Starkware is speedily evolving and intensely building amid a season where many legends are silenced. It is an unusual feat and a historic one to see such milestones being met. Meanwhile, you could be wondering what exactly is Starkware building and what the recent deployment you can see on its interface. 

Asides from the recent deployment of the Starkware’s native token ($STRK), the ecosystem has built these efficient products– StarkEx and StarkNet, and it’s still BUIDLing!

This script hopes to drive this to memory with a stake in your decision after this information. Enjoy!

There are two major Starks products that are known to be developed by starkware, and both start with “Stark”. One is StarkEx (more like an exchange), and the other is StarkNet. Both products are of great importance to Starkware’s ecosystem. Taking a deep overview of each product, we will start with StarkNet– the most renowned of all.

Are you aware of zk-roll-ups and the whole buzz around layer2s? If not, consider gulping this piece on that. 

So, in simple terms, StarkNet (a golden example of ZK-Rollup) is a blockchain solution deployed by Starkware as a decentralized and permissionless proof roll-up into the Ethereum blockchain natively to scale the blockchain holistically (from transactions speed to gas fee efficiency). 

In achieving this, Starknet is solving the standing trilemma problem common to diverse blockchains (decentralization, scalability and security) –by maintaining the security in-built with the Ethereum blockchain and ensuring an uncompromised transaction estate within its network. 

This feat is nicely carried out through the engine StarkEx as it swiftly processes transactions between an off-chain and on-chain relayer mechanism– thus adding nitro to Ethereum blockchain transactions and saving some bucks off your gas fee. 

StarkEx is the hidden engine behind the successful running of StarkNet. Using Cairo (Starkware’s ZK programming language), StarkEx is highly performant providing an on-chain inclusion for any business logic. Often described as the layer-2 scalability engine living on Ethereum, StarkEx meshes transactions in batches and seamlessly helps to scale them through its uneven distribution of computation between its off-chain Prover (OcP) and the on-chain Verifier (OcV). The OCP takes in millions of transactions (buy, sell, stake, NFT mints, etc) in batches and generates starks or stark-proof (a kind of print-out/receipt stating the update and validity of the transactions for the blockchain).

Fast forward, the print-out (or stark proof together with the system updates) is now sent to the OcV. The OcV works as the security door you’d meet after meeting the gate-entering requirement. Since OcV would be overworked with millions of transaction verification, it only needs the zk-starks (i.e stark proof) to verify the accuracy and integrity of every single transaction computed within each stark.

After the validation of the proof, then the system/network update can now be committed on-chain (i.e to the Ethereum mainnet). This division of tasks between the stark-prover and verifier is uneven by design. 

Doubling the computational work for the prover only adds one unit of work to the verifier– by this means is massive scaling achieved with the assurance of computational integrity! In summary, all transactions are validated off-chain, and the proof of their integrity is verified on-chain! 

StarkEx is ready for use. It already has all its parts audited by an external auditor and is up and running. Core features of StarkEx include:

• Massive Scale,

• Self-Custody,

• Fast Withdrawals,

• ERC-721 & ERC-20 & ERC-1155 Support,

• L2 NFT Minting,

• DeFi Pooling,

• dAMM (distributed AMM),

• Real-Time Oracle Price Feed,

• Tracking of Interest/Funding,

• Data Availability: Rollup, Validium,

• Data Availability: Volition,

• Unique Minting,

• ERC-1155 Support (Deposit, Withdraw, Trade), and

• ERC-1155 Off-Chain Minting.

There’s more to what Starkware and this solution can achieve and solve within the blockchain and crypto space. Scalability as a standing problem within the ecosystem is currently solved and we are hoping to see more solutions deployed and progress achieved. StarkEx is a historic turning point. The ecosystem has recently deployed its native token, to provide more inclusion, crypto-utility, and functionality. 

Starkware is taking a firm stance as the tour guide for the Ethereum ecosystem to fulfill its dream, while remaining as a unique ecosystem on its own.

Conclusively, StarkNet and StarkEx give us a full-chest rest on the non-scalability state of the Ethereum blockchain, as it answers questions #theMerge only attempted– scalability!

