• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

StarkWare to Open Source Proprietary Prover

February 6, 2023
in Blockchain
Reading Time: 3min read
0 0
A A
0
StarkWare to Open Source Proprietary Prover
0
SHARES
11
VIEWS
ShareShareShareShareShare

The scaling solution for Ethereum’s layer 2 To far, StarkWare has processed 327 million transactions and coined 95 million nonfungible tokens (NFTs). StarkWare has announced intentions to open source their proprietary Starknet Prover under the Apache 2.0 licence. This will take place in the near future.

The prover is an essential piece of software that Starkware employs in order to wrap up hundreds of thousands of transactions and condense them into a brief cryptographic proof that is then recorded on the Ethereum blockchain.

“Here at Stark Industries, we consider the Prover to be the technological equivalent of a magic wand. “It does a fantastic job of generating the proofs that enable inconceivable scalability,” said Eli Ben-Sasson, president and co-founder of Starkware. “It allows unprecedented growth.”

Starkware has come under fire from the cryptocurrency community as well as solutions that compete with it, such as ZK Sync and Polygon, for the fact that it retains ownership of the intellectual property (IP) that underpins its technology. This runs counter to the open source and interoperable ethics that underpin blockchain technology.

By making the prover open source and releasing it under the Apache 2.0 licence, any other project or network, as well as producers of games or databases, will be allowed to utilise the technology, modify the code, and personalise it as they see fit. The technology didn’t become widely available until 2020, but ImmutableX, Sorare, and dYdX are already making use of it.

Avihu Levy, head of product at Starkware, was hesitant to commit to a time period for open-sourcing the prover but said that it will take place after the introduction of the token and the decentralisation of Starknet itself. Nevertheless, he acknowledged that it would be doable throughout this year.

Levy said that the choice to open source the prover demonstrated that Starkware was becoming more confidence in its technology. He also stated that it would allow projects to become more confident about using it as an essential component of their protocols.

“Within StarkEx, this is something that is sometimes referred to as vendor lock-up or lock-in. Therefore, the commitment to StarkEx was not merely a commercial commitment; rather, it was a commitment to the company’s technological development,” he stated.

“This is a clear indication that you will have everything at your disposal to operate it without relying on Starkware,” the speaker said.

Starkware’s programming language and EVM rival, Cairo 1.0, as well as Papyrus Full node, have both been open-sourced, and the company is now in the process of open-sourcing their newest sequencer.

The Starkware Sessions conference was kicked off on Sunday in Tel Aviv by Ben-Sasson. According to the event’s organisers, it is the biggest layer 2 conference that has been hosted up to this point.

Around 500 visitors and engineers were in attendance when he made the statement. “This is a watershed moment for scaling Ethereum,” he said. It will establish Stark technology as a public asset that can be put to use for the common welfare of all people, which is the proper position for it.

Credit: Source link

ShareTweetSendPinShare
Previous Post

AI Crypto Project Built on Ethereum Surges 175% in Seven Days As Artificial Intelligence Hype Intensifies

Next Post

While Shiba Inu Price Explodes, These 3 Altcoins Might See 10x Gains

Next Post
While Shiba Inu Price Explodes, These 3 Altcoins Might See 10x Gains

While Shiba Inu Price Explodes, These 3 Altcoins Might See 10x Gains

You might also like

XRP OI Z-Score Just Dropped To Levels Seen Before Its 600% Rally In 2024

XRP OI Z-Score Just Dropped To Levels Seen Before Its 600% Rally In 2024

April 28, 2026
David Schwartz Challenges $10,000 XRP Theory With A Question

David Schwartz Challenges $10,000 XRP Theory With A Question

May 1, 2026
Bitcoin Price Prediction: Florida’s Crypto Bill and $198B U.S. Surplus Boost Market Outlook

XRP NEWS: GraniteShares Just Delayed Its 3x XRP ETF for the Fifth Time: Is the SEC Blocking Leveraged Crypto Products?

April 26, 2026

Dogecoin Futures Open Interest Explodes As Leveraged Traders Pile In

April 30, 2026
IREN Doubles Down on AI Cloud Pivot as Bernstein Cuts Target but Keeps Top Pick Rating

IREN Doubles Down on AI Cloud Pivot as Bernstein Cuts Target but Keeps Top Pick Rating

April 29, 2026
BitMine Doubles Down on Ether Despite $6.5B Paper Loss

BitMine Doubles Down on Ether Despite $6.5B Paper Loss

April 28, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Bitcoin Spot CVD Surges 199% as Institutional Inflows Re-Accelerate

Bitcoin Spot CVD Surges 199% as Institutional Inflows Re-Accelerate

May 1, 2026
David Schwartz Challenges $10,000 XRP Theory With A Question

David Schwartz Challenges $10,000 XRP Theory With A Question

May 1, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.