During the event, Starkware’s Eli Ben-Sasson stated that this marks a 'significant step for scaling Ethereum and cryptography.”
established
a nonprofit foundation with the aim of enhancing the development of the software and the Starknet infrastructure. The project’s co-founder stated that, of course, Stark technology is not actually magic. Rather, the Starknet Prover is “sound cryptography” and the company wants “everyone who wants to make it their own.
Starkware and its Starknet project are among many Ethereum scaling and L2 projects, as competition has become significant over the past two years. Users have a variety of solutions to choose from, including, Loopring, Zksync, Metis, Polygon, Hermez, Immutable X, Aztec, and Boba Network. On Feb. 5, 2023, the average cost to leverage Starknet’s general-purpose ZK rollup was $0.21 per transfer, while the cost to swap a token via Starknet was $0.
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