Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
StarkWare, a team focused on Ethereum scaling, successfully implemented the Quantum Leap upgrade for its StarkNet Layer 2 network on July 12. Throughout the public testnet phase, Quantum Leap consistently delivered a throughput of 37 transactions per second (TPS), with peak performance reaching 90 TPS. Additionally, transaction inclusion latency frequently dropped below 10 seconds, exceeding StarkWare’s goal of 15 seconds and meeting the standards of the Ethereum mainnet.
Uri Kolodny, co-founder and CEO of StarkWare, stated that the enhanced throughput and quicker transaction inclusion enabled by Quantum Leap will foster accelerated progress in various sectors. This encompasses faster decentralized finance (DeFi) applications, the development of high-quality triple-A games, and an increase in consumer services utilizing a Web3 technology stack.
After eight days of testnet operations and a governance proposal receiving an overwhelming 97.9% approval, the mainnet deployment of Quantum Leap marks a significant achievement for StarkNet.
Related Posts
StarkNet was established as a groundbreaking Layer 2 network employing zero-knowledge (ZK) proofs when its mainnet launched in late 2021. Zero-knowledge technology has gained traction among Ethereum’s leading scaling teams, with initiatives like zkSync, Polygon, and ConsenSys introducing “zkEVM” rollups in recent months. These rollups are Layer 2 solutions secured by zero-knowledge proofs and are compatible with code designed for Ethereum’s smart contract engine, the Ethereum Virtual Machine (EVM).
In contrast to its rivals, StarkNet is not EVM-compatible. This implies that dApp and protocol developers on Ethereum must recompile their code in Cairo, StarkNet’s native language, to deploy on the network.
Despite this difference, StarkWare seeks to draw developers to transition to its network by capitalizing on its remarkable throughput capabilities. StarkWare plans to introduce a validium in the near future, which will unlock additional scalability improvements of “an order of magnitude.” Validiums, akin to rollups, store the majority of transaction data off-chain, facilitating further scalability enhancements.
Currently, the Ethereum mainnet processes around 12 TPS daily, peaking at 22.4 in December, as reported by L2beat. In the realm of Layer 2 solutions, zkSync Era ranks second with 11.33 TPS, followed by Arbitrum One with 8.6 TPS. With the Quantum Leap upgrade, StarkNet aims to improve the scalability and performance of decentralized applications, further promoting the growth and adoption of the Ethereum ecosystem.
The post StarkWare Deploys Quantum Leap Upgrade, Enhancing Throughput on StarkNet Layer 2 Network appeared first on BitcoinWorld.
