanding of how it works, be able to modify and edit the code, and distribute it further.”

Starkware and its Starknet project are among many Ethereum scaling and L2 projects, as competition has become significant over the past two years. Users have a variety of solutions to choose from, including Arbitrum, Optimism, Loopring, Zksync, Metis, Polygon, Hermez, Immutable X, Aztec, and Boba Network. On Feb. 5, 2023, the average cost to leverage Starknet’s general-purpose ZK rollup was $0.21 per transfer, while the cost to swap a token via Starknet was $0.52, according to current metrics on the same day.

Tags in this story Alchemy, blockchain API, Blog Post, Cairo 1.0, co-founder, Code, Conference, cryptographic proofs, Cryptography, Developers, Development, distributed, Eli Ben-Sasson, ETH, Ethereum layer two, Ethereum Scaling, infrastructure, israel, Kasar Labs, L2, makerdao, node service, nonprofit foundation, Open Source, operational, Papyrus, plug-and-play full-node, programming language, Scaling, Software, software engineers, Starknet Prover, Starknode, starkware, storage proofs, Tel Aviv, transactions, transfer costs, VISA

What are your thoughts on the open sourcing of the Starknet Prover and its potential impact on the Ethereum scaling project and the field of cryptography as a whole? Let us know in the comments section below.

Starkware Plans to Open Source Key Tech Linked to Starknet Prover  1 Jamie Redman

Jamie Redman is the News Lead at News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for News about the disruptive protocols emerging today.

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Updated: 02/06/2023 — 03:00

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