100x Lower Than L1 Fees — Alchemy Integrates Ethereum L2 Product Starknet to Increase Web3 Scalability – Defi Bitcoin News - BitcoinEthereumNews.com
According to the startup Starkware, the team‘s Ethereum layer two (L2) service Starknet has been integrated by the blockchain API and node service Alchemy. Developers can now leverage Alchemy’s infrastructure tools alongside Starknets zero-knowledge (ZK) rollup technology. Israel-Based Startup Starkware Partners With Alchemy On Monday, the blockchain startup Starkware anounced the team has inked a strategic partnership with Alchemy. The partnership will allow Alchemy customers to build decentralized finance (defi) and Web3 applications using Starknet, Starkwares Ethereum layer two (L2) service. Essentially, Alchemy is a blockchain infrastructure firm that provides node services and blockchain APIs to clients. For instance, Alchemys Supernode provides API call data for networks like Ethereum, Polygon, Arbitrum, Optimism, and Flow. स्टार्कवेयर प्रकट the Alchemy collaboration on Twitter and further टिप्पणी की that Alchemys suite of products will “make it easier and more accessible for the growing number of developers to build on Starknet.” The L2 product Starknet‘s rollups use ZK-based computations that utilize validity proofs and the project claims Starknet gas fees are “100x lower” than layer one (L1) Ethereum fees. The defi perpetuals and derivatives protocol Dydx leverages ZK-based rollup tech that is similar to Starknet’s underlying framework. “We‘re excited about supporting Starknet because we believe that Starknet’s utilization of validity