Key Points:
Read more: Top 5 DeFi Projects On StarkNet
According to the Starknet roadmap, the key among the updates is the integration of parallel execution in v0.13.2, slated for the second quarter. This feature will revolutionize transaction processing, allowing simultaneous execution of multiple transactions and replacing the current sequential execution model.
The forthcoming update in the second quarter will introduce parallel transaction functionality, enabling Starknet to process concurrent independent transactions, thereby boosting network throughput and expediting block finality.
Moreover, Starknet aims to further alleviate network fees with version 0.14.0, anticipated by year-end. The Starknet roadmap said that this update will prioritize three data availability-focused upgrades, depending on the ramifications of EIP-4844 and protocol enhancements.
Volition will facilitate hybrid data availability on Starknet, while recursion will enable developers to batch store data storage proofs of multiple Starknet blocks onto Ethereum, curbing L1 costs and gas fees. Data availability compression, in development, will reduce Starknet’s data footprint on Ethereum.
Recent developments include Starknet’s support for EIP-4844, part of Ethereum’s Dencun upgrade, and the rollup protocol’s block size expansion and fee reduction by approximately 25% with Starknet v0.13.0 earlier this year. This led to a significant drop in average fees for a swap on Starknet, reported by wallet provider Argent to be as low as $0.04 post-Dencun upgrade.
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. |
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Willemstad, Curaçao, 4th November 2024, Chainwire
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