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Home Ethereum

StarkWare Says It Will Launch Layer 3 on Ethereum

12/21/2021
in Ethereum
StarkWare Says It Will Launch Layer 3 on Ethereum
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Key Takeaways

  • StarkWare has introduced deliberate Layer 3 blockchains to develop its infrastructure scalability.
  • The staff stated StarkEx, which powers dYdX and Immutable, might be ported to Layer 3. 
  • StarkWare’s Layer 3s together with StarkEx will function on its main Layer 2, StarkNet.

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StarkWare, a agency aiming to scale Ethereum utilizing Zero-Information Rollups, has revealed that it’s already planning Layer 3 chains.

Layer 3s to Increase StarkWare’s Scalability Infrastructure

StarkWare, a preferred scalability options supplier on Ethereum, is planning Layer 3 chains. It has revealed plans to launch an extra off-chain computation layer on the prevailing Layer 2 community often called StarkNet.

In a Tuesday blog post, StarkWare introduced that Layer 3 chains will additional enhance the scalability of its blockchain infrastructure. Constructing on prime of its principal Layer 2 StarkNet, Layer 3s will present “hyperscalability” and additional drive down Ethereum fuel prices.

The StarkWare staff can also be mulling the potential of an extra Layer 4 for quadratic scalability, ought to or not it’s deemed essential.

Because of a renewed structure, StarkEx, its common product that powers dApps corresponding to dYdX, Immutable, and DeversiFi, is planning a transfer to Layer 3. As a Layer 3, StarkEx will draw safety from Ethereum by sitting on prime of StarkNet.

Gidi Kaempfer, the pinnacle of core engineering at StarkWare, writes that the revamped structure for sure purposes will meet the wants of “particular tailoring which will higher be served by a brand new and separate layer.”

The StarkWare staff defined its Ethereum ecosystem might be led by StarkNet. Serving as Layer 2, StarkNet will validate a number of Layer 3s, every devoted to varied use instances.

The staff claims that its Layer 3 will make transactions roughly a million instances inexpensive than Ethereum’s Layer 1. This fashion, StarkWare will possess the flexibility to assist high-throughput apps like video games and social media.

Explaining how its Layer 3 will function, Kaempfer defined that the staff would deploy a “verifier good contract” on Layer 3s. Working with StarkWare’s Validium proofs, the verifier contract will make sure the sanctity of knowledge is maintained from Layer 1 to Layer 3.

StarkWare is the primary amongst all of the notable Layer 2 options to announce a deliberate transfer to Layer 3s. In Nov. 2021, StarkWare raised $50 million in a Collection C funding spherical at a $2 billion valuation.

Disclosure: On the time of writing, the writer of this piece owned ETH and different cryptocurrencies.

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