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News

Layer 3 on Starknet Is In Development For Soon Launch

June 13, 2024 - Around 2 mins mins to read

Key Points:

  • StarkWare will introduce Layer 3 on StarkNet this year with support from technologies like Rollup and Validium.
  • Layer 3 offers significant cost reductions, estimated to be a million times less expensive than Layer 1 transactions while inheriting security from underlying blockchains.
StarkWare has unveiled new advancements in blockchain technology with the introduction of Layer 3 on StarkNet, aimed at revolutionizing decentralized application (dApp) development.
Layer 3 on Starknet Is In Development For Soon Launch

StarkWare Unveils Layer 3 on StarkNet

This latest layer, poised to launch on StarkNet, promises substantial cost reductions and enhanced customization capabilities compared to previous solutions. It makes it an attractive option for projects seeking to optimize efficiency without compromising security.

Layer 3 on StarkNet acts as a specialized blockchain layer tailored precisely to the unique requirements of individual applications. Offering modularity and flexibility, developers can customize various aspects, including hash functions and consensus algorithms, while inheriting the robust security features from underlying Layer 1 or Layer 2 blockchains.

Madara, a framework integral to StarkNet, simplifies the development of modular app chains within Layer 3. By leveraging StarkNet’s scalability and security advantages, developers can design specialized blockchains tailored to specific dApp requirements. This approach not only enhances scalability but also opens doors for deploying dApps as sovereign state machines secured by Ethereum.

Rollup and Validium Technologies on StarkNet

Moreover, Layer 3 on StarkNet supports a variety of expansion technologies such as Rollup and Validium, catering to diverse project needs and development team preferences.

With StarkWare‘s continued commitment to advancing blockchain technology, Layer 3 on StarkNet represents a significant milestone in enhancing blockchain scalability and customization, setting a new standard for application-specific blockchain development on decentralized networks.

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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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.