StarkNet Project Overview
StarkNet is a decentralized Validity-Rollup (also known as “ZK-Rollup”) without permissions. It operates as a L2 network over Ethereum, allowing any dApp to achieve unlimited scale for its computation — without compromising Ethereum’s composite and security, thanks to the fact that StarkNet relies on the most secure and scalable cryptographic proof-of-concept system — STARK.
StarkNet contracts and the StarkNet OS are written in Cairo, ensuring that any use case can be deployed and scaled, regardless of the business logic.
- Scalability and Integrity. StarkNet supports scalability while maintaining L1 Ethereum security by creating STARK proofs outside the network and then verifying those proofs on the network;
- General purpose. In StarkNet, developers can easily deploy any business logic using StarkNet Contracts;
- Componentability. StarkNet provides Ethereum-level compatibility, which makes it easy to develop and innovate.
StarkNet uses STARK credibility proofs. It’s worth noting that extracting information from a proof is extremely difficult — almost impossible.
Various privacy protocols can be deployed on StarkNet to ensure complete privacy from all network participants. Since such protocols typically require a lot of computation, they would greatly benefit from StarkNet’s scalability.
The project has its own $STARKNET token, which is required to manage, maintain and protect the ecosystem, define its values and strategic goals, and manage its development. This token is required to manage, pay transaction fees to StarkNet, and participate in the StarkNet consensus mechanism.