StarkNet, the layer 2 scaling solution established by the Ethereum StarkWare protocol, announced that the first decentralized applications, or dApps, built on the platform have been deployed since its launch on the Ethereum Mainnet in November.
Now that the Starkware team has developed all the necessary infrastructure to implement the dApps, the company shared the nine projects listed by zkRollups, a digital directory for the zero-knowledge ecosystem, in a Twitter thread. The list ranges from decentralized finance (DeFi) to non-fungible tokens (NFT) and gaming apps.
Here are the latest projects we have listed – all building on StarkNet ✨ from @StarkWareLtd https://t.co/y55wb8p8nb️
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— zkRollups.xyz (@zkRollupsXYZ) February 22, 2022
StarkNet is a permissionless validity rollup, or zero-knowledge rollup, that uses core compression technology to drive the production and security benefits of Ethereum’s layer 1. The company prides itself on the ability of its products to provide “very low” gas fees and transactions, costs, and “unlimited” scaling potential.
Cointelegraph spoke with StarkWare co-founders Uri Kolodny and Eli Ben-Sasson. Ben-Sasson talks about the crucial step that is missing to bring cryptocurrencies into the mainstream:
“If you compare WeChat, WhatsApp and Facebook, they are 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 limited scaling.”
Kolodny then made a comparison between the skyscrapers in Manhattan that allowed for greater population growth with respect to the potential for StarkNet to do the same for the Ethereum user base. He added that Layer 2 technologies such as StarkNet will be “crucial” in addressing an “anticipated massive increase” in blockchain use.
Ben-Sasson added that the StarkNet platform is like “the missing link in the technological evolution that makes blockchain usable for everything” and will ultimately “propel us into a Web3 reality.”
The founders noted that they expect StarkNet to be fully decentralized within the next year. Recently, StarkWare raised $50 million in a Series C funding round that raised the company’s valuation to $2 billion.
On Wednesday, the Opera web browser announced its integration with the Ethereum DeversiFi Layer 2 exchange, which is powered by Starkware and aims to provide profitable and time-efficient transactions within the mobile browser wallet.
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