StarkNet is a layer-2 scaling solution designed to enhance the scalability and privacy of decentralized applications (dApps) built on the Ethereum blockchain. It is being developed by StarkWare, a company focused on utilizing zero-knowledge proofs and Stark technology to improve the efficiency of blockchain platforms.

StarkNet aims to address the limitations of the Ethereum network, such as high transaction fees and slow transaction confirmation times, by allowing dApps to offload computations to a separate off-chain network. This off-chain network, known as a "commit chain," leverages zero-knowledge proofs to ensure the correctness and validity of computations while maintaining privacy.

With StarkNet, developers can build and deploy complex smart contracts with improved scalability and reduced costs. It enables high throughput and low latency for decentralized applications, making it suitable for use cases that require fast and efficient processing, such as decentralized exchanges, gaming platforms, and decentralized finance (DeFi) applications.