What is StarkNet L3? StarkNet L3 was developed by StarkWare – a company valued at $8B in the most recent capital call as a product with a vision of Layer 3. So what is different about StarkNet L3 compared to other Layer 3s on the market? Everyone, please join me in finding out in the article below.
To better understand StarkNet L3, people can refer to some articles such as:
- What is Layer 3? Overview of Layer 3 Solutions
- What is Arbitrum Orbit? Overview of Arbitrum’s Layer 3 Vision
- What is zkSync L3? Overview of Hyperchain, Hyperbridge Constituting zkSync L3
What is StarkNet L3?
Background and reason for the birth of StarkNet L3
Layer 2 solutions like Rollup, especially Optimistic Rollup, are doing their job very well by becoming a place with fast transaction speeds and low transaction costs while still enjoying the security and decentralization of Ethereum. . In the near future, zkRollup will do even better. And in the long term, the majority of users on Ethereum will come to live on Layer 2.
Layer 2 has increased transaction speed and transaction fees compared to Layer 1. However, some applications need such a better environment to be able to serve more people at a faster speed and cost. Cheaper fees, can be applications that focus on Trading, NFT, Gaming or Social. And that is the reason for the birth of StarkNet L3.
Overview of StarkNet L3
From StarkWare’s perspective, Layer 3 is related to Layer 2 in the same way that Layer 2 is related to Layer 1. This means that Layer 3 is Layer 2 of Layer 2. Layer 3 can choose from many technologies. about different extensions such as Rollup, Validium, Volidium,… depending on the needs of the project and development team.
Layer 3 operating mechanism
The operating mechanism of StarkNet L3 is simple as follows:
- Step 1: Layer 3 will be where the transaction is executed then the proof of that block will be sent to Layer 2.
- Step 2: Multiple Layer 3 evidences are merged into 1 evidence on Layer 2. Layer 2 itself must have a Smart Contract Verifier (similar to Layer 1) to authenticate evidence sent from Layer 3.
- Step 3: Layer 2 will send unique proof to Layer for authentication and consensus.
Some of the great benefits that StarkNet L3 brings are as follows:
- Hyper-scalability: Unlimited scalability with Layer 3 platforms.
- Better Control: Layer 3 platforms offer scalability options so developers have the ability to be proactive in protocol development.
- Privacy: ZKP offers privacy as an optional feature for Layer 3s.
- Interoperability between Layer 2 and Layer 3 is cheaper and simpler.
- Layer 3 platforms will interact with each other through Layer 2, not through Layer 1, which saves transaction fees when interacting between Layer 3.
- Layer 3 acts as a test network for Layer 2 before being officially deployed on Layer 2.
The Layer 3 ecosystem is even Layer 4
The StarkNet L3 ecosystem in general will include a number of pieces as follows:
- StarkNet uses the data availability of Validium technology (data will be stored off-chain) which will be suitable for applications that need to closely update crypto & market prices. Besides Validium, Rollup technology can be used.
- App-specific StarkNet can be customized to fit application goals.
- StarkEx has Rollup or Validium data availability which can provide different scalability, data availability capabilities.
- Privacy StarkNet can be deployed on Layer 3 or Layer 3 allowing users to have privacy on the Blockchain.
Besides, StarkEx currently operating as Layer 2 will be migrated to Layer 3. Additionally, there will be a StarkNet SDK Layer 3 in the near future.
Summary
Layer 3 promises unlimited scalability with many different options for developers such as privacy, data availability, etc. Hopefully through this article, everyone can understand more about what StarkNet L3 is. What?
