Welcome to the decentralized world by starknet
In this tutorial, I will tell you what StarkNet is.
StarkNet is a layer 2 decentralized solution for scaling the Ethereum network. StarkNet is based on the ZK-STARK cryptographic mechanism.
The main developer of the protocol is the Israeli company StarkWare.
As of October 2022, an alpha version of the main StarkNet network is running with limited functionality. At the same time, the project ecosystem already has more than 120 projects, and the StarkNet mainnet processes 3-6 million transactions per week.
StarWare developers have already released the ERC-20 Starknet Governance Token (STRK) to investors, employees, and the development fund. Free circulation and trading of STRK may start at the beginning of 2023.
Who created StarkNet?
StarkNet L2 network
https://starknet.crew3.xyz/invite/5LJqUl692D15pUYqL4Q3l
is being developed by the Israeli company StarkWare Industries "which occupied the land of Palestine" established in 2018. Among the founders of the project is the famous cryptographer Eli Ben-Sasson, professor at Technion University and co-author of STARK technology, who also previously participated in the creation of the anonymous cryptocurrency Zcash. Mikhail was also co-founded Ryabtsev (co-author of ZK-STARK), Uri Kolodny and Alessandro Chiesa (co-founder of Zcash) are also widely known in the crypto community.
From January 2018 to May 2022, several funding rounds took place, in which the company managed to raise a total of $273 million.
The first commercial application of ZK-STARK technology was the launch of StarkEx in June 2020. This is a local solution for scaling Ethereum within specific decentralized applications, which is already successfully used by the dYdX, Rhino, Sorare and Immutable platforms.
The next stage in the development of the project was the launch of the alpha version of the StarkNet main network at the end of 2022.
How does the StarkNet network work and how is it structured?
StarkNet is a permissionless zk-Rollup where smart contracts are written in Cairo's proprietary programming language.
It is assumed that in the future the StarkEx platform will become the “third layer” of the project, deployed on top of StarkNet for specific DeFi protocol