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Home Ethereum

StarkWare Says It Will Launch Layer 3 on Ethereum

by Crypto News
December 21, 2021
in Ethereum
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StarkWare Says It Will Launch Layer 3 on Ethereum
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Key Takeaways

  • StarkWare has introduced deliberate Layer 3 blockchains to broaden its infrastructure scalability.
  • The group mentioned StarkEx, which powers dYdX and Immutable, can be ported to Layer 3. 
  • StarkWare’s Layer 3s together with StarkEx will function on its major Layer 2, StarkNet.

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

Layer 3s to Increase StarkWare’s Scalability Infrastructure

StarkWare, a well-liked scalability options supplier on Ethereum, is planning Layer 3 chains. It has revealed plans to launch a further 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 high of its foremost Layer 2 StarkNet, Layer 3s will present “hyperscalability” and additional drive down Ethereum gasoline prices.

The StarkWare group can be mulling the potential of a further Layer 4 for quadratic scalability, ought to or not it’s deemed crucial.

Because of a renewed structure, StarkEx, its in style product that powers dApps similar 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 high of StarkNet.

Gidi Kaempfer, the top 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.”

starkware
Supply: StarkWare

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

The group claims that its Layer 3 will make transactions roughly a million occasions cheaper 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 group 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 creator of this piece owned ETH and different cryptocurrencies.

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