'100x Lower Than L1 Fees' — Alchemy Integrates Ethereum L2 Product Starknet to Increase Web3 Scalability

'100x Lower Than L1 Fees' — Alchemy Integrates Ethereum L2 Product Starknet to Increase Web3 Scalability

THELOGICALINDIAN - According to the startup Starkware the teams Ethereum band two L2 account Starknet has been chip by the blockchain API and bulge account Alchemy Developers can now advantage Alchemys basement accoutrement alongside Starknets zeroknowledge ZK rollup technology

Israel-Based Startup Starkware Partners With Alchemy

On Monday, the blockchain startup Starkware announced the aggregation has active a cardinal affiliation with Alchemy. The affiliation will acquiesce Abracadabra barter to body decentralized accounts (defi) and Web3 applications application Starknet, Starkware’s Ethereum band two (L2) service.

Essentially, Alchemy is a blockchain basement close that provides bulge casework and blockchain APIs to clients. For instance, Alchemy’s Supernode provides API alarm abstracts for networks like Ethereum, Polygon, Arbitrum, Optimism, and Flow.

Starkware revealed the Alchemy accord on Twitter and added remarked that Alchemy’s apartment of articles will “make it easier and added attainable for the growing cardinal of developers to body on Starknet.”

The L2 artefact Starknet’s rollups use ZK-based computations that advance authority proofs and the activity claims Starknet gas fees are “100x lower” than band one (L1) Ethereum fees. The defi perpetuals and derivatives agreement Dydx leverages ZK-based rollup tech that is agnate to Starknet’s basal framework.

“We’re aflame about acknowledging Starknet because we accept that Starknet’s appliance of authority and ZK-rollups action solutions to amount Web3 problems,” Alchemy said in a account appear on Monday. “These solutions access scalability by bundling affairs calm off-chain, and again acceptance them on-chain with aloof a atom of the costs.” Alchemy continued:

Starkware Valued at $2 Billion

The Alchemy affiliation follows Starkware absolute at the end of February that Starknet Alpha was deployed on mainnet. In November, Starkware aloft $50 actor in a Series C led by Sequoia Capital, and $173 million in all-embracing basic injections propped the Israel-based startup’s appraisal to $2 billion. The co-inventor of Starknet and co-founder and admiral of Starkware, Eli Ben-Sasson, believes the affiliation will be a game-changer.

“It agency that with Alchemy’s infrastructure, the developer association now can added calmly admission Starknet, the best acid bend permissionless ascent platform, harnessing the ability of authority proofs,” the Starkware controlling remarked in the affiliation announcement.

What do you anticipate about Starkware partnering with Alchemy? Let us apperceive what you anticipate about this accountable in the comments area below.

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