Starknet, the Ethereum L2 network, outlines the network’s decentralization plans and goals.

Starknet, the Ethereum L2 network, has outlined plans to improve the decentralization of three key components of its solution. zero-knowledge (ZK) proof rollup

Ilia Volokh, Starknet Product Manager and Blockchain Researcher The interview highlighted the company’s intention to address some of the centralized elements of the protocol. The goal is to prevent censorship. and make the system even more robust.

Starknet operates a validity rollup using ZK-proof technology to aggregate transactions, with cryptographic proofs sent to Ethereum to achieve secure and final layer 2 transactions.

According to Volokh, the Starknet protocol still depends on StarkWare to create L2 blocks, computing proofs, and initiate Layer 1 state updates to the Ethereum blockchain.

“In this sense, the network’s functioning will be temporarily centralized until it is fully decentralized. This isn’t necessarily a bad thing, even though Starkware operates the network. But it cannot steal money and cannot change its invalid status. This is because verification needs to be performed on Ethereum,” Volokh explained.

Volokh added that The protocol is “100% honest” and transactions or data cannot be forged. This is because Ethereum’s layer 1 blockchain acts as a filter.

Decentralizing the various components of the Starknet system has varying degrees of difficulty. This includes decentralizing block production through consensus protocols, decentralizing the proving layer which is responsible for proving computations for blocks, and decentralizing the L1 state update process.

“We want to emphasize that individual decentralization is important. Because as long as even one of them is centralized You will still not succeed,” Volokh added.

“As far as we know We were the first group to come out with a fairly complete and concrete solution,” Volokh said.

Volokh added that Starknet is still in the process of finalizing testing and implementing these decentralized mechanisms across the network. This is likely to be done through an interconnected testnet to test the concurrency of various components.

refer : cointelegraph.com
picture rocketboys.medium.com

The post Starknet, the Ethereum L2 network, outlines its decentralized plans and goals appeared first on Bitcoin Addict.

source site