This article comes fromDecrypt, original author: Andrew Asmakov
Odaily Translator | Nian Yin Si Tang
Odaily Translator | Nian Yin Si Tang
Israel-based StarkWare, the developer behind Ethereum layer 2 scaling solutions StarkEx and StarkNet, today revealed plans to open source its STARK Prover software.
As the world's largest smart contract platform, in order to achieve faster and cheaper transactions, StarkWare utilizes a technology called "zero-knowledge rollups", which bundles hundreds of thousands of transactions off-chain and then rolls them up on the chain. On-chain verification at a fraction of the cost on-chain.
STARK Prover will be renamed to Starknet Prover and placed under the Apache 2.0 license, which will allow Web3 developers to copy and alter the source code of this software and allow them to distribute any copies or modifications for commercial use without worrying about royalties.StarkWare President and Co-Founder Eli Ben-Sasson was in Tel Aviv on Sunday for aActivity
He added that this would put STARK technology "in the right position as a public good that will be used for the benefit of all.
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The "Magic Wand" for Ethereum Scaling
STARK is a class of cryptographic protocols created by Ben-Sasson and used by StarkNet and StarkEx to provide scaling support while maintaining the security of the underlying Ethereum blockchain.
StarkWare is building Starknet Prover's codebase based on software that has been in use since June 2020, proving transactions from well-known StarkWare-based decentralized applications (dApps) such as Immutable X, Sorare, and dYdX, among others. According to StarkWare, the company has processed 327 million transactions, minted 95 million NFTs, and settled approximately $824 billion in funds.
StarkWare also stated that open sourcing Starknet Prover will improve accessibility for developers and foster collaboration within the community. The move will take time to implement and, once completed, will mark the final stage of decentralization of the company's technological interests.
"We think Prover is the magic wand of STARK technology. Of course, it is not actually magic, but solid cryptography, and today we are saying that everyone who wants to get it should create it themselves. They should know exactly How it works, modifying the code, editing the code, and distributing it further," said Ben-Sasson.
Previously, StarkWare open sourced elements such as Cairo 1.0 (an upgraded version of StarkNet's native smart contract language), Papyrus Full Node (a Rust implementation of StarkNet's full node), and the new StarkNet Sequencer (a tool responsible for sorting transactions and generating blocks).
The StarkWare president also sought to use the opportunity to address issues facing the broader crypto industry in the wake of the FTX debacle, stating that the industry "desperately needs" solutions that provide scaling and better user experience (UX) design.
“Every step we take to provide the infrastructure and make it accessible and decentralized is a catalyst to help developers build. The faster they build and the wider the reach, the sooner we can see big Solutions at scale that really empower people to manage their own money. So there’s a direct link between open sourcing key technologies and the popularity of self-hosting.”
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About StarkWareIn May 2022, StarkWare announcedCompleted $100 million Series D financing at an $8 billion valuation
, Greenoaks and Coatue led the round, with participation from Tiger Global and others.In July of the same year, StarkWare saidIntending to launch a governance token called StarkNet Token
, a token that will allow community supporters to contribute to the success of the ecosystem, thereby playing a role in the governance of that ecosystem. 10 billion tokens have been minted off-chain and distributed to parties including StarkWare investors and its core contributors. Tokens allocated to core contributors and investors will have a four-year vesting period and a one-year cliff (i.e., the time period before tokens are unlocked).
StarkWare also said that tokens will be distributed to the community based on "verifiable work" in 2023. When such distributions are announced, they will only refer to snapshots prior to the announcement date, and users will be filtered when airdropping.
According to reports, StarkNet tokens will have three main uses and will be used for the governance of the StarkNet blockchain. By 2023, it will be possible to contribute to the performance and security of this layer by staking tokens. Additionally, while StarkNet currently uses ETH to pay transaction fees, it will eventually be replaced by the new token.November, StarkWareEstablishment of the non-profit foundation "StarkNet Foundation"
