‘100x Lower Than L1 Fees’ — Alchemy Integrates Ethereum L2 Product Starknet to Increase Web3 Scalability

According to the startup Starkware, the team’s Ethereum furniture 2 (L2) work Starknet has been integrated by the blockchain API and node work Alchemy. Developers tin present leverage Alchemy’s infrastructure tools alongside Starknet’s zero-knowledge (ZK) rollup technology.

Israel-Based Startup Starkware Partners With Alchemy

On Monday, the blockchain startup Starkware announced the squad has inked a strategical concern with Alchemy. The concern volition let Alchemy customers to physique decentralized concern (defi) and Web3 applications utilizing Starknet, Starkware’s Ethereum furniture 2 (L2) service.

Essentially, Alchemy is simply a blockchain infrastructure steadfast that provides node services and blockchain APIs to clients. For instance, Alchemy’s Supernode provides API telephone information for networks similar Ethereum, Polygon, Arbitrum, Optimism, and Flow.

Starkware revealed the Alchemy collaboration connected Twitter and further remarked that Alchemy’s suite of products volition “make it easier and much accessible for the increasing fig of developers to physique connected Starknet.”

The L2 merchandise Starknet’s rollups usage ZK-based computations that utilize validity proofs and the task claims Starknet state fees are “100x lower” than furniture 1 (L1) Ethereum fees. The defi perpetuals and derivatives protocol Dydx leverages ZK-based rollup tech that is akin to Starknet’s underlying framework.

“We’re excited astir supporting Starknet due to the fact that we judge that Starknet’s utilization of validity and ZK-rollups connection solutions to halfway Web3 problems,” Alchemy said successful a connection published connected Monday. “These solutions summation scalability by bundling transactions unneurotic off-chain, and past verifying them on-chain with conscionable a fraction of the costs.” Alchemy continued:

But successful opposition to different Layer 2 scaling solutions, specified arsenic optimistic rollups that tin instrumentality longer to corroborate transactions, validity rollups usage what are called validity proofs to instantly beryllium if transactions are valid oregon not.

Starkware Valued astatine $2 Billion

The Alchemy integration follows Starkware revealing astatine the extremity of February that Starknet Alpha was deployed connected mainnet. In November, Starkware raised $50 cardinal successful a Series C led by Sequoia Capital, and $173 million successful wide superior injections propped the Israel-based startup’s valuation to $2 billion. The co-inventor of Starknet and co-founder and president of Starkware, Eli Ben-Sasson, believes the concern volition beryllium a game-changer.

“It means that with Alchemy’s infrastructure, the developer assemblage present tin much easy entree Starknet, the astir cutting borderline permissionless scaling platform, harnessing the powerfulness of validity proofs,” the Starkware enforcement remarked successful the concern announcement.

What bash you deliberation astir Starkware partnering with Alchemy? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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