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Layer 2 Blockchain Project Shifts Focus from Ethereum to Bitcoin

Summary by observers.com
Starknet was initially envisioned as a high-performance Layer 2 network for Ethereum, built on STARK proofs to enable scalable and secure smart contract execution without compromising decentralization. Its core innovation lay in using zero-knowledge validity proofs—specifically STARKs—to batch thousands of transactions off-chain and post a succinct proof to Ethereum, dramatically reducing gas costs and increasing throughput. Unlike optimistic ro…
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observers.com broke the news in on Thursday, May 29, 2025.
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