Ethereum Starks Scalability Solution with 550 Tx/s Launches on Testnet

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Summary

A solution that can considerably increase ethereum’s capacity through the utilization of starks has been launched on testnet by 0x, the decentralized exchanges (dex) protocol. The StarkDEX Service checks the signatures of each transaction in the batch, and the validity of the transactions. We’re not aware of any other project doing so, thus this must be the first with starks themselves quite a new thing. Or more technically, according to 0x: “The DEX (or in the Alpha, the simulator) sends a batch of 0x orders to the StarkDEX Service, run by StarkWare. As a kind of second layer method, but without the tradeoff of channels and all the rest, this would increase ethereum’s capacity even on top of sharding.

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A solution that can considerably increase ethereum’s capacity through the utilization of starks has been launched on testnet by 0x, the decentralized exchanges (dex) protocol. Matt Taylor of 0x says:

“StarkDEX is decentralized exchange infrastructure that utilizes STARKs to remove the glass ceiling on non-custodial trading and allows crypto exchanges to offer their customers trading at scale, without counter-party risk.

Today, the system at max capacity can batch 8,000 transactions per block, which is over 550 transactions per second and 200x cheaper in terms of gas costs.”

This utilizes a now somewhat familiar model where you deposit funds in a smart-contract with accounts then kept off-chain with starks based proofs used to verify that no one is cheating at any point. Or more technically, according to 0x:

“The DEX (or in the Alpha, the simulator) sends a...

Read the full article @ TrustNodes