StarkWare Unveils Stwo, an Open-source Prover Leveraging ZK-Technology to Reduce Transaction Costs
Summary:
StarkWare has introduced Stwo, an open-source, zero-knowledge (ZK) technology-based prover designed to optimize proving latency and decrease transaction costs. The new tool will improve Ethereum's scaling by generating cryptographic proofs efficiently, thus reducing user fees. StarkWare's Starknet ZK-rollup, currently the fourth-largest layer 2, may provide broader benefits including reduced latency and processing costs. Interest in ZK-proof methods that maintain privacy is increasing, as demonstrated by innovations like the Humanity Protocol's palm recognition technology.
StarkWare has unveiled Stwo, an open-source prover employing zero-knowledge (ZK) technology intended to enhance proving latency while lowering transaction costs for users. Starknet necessitates a prover for the compression of transactions by producing cryptographic proofs. The speedier generation of proofs by Stwo will decrease StarkWare's processing expenditures, ultimately providing users with lower fees, as conveyed in a press release on February 29 shared with Cointelegraph.
Oren Katz, StarkWare's COO, expressed that the innovative Stwo would facilitate new potentials for the protocol. He stated that Stwo would aid in scaling and being open-sourced from the outset, would be accessible to all.
Everyone will have the ability to operate the prover and its open-sourced codebase, which will appeal to developers eager to execute Stark-based systems. As Stwo's benefits become apparent over time, Starknet and Starknet app chains will automatically garner advantages like reduced latency, processing costs, and ultimately end user costs.
Katz referred to the prover as the miraculous force behind STARK technology, central to Ethereum's scaling. He added that the inclusion of Circle STARK in Stwo would turbocharge Ethereum's scaling through more proficient proof generation.
Zero-knowledge proofs (ZK-proofs) are cryptographic methods permitting users to substantiate specific data with other users without exposing the information itself. According to L2Beat's data, StarkWare's Starknet ZK-rollup is currently the fourth largest layer 2, with a total value locked at $1.33 billion, making it the largest ZK rollup by TVL, with zkSync Era trailing at $868 million TVL.
They affirmed that the Starknet stack would eventually be fully open-sourced, demonstrating their vision for a decentralized, permissionless layer-2 blockchain network.
Technology built on ZK-proofs that preserve privacy has piqued significant interest. On February 20, the Animoca-backed Humanity Protocol initiated a ZKP-powered palm recognition technology for Web3 identity verification, intended as a less invasive biometric verification method compared to iris scans. On February 28, Humanity Protocol was funded by over 20 venture capital firms, with companies such as Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital contributing.
Published At
3/1/2024 2:35:00 AM
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