Layer-2 Solution StarkNet Ready for DApp Deployment

  • Launched back in November with limited functionality, StarkNet is a permissionless version of StarkWare’s StarkEx platform, which supports DeversiFi, Immutable, and dYdX.
  • The StarkNet team is planning to decentralize the project sometime in the second half of 2022, and hand over StarkNet’s governance to its community.
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StarkWare’s layer-2 scaling solution for Ethereum, StarkNet, is now ready for the deployment of decentralized applications (DApps), a feature rolled out over the last few months.

zkRollups, a digital directory for zero-knowledge ecosystems, revealed on Tuesday the nine projects it has listed for deployment to StarkNet, which ranged from decentralized finance (DeFi) to NFTs and gaming DApps. StarkNet first went live with limited functionality in November, and is a permissionless version of StarkWare’s StarkEx platform, which currently supports projects such as DeversiFi, Immutable, and dYdX.

StarkNet uses zero-knowledge Rollup technology to solve some of Ethereum’s scaling problems, and provide users with “rock-bottom” gas fees, transactions costs, and “limitless” scaling potential. StarkWare has added a number of features to StarkNet over the past few months, which is now ready to be used for transactions and building DApps.

The team behind StarkNet now plans to spend the next few months focusing on the scalability of the layer-2 solution, making it support a higher number of transactions per second (TPS), eventually reaching 700 TPS. StarkWare is also planning to completely decentralize the project sometime in the second half of 2022, and hand over StarkNet’s governance to its community.

A StarkNet hackaton will also take place on 28 February, giving developers the opportunity to win “a piece of the hack’s $50k prize pool”. The first challenge will ask developers to build a DApps that are live on StarkNet but do not need to interact with layer-1 data or assets. The second challenge will involve the creation of DApps that allow interaction between StarkNet and Ethereum data and assets, such as bridges, DeFi pools, storage proofs, and others.

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