Starknet

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/starkware-introduces-stwo-enhanced-speed-and-lower-fees-for-blockchain-transactions" rel="noopener noreferrer nofollow">StarkWare Introduces Stwo: Enhanced Speed and Lower Fees for Blockchain Transactions</a><br></p>
<p style="text-align: justify">StarkWare, a blockchain technology firm, recently announced the release of Stwo, an innovative open-source prover leveraging zero-knowledge proof mechanisms designed to speed up the verification process and decrease transaction fees for users. Stwo aims to effectively compress transactions by creating cryptographic proofs, enhancing the performance of Starknet’s blockchain operations.</p>
<h2 id="strategic-advancements-in-blockchain-proving">Strategic Advancements in Blockchain Proving</h2>
<p style="text-align: justify">This strategic development is set to directly benefit users by substantially lowering the costs associated with StarkWare’s services. Oren Katz, StarkWare’s COO, emphasized that Stwo marks the beginning of a new chapter for the protocol, promising scalability and open access from its inception, thereby fostering widespread adoption and implementation.</p>
<p style="text-align: justify">The new prover, expected to be widely utilized among Stark-based systems enthusiasts, will ripple its advantages across Starknet and its application chains. Implementing Stwo will not only cut proof delays but also slash transaction expenses, leading to more affordable user fees. Katz further highlighted that Stwo’s prowess in generating proofs will considerably enhance <a href="https://en.bitcoinhaber.net/ethereums-uncertain-horizon-a-struggle-for-dominance-amidst-rising-competition" rel="noopener noreferrer nofollow">Ethereum</a>‘s scaling capabilities.</p>
<h2 id="cryptographic-innovation-in-blockchain-ecosystems">Cryptographic Innovation in Blockchain Ecosystems</h2>
<p style="text-align: justify">Zero-knowledge proofs, the underlying technology of Stwo, are cryptographic protocols enabling the verification of information without its disclosure. Starknet’s ZK-rollup is currently the fourth-largest Layer-2 ecosystem, hosting the largest ZK community based on total value locked (TVL), indicating a significant interest in these privacy-centered technologies.</p>
<p style="text-align: justify">The Starknet ecosystem is aligning with its goal of a decentralized and open-source Layer-2 blockchain, with a growing interest in ZK-proof technologies for ensuring privacy. Recent ventures, such as the Animoca-backed Humanity Protocol, have launched biometric palm recognition based on ZK-proofs, providing a more discreet alternative to iris scans for identity verification in Web3.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/starkware-introduces-stwo-enhanced-speed-and-lower-fees-for-blockchain-transactions" rel="noopener noreferrer nofollow">StarkWare Introduces Stwo: Enhanced Speed and Lower Fees for Blockchain Transactions</a></h5>

StarkWare Introduces Stwo: Enhanced Speed and Lower Fees for Blockchain Transactions

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