SWIFT-banning of Russia as watershed moment for cryptocurrencies.
Before: Governments say "crypto is regulation-subverting money, only criminals need it"
After: Governments say "we need crypto, in case we're SWIFT-banned. We need it big enough for nation states"
Am I an X-maximalist or Y-maximalist?
I'm ZK-STARK maximalist.
All chains - from
#Bitcoin
and
#etherium
to your local shitcoin - will use ZK-STARKs. Else, no scale, no privacy.
I coined the mathematical terms STARK, FRI, AIR.
When founding
@StarkWareLtd
, we didn't trademark them.
Mathematics is public goods.
No corporation should claim it.
Certainly not one that came 30 years after it was discovered.
This week the Starknet Foundation announced Provisions. Naturally, this stirred a lot of emotions in the community. Sadly, some decide to target individuals on our team.
I’m writing in support of
@dimahledba
, the amazing and passionate head of the Starknet ecosystem at
@ukolodny
@StarkWareLtd
@Starknet
Dear, close, friend.
Writing this is also hard. My heart and prayers are with you and your family as you confront the challenges ahead.
As a
@StarkWareLtd
co-founder and board member, I am overwhelmed with gratitude and sadness. Gratitude for what you’ve achieved: taking an
On USERS and Starknet GOVERNANCE:
There are 3 voices that can be OBJECTIVELY HEARD on an Integrity Web (IW, aka "blockchain"):
1. Token holders
2. Builders - gauged via fees paid to user their code
3. Users - assessed by usage
No IW has given the 3rd group a place in
YES!! Now* you can STARK-prove Bitcoin ECDSA sigs over secp256k1 field.
🧵 on EC-STARK, joint w/ Dan Carmon, Swastik Kopparty and David Levit.
* theoretically, no implementation yet.
We
1. listened to concerns re. long-term alignment of
@StarkWareLtd
w/ Starknet ecosystem.
2. proposed a more gradual release schedule
3. believe trust is earned with actions, not just words
4. thank investors for their support on this
@StarkWareLtd
❤️
@Starknet
Important update:
After listening to feedback from ecosystem friends and collaborators, we are changing the lockup schedule for StarkWare’s early contributors and investors to make it more gradual.
We value this community and want to earn its trust by building great tech that
Starknet is about Individuals, starting with its Users and extending all the way to those Individuals who are completely off the grid.
Starknet’s vision is to empower Individuals to withstand attacks on their agency, sovereignty and dignity by the most powerful entities the
This is my message to Starknet community.
Let me state it very explicitly: I want to present my deepest apologies to users who were insulted by words I have badly chosen, in a specific context.
I will give you some background about the story, once, and then I will not comment on
24 hours after Provisions Claiming started.
1.3 M recipient addresses. Largest event of its kind.
0 technical glitches so far. That, too, is unprecented.
Build Different.
Earlier today: 45 transactions per second on
@dydxprotocol
during Big Price Change.
Fitting this on L1
@ethereum
would've required blocks with ~ 150M gas. All of them
STARK super-scaling lets
@StarkWareLtd
pack all this on L1 using less than 1% of TODAY's gas.
The 1st smart contract deployed on StarkNet Mainnet was an Argent account!
Proud to be supporting
@StarkWareLtd
by building the first StarkNet wallet.
The wallet (currently for developers only)
The contract
Now that the news is out, we might as well tell you more!
Starknet is about each of you. Every user, builder and member of our community – existing and future – is a critical piece to building our network into the future of decentralisation for generations to come. The success
Funny story told by
@danboneh
earlier:
Reporter to Dan Boneh: How long have you been researching crypto?
Dan: nearly 30 years
Reporter: Wut, did crypto exist before 2009?
Welcoming Professor Shafi Goldwasser, co-inventor of Zero Knowledge Proofs and Turing Award Laureate, to StarkWare's Scientific Advisory Board. Honoured to have you advising us!
Sad to see this happen again in our ecosystem.
@zksync
@gluk64
pls fix this and ensure these things don't happen again. Competition is great, but let's play fair.
Crypto runs on the open source ethos. When projects don’t follow it, the ecosystem suffers.
We were disappointed to see that
@zksync
copied our code without attribution and made misleading claims about the original work, so we wrote this post.
2 weeks. 14 days, start to end.
@tiktok_us
reached out to
@StarkWareLtd
Sept 16, we immediately put them in touch w
@Immutable
, who worked day and night to get it done, yahoo!!
STARK Speed, STARK Scale,
DM open, oh enterprises.
Where I’m at
It’s 15 minutes before the Provisions Claiming starts. Want to share where I’m at:
* Grateful to the amazing ecosystem that has congregated around the vision of Integrity via Math
* Anxious regarding the technical load that will unfold, and potential technical
Anyone working on event ticketing over blockchain? Sounds like great PMF for blockchain, especially in countries where you can't trust the secondary tix market. Feel free to DM if you're working on it.
Ethereum allows ~1M gas / second.
dYdX STARK proofs consume ~ 1K gas / second...
BUT would cost 1M-4M gas / second on L1.
