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Starknet is a permissionless decentralised layer-2 rollup built on Ethereum, leveraging zk-STARKs (Zero-Knowledge Scalable Transparent Argument of Knowledge) technology to enhance scalability and reduce gas fees. Developed by StarkWare Industries, Starknet aims to preserve the security and decentralisation of the Ethereum network while enabling high throughput and low-cost transactions. By offloading computation and storage from the Ethereum mainnet, Starknet processes large volumes of transactions in batches and submits succinct validity proofs back to Ethereum, ensuring minimal on-chain verification costs. This scalability solution supports smart contracts and decentralised applications (dApps), fostering a more efficient and accessible Ethereum ecosystem. Starknet strives to empower developers and users alike by creating a seamless and scalable environment for the execution of complex dApps, without compromising on security or decentralisation.
