StarkWare Overview
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StarkWare is STARK Proof Pioneers, bringing scalability, security, and privacy to a blockchain.
There are two main products:
StarkEx (Validium/Volition; App-Specific, Permissioned)
StarkNet (zkRollup; General purpose, Composability, Permissionless)
Part 1: Powerl of StarkWare
1/19. StarkWare Team Co-founders are the top-notch Professor/Ph.D in computer science, math & zk technology. In addition, Starkware has 70 talented people who have profound backgrounds in technology
https://starkware.co/about-us/
2/19. Advisors are also outstanding individuals in the fields of science, economics and crypto @naval @ethereumJoseph and others
3/19. Backers: StarkWare successfully raised $261M from big investors and got $12M from Ethereum foundation’s Grant. StarkWare now is $8 billion valuation. @paradigm @sequoia @coinbase @ConsenSys @zhusu @PanteraCapital @multicoincap @naval @VitalikButerin
4/19. zkSTARKs are novel cryptographic proofs invented by StarkWare.
#zk: protecting user’s privacy.
#S: scalable and post-quantum secure.
#Transparent: public randomness, no trusted setup.
#ARK: off-chain prover calculates & generates Stark proofs
5/19. Instead of computing proofs on Ethereum blockchain, #zkSTARKs allow blockchains to move computations to a single off-chain STARK prover and then verify the integrity of those computations using an on-chain STARK Verifier.
6/19. What is Cairo? Cairo is a language for scaling dApps using STARKs. A Turing-complete language making it possible for all blockchain developers to harness the power of STARKs.
7/19. SHARP (shared prover) technology allows separate applications to combine their batches of transactions into a single proof, to share the gas cost of verifying the proof on L1.
8/19. txs is executed by Dapps -> send to a computational/sequencer service -> batches txs -> sends the batch to SHARP (generate a Stark proof) -> sends the STARK proof to the Verifier -> The service then sends an on-chain state update tx to the Contract, which will be accepted only if the verifier finds the proof valid.
9/19. Dev tools: Starkware is also developing other things: ethSTARK, Ziggy, VeeDo. and many partners who provide tools for devs @equilibrium_co @nethermindeth @shard_labs @InsightsFlow @OpenZeppelin @topology_gg
10/19: AUDIT: There are some assigned auditing services giving their hands to support projects in need of Starknet contracts audit @peckshield @chain_security @ConsenSysAudits @nethermindeth @OpenZeppelin #ABDK
Part 2: StarkWare Ecosystem
11/19. StarkEx is the first product, and it is a permissioned scaling engine that runs over Ethereum. Just special purpose use cases. Ex payment, trade, swap, perp, minting NFT... that are very specific functionalities. You can see @deversifi, @dYdX, @Immutable, @Sorare
12/19. StarkEx launched mainnet from June, 2021. Now is V4.5 that supports Volition. StarkEx reaches >$1B TLV, ~173M total txs, >$602B cumulative trading, 65.2M NFT’s minted. (Update 2022/5/25)
13/19. StarkNet is a permissionless decentralized zk-rollup (actuality is Validity-Rollup), enabling any dApp to achieve unlimited scale for its computation - without compromising Ethereum’s composability & security. So anyone can write any kind of logic for any purpose they want.
14/19. StarkNet launched Alpha mainnet from Nov 2021. Now StarkNet Alpha 0.9.0 – Live on mainnet. And there is a rapidly increasing number of protocols built on StarkNet (update 2022/6/9)
You can see all legos in this thread
Don’t forget #skininthegame native projects on StarkNet
15/19. Starkware just introduced fractal scaling, which implies Starknet layer 2 breaks into two levels to utilize Layer 1 Ethereum security, improve privacy, and become hyper scalable. Starknet's application-specific Layer 3 reduces costs by about 1,000,000x over Layer 1.
16/19. Roadmap
Foundations: The STARK software stack.
Planets: Single-App Rollups - Write and prove any business logic using StarkNet Contracts.
Constellations: Multi-App Rollups - Multiple SN Contracts with a single composable state.
Universe: Full decentralized SN.
17/19. Bridge
StarkGate: The StarkNet #ETH & #DAI Bridge is live on http://starkgate.starknet.io
You can also bridge #ETH directly and instantly from your #CEX to StarkNet through @layerswap
You also can run your StarkNet Node https://mirror.xyz/dzupp.eth/8HfjYCkbid2vlayxyPtSD9_wtb9a-wHb1uOENsAOwng
18/19. Compare to others
19/19. Conclusion:
StarkWare is one of the strongest internal force projects, which is partly demonstrated when it is valued at $8B.
StarkNet will solve the blockchain trilemma problem by scaling and decentralizing based on the secure of Ethereum.
And we're waiting for the explosion of StarkNet in the near future.