StarkWare launches StarkEx 2.0 with scalability and composability upgrades
Starkware launches StarkEx 2.0 layer-2 scaling solution that could theoretically be used for Bitcoin applications in the future.
On December 2, 2020, StarkWare launches StarkEx 2.0 with scalability and composability upgrades. Starkware launches StarkEx 2.0 layer-2 scaling solution that could theoretically be used for Bitcoin applications in the future.
While StarkEx was initially deployed for Ethereum applications, the underlying technology could theoretically be adapted for Bitcoin scaling solutions in the future, making it relevant to Bitcoin's long-term scalability roadmap even though it wasn't being used for Bitcoin in 2020. Zero-knowledge proof technology represented one potential approach to solving blockchain scalability challenges.
Rather than requiring all network nodes to process and verify every transaction, zero-knowledge proofs allowed many transactions to be processed off-chain with cryptographic proofs posted on-chain that verified the correctness of those transactions without revealing all the details. This approach could dramatically increase throughput—potentially thousands or tens of thousands of transactions per second—while maintaining the security properties of the underlying blockchain.