Ethereum News by Thebittimes.Com

Starknet has laid out its road map to begin decentralizing core components of its Ethereum layer 2 scaling network to defend against censorship and improve robustness. Ethereum layer 2 scaling network Starknet has outlined plans to improve the de central ization of three core components of its zero-knowledge proof rollup solution (ZK-rollup). Speaking exclusively to Cointelegraph, Starknet product manager and blockchain researcher Ilia Volokh outlined the firm's intent to address certain centralized elements of its protocol aimed at defending against censorship and making its system more robust. Starknet operates as a validity rollup using zero-knowledge proof technology to bundle transactions into rollups, with cryptographic proofs submitted to Ethereum to achieve security and finality for layer 2 transactions.  According to Volokh, Starknet’s protocol remains dependent on StarkWare for creating L2 blocks, computing proofs and initiating layer 1 state updates to the Ethereum ...

ConsenSys’ Ethereum scaling network Linea is now fully public, having processed over three million transactions and bridging $26 million in Ether. ConsenSys has completed the launch of its Ethereum scaling rollup Linea, onboarding over 150 partners and bridging more than $26 million in Ether (ETH) to date. Linea went live with select partners onboarded to the alpha mainnet in July 2023, allowing developers to migrate existing decentralized applications (DApps) from Ethereum’s mainnet or other scaling solutions. The zero-knowledge Ethereum Virtual Machine (zkEVM) is a layer-2 scaling solution that provides lower transaction costs and higher throughput for DApps running in the Ethereum ecosystem. Cointelegraph spoke exclusively to Linea senior product manager Declan Fox to unpack major milestones since the zkEVM’s launch. Fox highlighted Ethereum co-founder Vitalik Buterin’s belief that zero-knowledge rollups (ZK-rollups) would prove crucial in the operation of the wider Ethereum ecosy...

StarkNet has prioritized scalability over composability and transparency. But it’s now working on making its tech open-source. Zero-knowledge (ZK)-Rollup tech company StarkWare has officially open-sourced its new programming language compiler, Cairo 1.0, which will soon be supported on Ethereum layer-2 scaling solution StarkNet in Q1 2023.  The news was announced by StarkWare — the company behind StarkNet — in a Nov. 25 Twitter post. StarkWare’s roll-up technology and recursive proofs offer the potential to compress millions of transactions on L2 into a single transaction on Ethereum. However, the project has been criticized for maintaining control over its IP, not least of all by its more open source-focused competitor zkSync. StarkWare described open-sourcing Cairo as a “milestone move” in its quest to hand over more control and intellectual property rights to its community and developers. Cairo is a programming language written specifically to harness the power of zk-Rollups and va...