Starkware | What is StarkWare Crypto | What is StarkNet | StarkEx

Starkware | What is StarkWare Crypto | What is StarkNet | StarkEx

👉Bringing scalability and privacy to a blockchain near you:   / starkwareltd  

Starkware: Bringing scalability and privacy to a blockchain near you

StarkNet: StarkNet is a permissionless decentralized ZK-Rollup over Ethereum.

StarkEx: StarkEx is a Layer 2 scalability engine. It is in production on Mainnet, scaling multiple exchanges and platforms, for a wide range of use cases.

What is StarkNet?
StarkNet is a permissionless decentralized ZK-Rollup operating as an L2 network over Ethereum, where any dApp can achieve unlimited scale for its computation, without compromising Ethereum's composability and security.

Scalability and Integrity
StarkNet achieves scale, while preserving the security of L1 Ethereum by producing STARK proofs off-chain, and verifying those proofs on-chain.

General Purpose
On StarkNet, developers can easily deploy any business logic using StarkNet Contracts.

Composability
StarkNet will provide Ethereum-level composability, facilitating easy development and compounding innovation.

What is StarkWare Crypto?
StarkWare solves the inherent problems of blockchains – scalability and privacy. We develop a full proof stack, using STARK technology to generate and verify proofs of computational integrity. StarkWare's cryptographic proofs are zero-knowledge, succinct, transparent and post-quantum secure.

Israeli startup StarkWare, which develops solutions for blockchain technology, has announced that it has raised a $75 million series B round led by crypto VC Paradigm and with the participation of existing investors Sequoia, Founders Fund, Pantera, Wing.VC, DCVC, and including new investors, Three Arrows and Alameda Research.

Co-founder and CEO Uri Kolodny told Calcalist that StarkWare aims to solve the inherent problems of permissionless blockchain, namely scalability and privacy, through the company's core technology, called STARK.

StarkWare was founded in 2017 by Kolodny (CEO), Eli Ben-Sasson (President) Michael Riabzev (Chief Architect) and Alessandro Chiesa (Chief Scientist), aiming to use zero-knowledge proof to solve the inherent problems of blockchains. It raised a $30 million round A in October of 2018, led by Paradigm, a fund set up by cryptocurrency investors Matt Huang, formerly a partner at Sequoia Capital, and Fred Ehrsam, co-founder of Coinbase. Coinbase, Sequoia Capital, and Intel Capital also participated in the round, which brought StarkWare’s capital funding to $36 million. Another notable investor in the company is Vitalik Buterin, one of the co-founders of Ethereum.

StarkWare, which is based out of Netanya and currently employs over 40 people, mostly engineers, is aiming to drastically expand the number of applications that use STARK technology in the coming year, as well as diversify them.

StarkWare recently announced the launch of StarkEx 2.0, the first system in production to be programmed in Cairo, the company's new Turing-complete, a programming language for generating STARK proofs.

"This round will allow us to continue and recruit quality employees, in particular developers and product experts," said Kolodny. "We are happy to meet more and more people who are discovering the wonderful world of blockchain which presents fascinating challenges in software, algorithmics, economy, and ultimately for us also in hardware.

"It is a wonderful experience to see how within a few years of research and thanks to algorithmic, software engineering and product development by the brightest minds, new and wonderful worlds like NFTs can be created."

StarkNet Alpha is launching on Mainnet Ethereum in November.


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⏰TimeStamps⏰

00:00 - Intro
00:25 - StarkEx is a mature platform
00:59 - StarEx leverages STARK technology
01:40 - StarkEx is an Ethereum Layer 2
03:12 - Cairo
03:46 - StarkEx applications are a family of Applications
04:55 - Starkware's partners
05:04 - Starkware's customers
05:18 - Starkware Team
06:09 - Starkware's roadmap
06:34 - Starkware Twitter page
07:15 - Who are we?
07:35 - Why Starkware?
07:55 - Jobs Starkware offers
09:37 - Outro