StarkWare Blockchain To Solve Ethereum’s Long-Term Issues

StarkWare revealed plans to open source its core cryptographic software tool
Ethereum’s scalability will be addressed by the solution developed by StarkWare of Israel
StarkWare provides the technology to developers creating decentralized applications (dapps)

StarkWare, a developer of blockchain scaling technology valued at $8 billion, revealed plans to open source its core cryptographic software tool.

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StarkWare is dedicated to making the complete tech stack transparent to developers. However, it will take time to implement the company’s ambition to open source.

Ethereum’s scalability concerns, which result in poor throughput and excessive gas or transaction fees, are addressed by the solution developed by StarkWare of Israel.

The company offers two platforms: the StarkEx scaling engine and StarkNet, which provides the technology to developers creating decentralized applications (dapps). StarkWare intends to make the STARK Prover technology that powers these projects open source.

StarkWare stated,

We are excited to announce the Starknet Prover will be open-sourced, available under Apache 2.0. Open-sourcing the Starknet Prover will take place right before Starknet will be ready for full decentralization. This way, the Starknet stack will be fully open-sourced, as is appropriate for a decentralized, permissionless Layer 2 network.

In other news, Bitcoin enters a new paradigm and a technical Golden cross. So far, in 2023, the price of BTC has increased by around 43%, indicating that the market is moving extremely rapidly. With a Market-Rating-to-Realized-Ratio (MVRV) value of 1.19, it shouldn’t be too challenging for bitcoin to reach its fair price of $40,000 by the end of the year.

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José Gustavo

José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.