THATs 1000-4000x scale!
See plot, using 1 tx = ~ 300K gas on L1.
h/t to
@OhadBarta
who did the computation and can shed light on it.
cc
@AntonioMJuliano
.
How many NFTs minted on L1
@ethereum
, EVER?
@Immutable
X has over 28,000,000 (28 million).
All thru
@StarkWareLtd
's standalone layer 2 - StarkEx.
Last week, we minted at ~10TPS, all week.
Oh, did you know
@Immutable
is
#carbon
neutral?
Curious to get metrics on
@zksync
's impressive TPS, in terms of proving and verifying onchain.
@gluk64
can u pls share the verifier L1 contract address?
Minting an NFT directly on ETH: $40
Minting an NFT on StarkEx: $0.003 (0.3 cent)
That's 13,333.3333x cheaper.
No other scaling solution delivers this. Period. Full Stop.
600,000 NFTs *minted* on L2 with a single STARK proof.
Minting an NFT costs less than 10 gas, much less than a penny.
@Immutable
X Alpha on Mainnet imminent, massively scaled by StarkEx.
Yo.
@Starknet
is the future,
@CairoLang
is next gen smart contract language.
We have a track record of saying things, that many years later are embraced by all. STARK. FRI. Validium. SHARP (aka "aggregation").
Come home.
So much to be proud of:
* Bolt puts
@Starknet
as most performant L2, especially if you require true L1 security (y'know - whatever proof you go with, have it *actually work as intended*).
* Most redundant stack with multiple implementations for core components
* Most
Really enjoyed
@VitalikButerin
's post on L2 scalability, but we at
@StarkWareLtd
view the space as a 2x2 matrix, not a 3-way partition as he does there ()
The goal of blockchains is to empower individuals. Blockchain leaders must have the integrity and courage to speak up against evil.
Some are silent, and their silence is roaring in my ears.
The following were in Production by
@StarkWareLtd
4y ago (2020):
STARKs. 2-3 years later adopted as scaling standard
Validium (and Volition). 2-3 years later used (or planned) by others
SHARP, Shared Proving. Now planned as "Aggregation" by others.
Cairo...
Why OP_CAT?
It allows concatenating strings.
Which allows Merkle path checking
Which is the heavy lifting of STARK verification
The "easy" part of STARK verification is 32-bit add/multiply, with the new Circle STARK math:
Devs gravitate to tech that allows them to build amazing things.
That's why many migrated from
#Bitcoin
to
#Ethereum
(notice perfect spelling)
That's why many will migrate to
#StarkNet
60* TPS on
@dYdX
yesterday.
Enterprise grade STARK-scaling since summer 2020.
Step wise, each tx is ~ 4-5 transfers (~ 250-300 TPS).
* actual peak at 59 TPS
10-18 Transactions Per Second (TPS) on
@dydxprotocol
, each one quite complicated.
That's far greater than
#Ethereum
's, for a fraction of the gas cost.
Arithmetization thread:
1. What is Arithmetization?
A class of techniques that solve problems about COMPUTATION by phrasing them as problems about POLYNOMIALS.
It's common in math to solve problem A by phrasing a related problem B and solving B instead.
Amazing news, wise choice!
Notice that *nearly all* scaling validity proof systems are embracing STARKs and their core components: AIR succinctness and FRI proximity tests. This includes all
@0xPolygonLabs
systems,
@zksync
,
@StarkWareLtd
,
@RiscZero
.
STARKs are the right
Say hello to Boojum 👋: zkSync Era’s new high-performance proof system for radical decentralization. Boojum is an upgrade that will transition zkSync Era to a STARK-powered proof system, providing world-class performance on consumer-grade hardware.
💡 Learn more:
How is Bolt (400tps, 2 sec blocks) celebrated at
@StarkWareLtd
?
Summer event celebration for kids of team members. So much happiness, and of exactly the right kind.
Starknet: Largest ecosystem w/ POSITIVE growth in # of full time devs.
Also, Starknet is now the 8th (!!) largest dev ecosystem. Up from 11th in June 2023.
Soucrce:
Over 1.5 % of all USDC locked in
@dydxprotocol
, backing 24hr vol > $5B ($5,000,000,000),
humming at effective TPS >
@ethereum
,
for fraction of ⛽️
@circlepay
@jerallaire
: StarkPay, LIVE TODAY, can support
#Visa
-level TPS for USDC
Vision and Mission of
@StarkWareLtd
.
V: Integrity should never be assumed but rather upheld publicly.
M: Build the Integrity Web connecting
@Bitcoin
@ethereum
and other blockchains, so that You truly Own Your Life.
Full doc here:
My impressions from
@EthCC
, enroute home:
* Crypto is searching for its soul, what’s the vision, what’s the thing that all people will use next. And
@Starknet
is one of the few places which people in our industry believe will supply the answers.
I for Integrity:
I, an Individual, can stand for Integrity.
How?
STARK Math power + Integrity Web Broadness:
Integrity Webs invite me to Verify all actions of others.
STARK Math power amplifies Integrity Web power to curb Nation States, Corporations, Organizations.