Starknet Introduces Appchains Framework $STRK

Starknet, an Ethereum Layer 2, has disclosed the initiation of "appchains," a framework designed to enable developers to construct several application-specific blockchains within the Starknet ecosystem. The innovative project is in alignment with the growing trend of modular networks in the Layer 2 ecosystem, spearheaded by projects like Optimism, Polygon, zkSync, and Arbitrum.

Timeline of Strike

The transactions per second on the Etheruem blockchain will receive a significant boost now that Starknet's Quantum Leap upgrade has been deployed on the Ethereum mainnet. Ethereum TPS To Scale Up In a groundbreaking development for the Ethereum blockchain, the scaling barrier has been shattered, according to an announcement by Uri Kolodny, co-founder and CEO of StarkWare.

Starknet, the zero-knowledge rollup solution from Starkware, is readying a major upgrade. According to the company, thanks to the update, throughput — or transactions-per-second (TPS) — is expected to surpass not only Ethereum mainnet, but also all other existing layer-2s.

zkSync Era's daily active addresses and number if transactions gained upward momentum, as did its TVL. However, MATIC opted for another route as it witnessed a downfall over the last 24 hours.

Zero-knowledge layer-2 scaling solution Starknet has moved closer to full Ethereum Virtual Machine (EVM) compatibility with the upcoming August launch of Kakarot, a new testnet. Kakarot's team has also announced that it has received backing from Ledger co-founder Nicolas Bacca, Starkware, and Ethereum co-founder Vitalik Buterin.

The blockchain is the first with native account abstraction that the web3 developer platform offers, allowing developers to build applications with Alchemy's infrastructure on StarkNet.

Starknet is a permissionless layer 2 blockchain in which developers can create smart contracts with the Cairo programming language and distribute them across different decentralized applications.

Since StarkNet [STRK] deployed its token on the Ethereum [ETH] Mainnet, there has been an incredible amount of focus on the ecosystem. Although the tokens are not yet up for sale or public trading, contributions within the StarkNet network have been on a non-stop increase.

Discover the Five Committees Powering Starknet's Decentralized Ecosystem. Learn how Provisions, Grants, Partnerships, Governance, and Onboarding Committees are building a fair, transparent, and innovative network.

The vulnerability allegedly allows Web3 apps using the Starknet protocol to bypass the security protection of private keys in MPC wallets, potentially exposing users' private keys to wallet providers.

Visa said that StarkNet, a layer 2 blockchain built on top of Ethereum, may help bridge the gap between crypto and the real world by letting people who use self-custodial wallets pay their bills more easily.   The post Visa proposes using StarkNet for automatic recurring payments appeared first on The Block.