Stark Launch

A few weeks ago, we announced the definitive targets of our 2024 roadmap: 🐺 Becoming the L2 with the highest TPS capacity 🐺 Average transaction fee consistently below $0.01 Now, let's discuss how we plan to achieve these targets! 👇 1⃣ Becoming the L2 with the highest TPS capacity thanks to Transaction Parallelization and Cairo Native In order to fully understand both upgrades, here is a quick reminder: the mission of the Starknet sequencer is to process transactions and create blocks. Hence, any optimization of the Sequencer increases the network throughput. This is exactly what Transaction Parallelization and Cairo Native offer: 🐺 Transaction Parallelization allows the sequencer to concurrently process several transactions. 🐺 Cairo Native facilitates faster execution of Cairo instructions by circumventing an intermediate compilation step. The principle behind Transaction Parallelization is very simple: rather than managing transactions sequentially (one by one), the sequencer will be able to manage transactions that are unrelated to each other at the same time. Crude example: an ETH/USDC swap on AVNU by user A with an NFT mint by B on Pyramid. This will allow the Starknet sequencer to be able to handle many more transactions at the same time, reducing latency and increasing throughput 🕺 On its side, Cairo Native is a compiler with the goal to convert Cairo's intermediate representation (called Sierra) into Multi Level Intermediate Representation (called MLIR). In simple terms: Cairo Native makes it easier to understand Cairo instructions. By integrating Cairo Native into the sequencer, the sequencer will be able to skip decoding & running cairo-vm instructions, and run native assembly directly, thus allowing it to execute transactions and create blocks more quickly! Here is the superb analogy of @omarespejel to easily understand the implications of Cairo Native: xitter.cf/espejelomar/status/178… 2⃣ Reduction of DA costs through Volition We have several optimizations planned at the stack level throughout 2024 to decrease fees and costs. As you know if you're paying attention (🤓), Starknet’s main operating cost arises from the data we store on Ethereum, which is related to transactions made on Starknet. The EIP-4844 upgrade, along with various optimizations around it, resulted in a massive 95% cost reduction (!) on Starknet. This great cost reduction came with a corresponding reduction in transaction fees. It’s huge, ngl, but we believe we can further reduce transaction fees by another order of magnitude this year. The main central feature in this effort will be Volition. Volition will give developers the option to choose where the transaction data for their dApps are stored: 🐺 On Ethereum, which offers maximum security but for a higher fee (Rollup mode) 🐺 Directly on Starknet, which remains highly secure, albeit slightly less than Ethereum, while being significantly cheaper (Validium mode) This will allow developers to optimize their contracts by choosing the data availability mode at the individual storage variable level. In this way, the trade-offs regarding gas fees associated with a dApp, and its level of security, will be determined by developers and users of each dApp themselves. Note that Volition's timeline is still TBD. In conclusion, the main takeaway is that Starknet aims to be the cheapest L2 to use on the market and the fastest by a significant margin. And our plan to get there is crystal clear: 🐺 Transaction Parallelization and Cairo Native to substantially increase our TPS capacity. 🐺 Volition to further reduce TX fees by a new order of magnitude. Exciting time ahead 🧑‍🔬

Kakarot shifts into the next level, full power mode! KKRT Labs is excited to announce the completion of its second investment round 🥕 The primary objective of this funding is to grow our team and speed up the development of our Ethereum scaling solutions 🧵👇