Cryptocurrency Q&A
What network is Starknet on?
What network is Starknet on?
BonsaiVitality
Tue Jun 18 2024
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7 answers
1828
Could you please elaborate on the network Starknet operates on? I'm curious to understand its technological foundation and the specific blockchain it's built upon. Is it a standalone network or does it rely on another major blockchain for its functionality? Additionally, what are the key advantages and features of the network Starknet resides on that contribute to its popularity and utility in the cryptocurrency and finance world?
7 answers
Riccardo
Thu Jun 20 2024
Starknet, a Layer 2 network, revolutionizes the Ethereum ecosystem by introducing Validity-Rollup technology, also known as ZK-Rollup.
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Martino
Thu Jun 20 2024
This innovative solution allows decentralized applications (dApps) to achieve significant scalability without compromising on security.
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Dario
Thu Jun 20 2024
Starknet's architecture is designed to enhance Ethereum's capabilities, enabling it to handle a higher volume of transactions and reduce costs.
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MysticMoon
Thu Jun 20 2024
By leveraging the Validity-Rollup mechanism, Starknet achieves high throughput and low latency, making it an attractive option for developers and users alike.
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CryptoChampion
Wed Jun 19 2024
The network's scalability allows dApps to grow rapidly and handle a large number of users without experiencing performance issues.
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