Golden Recursion Inc. logoGolden Recursion Inc. logo
Advanced Search
StarkWare

StarkWare

StarkWare is an Israel-based blockchain company developing systems for proof of computational integrity and solutions for scalability and privacy for blockchains.

Overview

StarkWare is a developer of cryptographic proof systems designed to improve the scalability and privacy in blockchains. The company offers proofs that are zero-knowledge, transparent, and post-quantum secure. StarkWare uses its proprietary STARK technology to generate and verify proofs of computational integrity and offers scaling solutions that provide users with a secure, fast, and seamless experience.

The company was founded in 2018 by Uri Kolodny, Alessandro Chiesa, and Eli Ben-Sasson and is headquartered in Netanya, Israel. Founding members were part of the Zcash products, and the company's mission is to improve the scalability and privacy of blockchains through the StarkNet and StarkEx, which run on the ZK-Stark technology developed by StarkWare.

ZK-STARK

ZK-STARK is a proof system developed by StarkWare. It uses cryptography for polylogarithmic verification resources with proof size, with minimal and post-quantum-secure assumptions. ZK-STARK (which stands for zero knowledge) was invented by StarkWare to enforce the integrity and privacy of computations on blockchains, using cryptographic proofs and modern algebra. This also allows blockchains to move computations to an off-chain STARK provider and verify the integrity of computations using the STARK verifier.

StarkNet

StarkNet is a permissionless and decentralized ZK-Rollup that operates as a layer 2 network over Ethereum. The StarkNet was developed to enable any dApp to achieve scale for its computation without compromising the composability and security of Ethereum's network. StarkNet periodically batches transactions, which are given a ZK-STARK proof to validate the transactions on Ethereum, which allows thousands of transactions to be sent, verified, and batched off-chain to save gas and time by saving Ethereum from having to verify the validity of every transaction on-chain.

StarkNet Token

In July 2022, the StarkNet token was launched. It is used to operate the StarkNet ecosystem, including maintaining the ecosystem and securing it while offering governance functions, such as voting on the ecosystem's strategic goals, values, and evolution. The token is also required for payment of the transaction fees on the Starknet and participation in the StarkNet consensus mechanism. It is an ERC-20 token built on Ethereum, which will be allocated to StarkNet contributors, including StarkWare, its investors, and development partners.

StarkEx

StarkEx is a layer 2 scalability engine on the Ethereum network with the following features:

  • Provides validity proofs to ensure valid data in computations to maintain computation integrity
  • Offers scaling capabilities through the uneven division of computation between off-chain prover and on-chain verifier
  • Offers self-custodial dApps with anti-censorship mechanisms
  • Serves a range of user and application needs
  • Ensures privacy through its zero-knowledge proof system

Timeline

August 30, 2022
ConsenSys and StarkWare partner to bring ZK-Rollups to Infura and MetaMask.
July 13, 2022
StarkWare confirms long-rumored StarkNet token.
May 25, 2022
StarkWare quadruples valuation to $8 billion in 6 months, closing round in choppy market.
March 14, 2022
StarkNet Alpha 0.8.0 presents the initial version of the fee mechanism (optional until StarkNet Alpha 0.9.0.)
March 3, 2022
GoL2 (based on the classic Conway’s Game of Life) is live on StarkNet testnet.
November 16, 2021
StarkWare raises a $50,000,000 series C round from Alameda Research, Founders Fund, Paradigm, Sequoia Capital and Three Arrows Capital.
March 24, 2021
StarkWare raises a $75,000,000 series B round from Alameda Research, Founders Fund, Pantera Capital, Paradigm, Sequoia Capital and Three Arrows Capital.
October 2018
StarkWare raises a $30,000,000 series A round from Atomico, Coinbase Ventures, Collaborative Fund, ConsenSys, Data Collective, FLOODGATE, Intel Capital, Multicoin Capital, Naval Ravikant, Pantera Capital, Scalar Capital, Semantic Ventures, Sequoia Capital and Wing Venture Capital.
July 16, 2018
StarkWare raises a $12,000,000 grant from Ethereum Foundation.
January 31, 2018
StarkWare raises a $6,000,000 seed round from Bollinger Investment Group, Elad Gil, FLOODGATE, Fred Ehrsam, Linda Xie, MetaStable Capital, Naval Ravikant, Pantera Capital, Polychain Capital and Vitalik Buterin.

Funding Rounds

Products

Patents

Further Resources

Title
Author
Link
Type
Date

Alon Shtaierman: StarkNet Contract Deployment Demo

Web

August 17, 2021

Charles Hoskinson on StarkWare

Web

May 10, 2020

Coinbase Speaker Series: Eli Ben Sasson on StarkWare & ZCash

Web

February 1, 2019

GoL2: Conway's Game of Life on StarkNet - StarkWare - Medium

StarkWare

Web

March 3, 2022

Helm, Warp One. Engage! - Nethermind.eth - Medium

Swapnil Raj

Web

January 21, 2022

...

News

Title
Author
Date
Publisher
Description
Ryan Weeks
June 15, 2021
The Block
dYdX, the decentralized derivatives exchange, has secured $65 million in a Series C raise led by Paradigm.

References

Golden logo
By using this site, you agree to our Terms & Conditions.