STRK

StarkNet is a decentralized Layer 2 scaling solution developed by StarkWare, utilizing zk-STARK technology to provide scalable and secure blockchain transactions on Ethereum. It aims to massively increase the network's throughput while preserving privacy and reducing gas costs, making Ethereum transactions faster and more cost-effective.

StarkNet operates as a permissionless decentralized ZK-Rollup, allowing developers to build scalable dApps with general computation capabilities similar to Ethereum but at a fraction of the cost. This is achieved without compromising on security or custody, as transactions remain verifiable through zero-knowledge proofs.

By enhancing Ethereums scalability and efficiency, StarkNet addresses key challenges in blockchain usability and fosters broader adoption of decentralized applications. It empowers developers with powerful tools to innovate within the ecosystem while providing users with smoother and more affordable interactions.