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StarkNet is a network based on the Ethereum blockchain, which was created to improve the efficiency of decentralized applications using the Stark cryptographic proof system. This network not only benefits from the security and decentralization of the Ethereum network, but also uses the Cairo language to write and execute smart contracts.
The working method of Starknet is based on proof and verification of calculations by Starks. These Starks, known as proof systems, provide processing of large calculations and confirm the correctness of calculations by providing documents. This system also allows to confirm the proof in several different steps.
The Starknet network was created by the Starkware group and has implemented several projects. These projects include:
Cairo: Computational programming language used in StarkX and StarkNet. All decentralized applications of these networks are written based on the Cairo language, and this language is also used to create Stark proofs for general computing.
SHARP: This system is used to collect proof from applications written in Cairo language. This proof is then verified by Stark validators on the Ethereum network and the gas costs are reduced.
VeeDo: This verifiable delay function works based on Stark and is presented as a verifiable delay function.
In June 2020, the initial version of Stark and Vido’s mainnet were released, and in August 2020, the Cairo system was implemented under the names ImmutableX and dYdX in the StarkEx 2.0 project.
The StarkNet project is still in the early stages of development, as a starting point for the development of DeFi applications. This project has planned different steps by defining three different phases for the launch of Starknet:
Planetary Phase: In this phase, developers can build their scalable applications and test them on StarkNet.
Constellation Phase: In this phase, Ethereum gas costs are reduced and program relationships under Starknet are strengthened. At this stage, it is possible to run several programs simultaneously on StarNet.
Universe Phase: This step is related to the decentralization of Starknet activities.
Scalability: This network brings Ethereum’s second layer of security to prove and validate calculations and is also scalable.
Universal: The Starknet network provides the possibility of setting up more smart contracts and can be used in any business field.
Composability: This network provides the possibility of composability at the level of Ethereum and this feature causes innovation.
He mentioned Suez, Qasr and… as bridges in the Starknet network, whose purpose is to attract liquidity to this network.
Various voting applications operate on the Starknet platform, including Snapshot and Zorro protocol.
