Live Chat

Crypto News

Cryptocurrency News 6 months ago
ENTRESRUARPTDEFRZHHIIT

Madara Networks on Starknet to Utilize Avail for Increased Data Availability and Cost Reduction

Algoine News
Summary:
Madara networks based on Starknet now have access to Avail, a tool for data availability, as per the recent announcement. This feature could cut data publication costs by up to 90% compared to Ethereum, without needing a permissioned solution. Networks can select Avail over a Data Availability Committee (DAC) for storing compressed data, favoring those who prefer a decentralized solution. Avail is one of numerous blockchain networks focusing on data availability, with Celestia, recently integrated with Polygon CDK, being another.
As announced on Dec. 20, Madara networks built on Starknet will now have access to Avail, a solution for data availability. The recently introduced feature promises a cost reduction of up to 90% in data publication for these "layer 3" networks, compared to using Ethereum, without the need for a permissioned solution. Starknet, an Ethereum layer 2 chain, receives zero-knowledge validity proofs from Madara networks, frequently referred to as "Layer 3s". The latter makes use of a common, inherently decentralized sequencer to ensure uncensorable transactions. Networks like Mangata Finance, Kakachain, Tobi and Alakazam custom craft Madara chains for specific applications. Avail, designed for the Ethereum ecosystem, primarily deals with data availability. If an Ethereum layer-2 chain employs Avail for data availability, it dispatches validity proofs to Ethereum, while retaining the compressed transaction data on Avail. This setup brings down transaction costs, but necessitates Avail’s constant operation to manage deposits and withdrawals. This is typically referred to as a “validum”. Previously, Madara networks could decide to utilize a Data Availability Committee (DAC) for data availability rather than Ethereum, to keep transaction costs low. However, this new partnership gives Madara networks the choice to pick Avail over a DAC for storing compressed data, an attractive prospect for networks seeking decentralization. Avail, en route to supporting 1,000 external validators, will provide the platform for developers to transfer transaction data. Although DACs originated in the foundational days of zero-knowledge proof technology, some experts suggest a move away from them in the long term. Daniel Goldman, an engineer from Offchain Labs, opined that DACs could potentially provide room for a malicious cohort to indefinitely block all funds on the chain. Avail was initially developed by Polygon Labs in 2021 before becoming a standalone project. Other than Avail, Celestia, which recently partnered with Polygon CDK, is another example of a blockchain network committed to data availability.

Published At

12/20/2023 10:03:18 PM

Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.

Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal? We appreciate your report.

Report

Fill up form below please

🚀 Algoine is in Public Beta! 🌐 We're working hard to perfect the platform, but please note that unforeseen glitches may arise during the testing stages. Your understanding and patience are appreciated. Explore at your own risk, and thank you for being part of our journey to redefine the Algo-Trading! 💡 #AlgoineBetaLaunch