StarkNet, a layer 2 scaling solution for Ethereum, has announced a significant update to its roadmap, with major developments targeting launch in 2024. These updates focus on improving network efficiency, reducing transaction costs, and introducing new transaction types.
Reduced transaction fees
StarkNet v0.13.0, planned for Q1 2024, will reduce Cairo stage/embed costs by 50%.
Layer 1 (L1) data availability is reduced by 10% across the board and additional gas discounts apply per transaction and contract change. This is made possible by the expected increase in block size, which leads to more efficient data batching.
v3 transaction
Version 0.13.0, targeted for Q1 2024, also introduces v3 transactions. With this update, users will be able to make payments. transaction fee In addition to ETH, we use STRK tokens.
v3 trading is designed to support several upcoming features, including a fee market to optimize trading during periods of congestion and a paymaster mechanism for alternative fee payment methods.
Other features include account distribution via initial transaction, Volition mode to reduce data availability costs, and Nonce generalization to allow multiple concurrent transactions.
future development
StarkNet plans to further reduce layer 1 costs with Ethereum EIP-4844, but a timeline has not yet been determined.
In version 0.14.0, a transaction fee market was proposed to increase transaction finality.
Details of a feature called Volition mode that will further reduce transaction costs in future versions are still being worked out.
This roadmap update reflects StarkNet’s ongoing efforts to improve the scalability and efficiency of the Ethereum network, providing cost savings and expanded functionality to users.
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