Cryptocurrency Q&A
Which chain is Starknet on?
Which chain is Starknet on?
KimonoGlory
Wed Jun 19 2024
|
6 answers
1692
I'm quite intrigued by Starknet and its capabilities within the crypto sphere. Could you please elaborate on which blockchain Starknet actually operates on? Is it an independent network or does it rely on another major chain for its functionality? Understanding its foundation and infrastructure is crucial for me to grasp its full potential and potential applications. Could you shed some light on this matter?
6 answers
BlockchainWizard
Thu Jun 20 2024
The STARK proof generated by Starknet's off-chain computation is cryptographically secure and verifiable. This ensures that transactions bundled within the proof are accurate and have not been tampered with. As a result, Starknet maintains the high standards of security expected in the blockchain industry.
Was this helpful?
348
35
WhisperEcho
Thu Jun 20 2024
Starknet's scalability and security make it an attractive solution for developers building dApps on Ethereum. It enables them to create feature-rich and high-performing applications that can handle a large number of users and transactions without compromising on security.
Was this helpful?
329
85
Chloe_thompson_artist
Thu Jun 20 2024
Starknet is a Layer 2 network that revolutionizes scalability in the blockchain industry. Operating atop Ethereum, it leverages the Validity-Rollup technology, also known as ZK-Rollup, to expand the capabilities of decentralized applications (dApps) without compromising security.
Was this helpful?
341
97
HanjiHandiwork
Thu Jun 20 2024
The core innovation of Starknet lies in its ability to bundle transactions into a single, off-chain computed STARK proof. This process significantly reduces the computational burden on the underlying blockchain, enabling faster transaction speeds and increased throughput.
Was this helpful?
358
49
Enrico
Thu Jun 20 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a comprehensive suite of services that complement Starknet's scalability solutions. Among its offerings, BTCC provides spot trading, futures trading, and wallet services, allowing users to seamlessly interact with and manage their digital assets.
Was this helpful?
143
86
Load 5 more related questions
