Open Sourcing STARK Prover Technology to Revolutionize the Blockchain
StarkWare, the blockchain scaling system creator that reached an $8 billion valuation last year, is revolutionizing the industry by open–sourcing its core cryptographic software tool. The STARK Prover technology powers two of StarkWare‘s platforms: StarkEx and StarkNet, both of which tackle the scalability issues of Ethereum and enable developers to build decentralized applications (dapps). By open–sourcing STARK Prover technology, StarkWare is giving the blockchain world a secure and efficient blockchain scaling solution that can revolutionize the way people use the blockchain.
StarkWare to Open Source Technology Stack: A Catalyst for Mass Onboarding to Self-Custody Solutions
StarkWare, a technology company based in Tel Aviv, Israel, recently announced plans to open source its entire technology stack at the two–day StarkWare Sessions 2023 event. According to StarkWare co–founder and President Eli Ben–Sasson, open sourcing the technology stack is a key catalyst for developers to build new solutions and enable people to manage their own funds. The company noted that the process of open sourcing will take time to implement, but is committed to making the entire tech stack transparent and accessible. With the open source of its technology stack, StarkWare is paving the way for more self-custody solutions and mass onboarding to these solutions.
Crypto Infrastructure Projects Thrive Despite Market Volatility
The crypto market has experienced significant volatility in recent months, with the collapse of centralized crypto exchange FTX leading to an increased focus on crypto infrastructure projects. Despite a 91% year-over-year decrease in investments in crypto companies in January, infrastructure projects have remained relatively strong and have been the highest-earning vertical. This suggests that investors are looking to crypto infrastructure projects as a safe haven in times of market uncertainty. These projects are focused on building the necessary infrastructure to support the growth of the crypto industry, and are likely to continue to be attractive investments in the future.
