Starknet

StarkNet is a decentralized, permissionless zk-rollup operating on the Ethereum network. It utilizes STRK validity proofs to enhance computational integrity by ensuring that a computation on the network is performed correctly. Unlike the common perception that zk-rollups primarily focus on zero-knowledge for privacy, StarkNet's use of STRK technology focuses on ensuring the correctness of transactions without necessarily hiding all information related to those transactions. This approach allows StarkNet to offer scalability by bundling multiple transactions into a single one, thereby reducing gas fees and improving transaction throughput on Ethereum, while maintaining a high degree of security and integrity.

StarkNet is employed to improve the scalability and efficiency of decentralized applications (dApps) on Ethereum. It allows for the execution of transactions with reduced fees and higher throughput, compared to direct interactions with the Ethereum mainnet. Developers can deploy scalable dApps on StarkNet, benefiting from its efficiency in processing transactions. While StarkNet uses STRK validity proofs for scalability and integrity, it's important to note that these are distinct from zero-knowledge proofs in that they don't inherently guarantee privacy by hiding information but ensure that computations are correct. The platform is suitable for various applications, from finance to gaming, where scalability and efficient transaction processing are crucial.