Ethereum scaling solution Starknet has implemented the testnet for its Layer 2 network.
The release, by Israel-based development company StarkWare, is the first step in bringing the improved solution, dubbed Starknet Quantum Leap, to the mainnet around July 13, provided it passes a community vote, a recent blog. mail from StarkWare he said.
The focus in upgrading the network is on performance, and specifically overall improvement, which is now being described as “unmatched” in the Ethereum ecosystem.
According to the blog post, performance has “increased” from an average of 30,000 Cairo Steps Per Second (CSPS) in the previous version, to 220,000 CSPS in Quantum Leap, which is an almost 10x increase.
“This remarkable achievement is the result of specific optimizations that underpin the efficiency of the Starknet Sequencer,” the blog post said, while naming Cairo-rs, Blockifier, and Papyrus as key technical ingredients that contributed to the improvement.
Higher in everything means that transactions made on the network can be processed faster, but it often comes at the expense of network decentralization.
However, high performance is generally considered necessary for decentralized finance (DeFi) applications, as it makes it easier to develop responsive applications with a user experience that is more similar to traditional centralized applications.
Delete pending transactions
In addition to significantly speeding up transactions, the new network upgrade removes the “PENDING” status of transactions and replaces it with “ACCEPTED_ON_L2,” which StarkWare says reflects the “finality status of transactions.”
As a next step, StarkWare said it is focused on improving the user experience and the reliability of transactions.
Among other things, he said that the next version will introduce more improvements, such as the inclusion of failed transactions in blocks, which will allow a fee to be charged for them.
After that, the next priority on the agenda is to “drastically reduce transaction costs,” the firm said of its future plans.
Starknet is a solution dubbed “ZK-Rollup” that works as a second layer on top of the Ethereum network, enabling faster and cheaper transactions in a way that primarily caters to DeFi users.
