StarkWare Building STARK-powered L2 ZK-Rollup 'StarkNet'

StarkWare unveiled in a post that they’re building StarkNet, a decentralized, permissionless and censorship-resistant STARK-powered L2 ZK-Rollup that supports general-computation over Ethereum. It is based on the Turing-complete Cairo language.

StarkNet will be built in four steps:

Step 0 — Foundations (completed*)

Step I — Planets: Single-App Rollups

Step II — Constellations: Multi-App Rollups

Step III — Universe: A Decentralized Rollup

"We expect to have Step I deployed in a few short months, and be well on our way to Steps II & III by the end of 2021," they said.

Developers, users and StarkNet nodes will be able to do everything one would expect from a permissionless L2 Rollup: Developers may build applications implementing their own business logic and deploy them on StarkNet. Users may send transactions to StarkNet to be executed, just like they interact with Ethereum today. StarkNet nodes and participants will be crypto-economically incentivized to ensure the network operates efficiently and fairly.

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