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StarkNet Announces First DApp Deployment On Ethereum Mainnet In November

Reports said that StarkNet, the layer-2 (L2) scaling solution established by Ethereum protocol StarkWare, has announced that the first few decentralized apps (DApps) built on the platform have been deployed since it launched on the Ethereum Mainnet in November.

It has been reported that now that the StarkWare team has developed all of the infrastructure needed for DApps to deploy, the company shared the nine projects listed by zkRollups, a digital directory for the zero-knowledge ecosystem, in a Twitter thread.

However, the list ranges from decentralized finance (DeFi) to nonfungible tokens (NFTs) and gaming applications. StarkNet is a permissionless validity rollup, or zero-knowledge Rollup, that uses basic compression technology to boost the production and security benefits of Ethereum layer 1.

The report said that the company prides itself in its products' ability to provide "rock-bottom" gas fees, transactions costs, and "limitless" scaling potential.

Uri Kolodny and Eli Ben-Sasson, the co-founders of StarkWare, said:

"If you compare WeChat and WhatsApp and Facebook, they're used by hundreds of millions of billions of people. There is nothing in crypto today that serves billions of people. And part of the reason is the limited scale."

Likewise, Kolodny then drew a comparison between the skyscrapers in Manhattan that allowed for greater population growth to StarkNet's potential to do the same for Ethereum's user base.

He added that L2 technologies, like StarkNet, will be "crucial" in serving a "massive anticipated rise" in blockchain use. Ben-Sasson added that the StarkNet platform is like "the missing link in tech evolution which makes blockchain usable for everything" and will ultimately "propel us to a Web3 reality." The founders noted that they expect StarkNet to be fully decentralized within the next year.

Thus, recently, StarkWare raised $50 million in a Series C funding round that brought the firm’s valuation to $2 billion. On Wednesday, Opera web browser announced its integration with Ethereum L exchange DeversiFi, which is powered by Starkware and aims to provide cost and time-efficient transactions within the mobile browser wallet.

Source: Cointelegraph



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