Blockchain
In 2023, Starknet has prioritized performance improvements with the goal of increasing throughput, reducing latency, and lowering transaction costs.
Last week, StarkWare released its 2023 roadmap and provided some details about the considerations behind the decision.
In the StarkWare release, the team states that it aims to improve network performance over the coming months to accommodate the expected increase in users and developers.
A focus on network performance
Performance is characterized by throughput, latency and transaction costs, and the team has outlined the priority areas it plans to address.
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With regard to throughput and latency, the upcoming Starknet v0.12.0 will introduce notable improvements resulting from the past six months of work on rusting the Starknet stack.
The version includes the integration of a Rust-based sequencer developed by StarkWare and a new Rust-Cairo VM, cairo-rs, developed by LambdaClass. Both are open source projects and the team expects to provide performance benchmarks soon.
This transition will significantly reduce block execution time, leading to an increase in throughput. In the absence of congestion, the development team expects a reduction in transaction latency, as block execution time is the main contributor to latency.
Additionally, in the upcoming v0.15.0 release, Starknet shares intentions for shorter block intervals as the network plans to decouple the relationship between a block and its evidence, allowing proofs to confirm the integrity of multiple blocks, which ultimately leads to improved user experiences. experience.
10 times the throughput of Ethereum
During a recent interview, Ben-Sasson, StarkWare’s co-founder and president, reiterates these goals, sharing that Starknet’s ultimate goal is to achieve at least ten times the throughput of Ethereum at one-tenth the cost.
He mentioned StarkEx’s ability to enable high TPS on the decentralized exchange dYdX, sometimes processing up to 54 transactions per second, compared to Ethereum’s average of 10-12 TPS.
Ben-Sasson emphasized that dYdX transactions are about four to five times larger than those on Ethereum, indicating promising scaling potential for Starknet in the near future.
As the Ethereum blockchain continues to experience congestion and high gas costs, Starknet’s performance upgrades could make it an attractive alternative for developers and users looking for a faster, more cost-effective solution for their decentralized applications.
This, in turn, could lead to greater adoption of both Ethereum and layer 2 scaling solutions in the wider blockchain industry.
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