Starknet, the Ethereum Layer 2 network, is preparing to roll out an upgrade this month. to increase the capacity of transactions per second
We are breaking records!
The Starknet Quantum Leap will achieve unparalleled TPS rates on Ethereum.
Starknet alpha v0.12.0 is now turbocharging Testnet!
Witness a 10X surge in throughput, powered by Rust, enabled by @class_lambda https://t.co/Gp8GJKA6RD
— Starknet
(@Starknet) July 5, 2023
The “Quantum Leap” upgrade on July 13 aims to raise the network’s transaction rate to “Hundreds of items” per second, this would be a significant increase from the current level. According to the team at StarkWare, the main network sponsor,
StarkWare co-founder Eli Ben-Sasson said: “Starknet’s new version of Quantum Leap is, as the name suggests, a TPS leap that has yet to be achieved in the Ethereum ecosystem.”
Starknet is a decentralized Layer 2 network. It uses a solution hosted in the Zero Knowledge roll-up, which minimizes multiple transactions in the off-chain layer and publishes them simultaneously on the Ethereum network.
Increase Ethereum Scalability with Starknet
Although this upgrade may put Starknet above the TPS leaderboard for Ethereum Layer 2 scaling solutions, according to StarkWare, this is expected to help scale DeFi applications and games by facilitating Faster transactions and higher throughput for users
Starknet’s roadmap includes plans for version 13.0 later this year, which aims to reduce transaction costs. At the same time, version 14 introduces a system where developers can pay extra to prioritize transactions. This will create a market for block space on Layer 2 networks.
Ben-Sasson adds that a major focus for future Starknet networks will be leveraging account abstraction. For signing crypto transactions and restoring wallets.
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