DEX Uniswap Has Been Warped Onto The Ethereum Layer 2 Network StarkNet
Nethermind, an Ethereum development company, has warped the decentralized exchange Uniswap on the Ethereum Layer 2 network StarkNet.
The idea is that this will make a version of Uniswap, albeit unconnected with the exchange, available to StarkNet users. In theory, this should make it cheaper for Ethereum users to transfer tokens if they utilize StarkNet because the network charges lower costs than the main Ethereum blockchain.
According to Nethermind team lead Jorik Schellekens in a blog post, the plugin is still under development and further testing is planned.
It’s difficult to transfer Ethereum applications to StarkNet since the former utilizes the Solidity coding language while the latter uses Cairo. As a result, the code must be translated to work in the new language.
Schellekens said:
“Warp is not about to stop with Uniswap! We will continue working hard on features and repeat this experiment with a few other protocols, bringing new protocols to StarkNet at warp speed.”
The main goal of Nethermind’s Warp project is to migrate Ethereum apps to StarkNet. Some of StarkNet’s recent developments, according to Schellekens, have enabled the Warp project to take on more complex applications, beginning with Uniswap. He observed that by warping a project as large as Uniswap, Warp itself is maturing, decreasing the barrier to entry for future projects interested in testing out StarkNet.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Author
DeFi
DEX Uniswap Has Been Warped Onto The Ethereum Layer 2 Network StarkNet
Nethermind, an Ethereum development company, has warped the decentralized exchange Uniswap on the Ethereum Layer 2 network StarkNet.
The idea is that this will make a version of Uniswap, albeit unconnected with the exchange, available to StarkNet users. In theory, this should make it cheaper for Ethereum users to transfer tokens if they utilize StarkNet because the network charges lower costs than the main Ethereum blockchain.
According to Nethermind team lead Jorik Schellekens in a blog post, the plugin is still under development and further testing is planned.
It’s difficult to transfer Ethereum applications to StarkNet since the former utilizes the Solidity coding language while the latter uses Cairo. As a result, the code must be translated to work in the new language.
Schellekens said:
“Warp is not about to stop with Uniswap! We will continue working hard on features and repeat this experiment with a few other protocols, bringing new protocols to StarkNet at warp speed.”
The main goal of Nethermind’s Warp project is to migrate Ethereum apps to StarkNet. Some of StarkNet’s recent developments, according to Schellekens, have enabled the Warp project to take on more complex applications, beginning with Uniswap. He observed that by warping a project as large as Uniswap, Warp itself is maturing, decreasing the barrier to entry for future projects interested in testing out StarkNet.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Other Posts
Related Posts
Latest
New York Techie Bagged $72M from $15K Investment in Ethereum — Here’s How BlockDAG Can Offer Similar Jackpot
Press Release
New York Techie Bagged $72M from $15K Investment in Ethereum — Here’s How BlockDAG Can Offer Similar Jackpot
Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B
