Thursday, December 7, 2023

60 million transactions into one on Ethereum blockchain: StarkWare.

Eli Ben-Sasson, StarkWare founder, says the new Recursive validity proofs could theoretically roll up as many as 60 million transactions into one on the Ethereum blockchain. He made these comments after announcing the start of production of StarkWare’s new Recursive validity proof technology during a presentation on August 7.

Ben-Sasson believes the recursive validity proofs could further scale up transaction throughput to a factor of at least 10 compared to standard Validium scaling. The company has already been rolling up 600,000 mints of non-fungible tokens (NFTs) on the ImmutableX Protocol. The founder says the minimum would be 10x. Ben-Sasson shared that they have been putting 600,000 mints of NFTs, which resulted in a 10 gas per mint. StarkWare can now take 10 of such proofs and generate a recursive proof of all 10 of these things. The company could go to six million at the very least and this is in the near term. It could be very easy to do.

The executive says the number could go up to 60 million with more engineering and tweaking. It will reduce the latency by another factor that’s 5 to 10x very doable. Moreover, StarkNet is a permissionless and decentralized layer-2 ZK rollup that uses Validium to scale transactions. Validiums, like standard ZK-Rollups, works by aggregating thousands of transactions into a single transaction. The new Recursive validity proof technology can batch up several Validium blocks into a single proof. It could be a game-changer for Ethereum as layer-2 scaling solutions like ZK-Rollups and StarkNet’s Recursive validity proofs can offload much of the network congestion and data availability issues that have caused trouble on the Ethereum Mainnet. It can currently process transactions at a rate of 12-15 transactions per second (TPS).

Ben-Sasson, during his presentation at ETH Seoul, highlighted that recursion is great for scaling as it lowers gas costs, has a higher proof capacity, and offers lower latency. The Recursive proving is touted to decrease the amortized cost per transaction on L1 and introduces a secure STARK-based model for layer 3. The StarkNet currently powers protocols including dYdX, Immutable, DeversiFi, and Celer.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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