Starkware is speedily evolving and intensely building amid a season where many legends are silenced. It is an unusual feat and a historic one to see such milestones being met. Meanwhile, you could be wondering what exactly is Starkware building and what the recent deployment you can see on its interface. 

Asides from the recent deployment of the Starkware’s native token ($STRK), the ecosystem has built these efficient products– StarkEx and StarkNet, and it’s still BUIDLing!

This script hopes to drive this to memory with a stake in your decision after this information. Enjoy!

There are two major Starks products that are known to be developed by starkware, and both start with “Stark”. One is StarkEx (more like an exchange), and the other is StarkNet. Both products are of great importance to Starkware’s ecosystem. Taking a deep overview of each product, we will start with StarkNet– the most renowned of all.

Are you aware of zk-roll-ups and the whole buzz around layer2s? If not, consider gulping this piece on that. 

So, in simple terms, StarkNet (a golden example of ZK-Rollup) is a blockchain solution deployed by Starkware as a decentralized and permissionless proof roll-up into the Ethereum blockchain natively to scale the blockchain holistically (from transactions speed to gas fee efficiency). 

In achieving this, Starknet is solving the standing trilemma problem common to diverse blockchains (decentralization, scalability and security) –by maintaining the security in-built with the Ethereum blockchain and ensuring an uncompromised transaction estate within its network. 

This feat is nicely carried out through the engine StarkEx as it swiftly processes transactions between an off-chain and on-chain relayer mechanism– thus adding nitro to Ethereum blockchain transactions and saving some bucks off your gas fee. 

StarkEx is the hidden engine behind the successful running of StarkNet. Using Cairo (Starkware’s ZK programming language), StarkEx is highly performant providing an on-chain inclusion for any business logic. Often described as the layer-2 scalability engine living on Ethereum, StarkEx meshes transactions in batches and seamlessly helps to scale them through its uneven distribution of computation between its off-chain Prover (OcP) and the on-chain Verifier (OcV). The OCP takes in millions of transactions (buy, sell, stake, NFT mints, etc) in batches and generates starks or stark-proof (a kind of print-out/receipt stating the update and validity of the transactions for the blockchain).

Fast forward, the print-out (or stark proof together with the system updates) is now sent to the OcV. The OcV works as the security door you’d meet after meeting the gate-entering requirement. Since OcV would be overworked with millions of transaction verification, it only needs the zk-starks (i.e stark proof) to verify the accuracy and integrity of every single transaction computed within each stark.

After the validation of the proof, then the system/network update can now be committed on-chain (i.e to the Ethereum mainnet). This division of tasks between the stark-prover and verifier is uneven by design. 

Doubling the computational work for the prover only adds one unit of work to the verifier– by this means is massive scaling achieved with the assurance of computational integrity! In summary, all transactions are validated off-chain, and the proof of their integrity is verified on-chain! 

StarkEx is ready for use. It already has all its parts audited by an external auditor and is up and running. Core features of StarkEx include:

• Massive Scale,

• Self-Custody,

• Fast Withdrawals,

• ERC-721 & ERC-20 & ERC-1155 Support,

• L2 NFT Minting,

• DeFi Pooling,

• dAMM (distributed AMM),

• Real-Time Oracle Price Feed,

• Tracking of Interest/Funding,

• Data Availability: Rollup, Validium,

• Data Availability: Volition,

• Unique Minting,

• ERC-1155 Support (Deposit, Withdraw, Trade), and

• ERC-1155 Off-Chain Minting.

There’s more to what Starkware and this solution can achieve and solve within the blockchain and crypto space. Scalability as a standing problem within the ecosystem is currently solved and we are hoping to see more solutions deployed and progress achieved. StarkEx is a historic turning point. The ecosystem has recently deployed its native token, to provide more inclusion, crypto-utility, and functionality. 

Starkware is taking a firm stance as the tour guide for the Ethereum ecosystem to fulfill its dream, while remaining as a unique ecosystem on its own.

Conclusively, StarkNet and StarkEx give us a full-chest rest on the non-scalability state of the Ethereum blockchain, as it answers questions #theMerge only attempted– scalability!