Ethereum (ETH) ZKrollups Roll Out!

Ethereum (ETH) ZKrollups Roll Out!

By Michael @ CryptoEQ | CryptoEQ | 6 Dec 2021


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StarkWare’s StarkNet Alpha launched last week. StarkWare is the leading ZK-Rollup company that pioneered zero-knowledge-based rollups in 2018, launched StarkEx in 2020, and recently released StarkNet in November 2021. StarkEx is a ZK-Rollup, launched in 2020, with more limited functionality than StarkNet. StarkEx supports the ability for smart contracts to run any arbitrary logic for specific use cases like trading and NFTs. Applications can deploy on StarkEx and harness the scalability of ZK-Rollups. As of Q4 2021, StarkEx has processed ~45 million transactions and a cumulative trading volume of ~$200 billion across the four protocols it hosts—dYdX, ImmutableX, DeversiFi, and Sorare.

StarkNet is StarkWare’s next iteration of a ZK-Rollup and is the first ZK-Rollup to feature general smart contracts on a fully composable network. Composability refers to the ability for applications to coordinate, build on top of one another, and interconnect—something for which StarkEx is not designed. 

StarkNet is a permissionless decentralized Rollup operating as an L2 network over Ethereum. StarkNet allows any dApp to achieve unlimited scale for its computation, without compromising Ethereum’s composability and security, thanks to its reliance on the safest and most scalable cryptographic proof system — STARK

Among other features, StarkNet Alpha enables general computation smart contracts that support composability, both with other StarkNet contracts and via L1<>L2 messaging with L1 contracts. StarkNet Alpha operates in a Rollup mode, meaning all the state diff data is sent on-chain.

 

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Source: Delphi Digital

 

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Michael @ CryptoEQ
Michael @ CryptoEQ

I am a Co-Founder and Lead Analyst at CryptoEQ


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