StarkNet is a decentralized Layer 2 scaling solution for Ethereum, utilizing zk-rollups technology to enhance Ethereum's scalability without compromising its core principles of decentralization, security, and transparency. It allows for the deployment of smart contracts written in the Cairo programming language, providing developers with powerful tools to build sophisticated dApps while ensuring computational integrity and privacy through STARK technology.
The ecosystem of StarkNet is characterized by its use of STARK technology, which efficiently and transparently verifies the integrity of computational data, enabling StarkNet to scale exponentially. The Cairo programming language, developed specifically for StarkNet, facilitates the easy and secure development, review, and deployment of code on the network.
StarkNet was founded by a team of experienced engineers and researchers in the blockchain field, including Eli Ben-Sasson, Uri Kolodny, Michael Riabzev, and Alessandro Chiesa. It has attracted significant investment from the crypto community and established partnerships within the ecosystem. The StarkNet token plays a crucial role in the network's operation and security, being used for governance, payment of transaction fees, and participation in the consensus mechanism.
