It’s not uncommon to see developments aimed at scaling and improving the performance of prominent blockchain networks in the crypto space. One such example is the Ethereum scaling solution, StarkNet, operated by Israel-based firm, StarkWare. Excitingly, Starknet has test-launched its layer-2 network, StarkNet Quantum Leap, with the full version scheduled to roll out around July 13, if supported by community votes.
Unsurprisingly, the network upgrade focuses on performance and enhancement of throughput, converting it to an “unparalleled” factor within the Ethereum ecosystem. On this front, it’s remarkable to note that throughput has accelerated nearly tenfold; from an average of 30,000 Cairo steps per second (CSPS) in the previous version to a remarkable 220,000 CSPS in Quantum Leap – a leap indeed!
This surge in performance, according to the firm, is an outcome of targeted optimizations buttressing the efficiency of the StarkNet Sequencer, with technical contributions from Cairo-rs, Blockifier, and Papyrus.
Sure, higher throughput often indicates faster transaction processing, but this often compromises the network’s decentralization. However, for decentralized finance (DeFi) applications, high throughput is a necessity to create user-friendly applications resembling traditional centralized ones.
StarkNet’s new upgrade could possibly revolutionise transaction statuses too. It plans to do away with the “PENDING” status and substitutes it with an “ACCEPTED_ON_L2″ status, a move that according to StarkWare symbolises the “finality status of transactions.”
Placing its corporate vision under the microscope, StarkWare is honing its focus on user experience and reliability enhancement for transactions. In line with this aspiration, the next version claims to bring forward such improvements like including failed transactions in blocks for fee charging.
StarkWare’s subsequent priority is to potentially undercut transaction costs, an idea that isn’t unusual in the ever-evolving blockchain sphere.
More precisely, StarkNet is a “ZK-Rollup” solution operating as a layer on top of the Ethereum terrain, serving faster and economical transactions, primarily appealing to DeFi users. The sphere thus waits in anticipation of what revolutionary roll-outs StarkNet might bring forth under the able guidance of StarkWare.
Source: Cryptonews
