Bankless Super Scaling with StarkWare | Uri Kolodny & Eli Ben-Sasson
Nov 24, 2021
Uri Kolodny and Eli Ben-Sasson, co-founders of StarkWare, delve into the revolutionary zkRollups that are enhancing Ethereum’s scalability. They discuss the recent $50 million funding round and how StarkEx is powering significant platforms like dYdX. The duo explains the intricacies of StarkNet’s rollout and the importance of balancing decentralization with operational efficiency. They also highlight the transformative potential of ZK technology in reshaping the blockchain landscape and fostering self-sovereign work in decentralized finance.
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Layer 2 Scalability Is Here
- Layer 2 scaling solutions are actively being used, resulting in high transaction volumes on platforms like dYdX.
- This high volume demonstrates that scalability exists but needs wider implementation across the Ethereum ecosystem.
dYdX's Scalability Success
- dYdX, powered by StarkWare's StarkEx, handles a substantial trading volume, exceeding $230 billion.
- This volume demonstrates the scalability of StarkEx, handling the equivalent of multiple Ethereums.
StarkEx Efficiency
- StarkEx's compression technology enables dYdX to handle a throughput equivalent to multiple Ethereums while using less than 1% of Ethereum's gas.
- This efficiency highlights the power of StarkEx in achieving significant scalability.