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 More TPS less gas Ethereum L2 Starknet outlines performance upgrades

More TPS less gas Ethereum L2 Starknet outlines performance upgrades


Published: 2023-05-01


1. Ethereum Layer 2 Solution StarkNet Unveils Performance Upgrades StarkNet,a scaling solution based on Ethereum Layer 2,recently announced significant performance upgrades that promise to improve transaction processing speeds while reducing gas fees. According to the company's CEO,these upgrades will allow StarkNet to handle over 5,000 transactions per second (TPS) while keeping gas fees under control. By moving most of the processing off-chain,StarkNet aims to compete with other Layer 2 solutions such as Polygon and Optimism. The company has already rolled out a beta version of its network and plans to launch the mainnet by the end of the year.

2. The Benefits of Layer 2 Scaling Solutions for Ethereum The high fees and slow transaction processing times on Ethereum have long been a source of frustration for users and developers. Layer 2 scaling solutions provide a way to overcome these limitations without sacrificing the security and decentralization of the mainnet. With Layer 2 solutions such as StarkNet,users can benefit from faster and cheaper transactions while still being able to interact with the Ethereum ecosystem. This will enable more use cases for decentralized applications (dApps) and make Ethereum more accessible to a wider range of users.

3. Challenges and Limitations for Ethereum Layer 2 Solutions While Layer 2 solutions offer a promising path towards scalability,they are not without their own set of challenges and limitations. One of the main issues with Layer 2 is interoperability,as it can be difficult for dApps to interact with each other across different scaling solutions. There is also the risk of centralization,as some Layer 2 solutions rely on trusted validators to process transactions. Additionally,adoption of Layer 2 solutions may take time,as it requires migrating existing dApps from the base layer to the Layer 2 networks. However,with the continued development of Layer 2 solutions like StarkNet,Ethereum may be better positioned to address its scalability issues in the near future.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 66,153.84 2,053,774,944.87
2 ARS title=ARS 1,095.20 1,370,070,823.50
3 ETH title=ETH 3,045.93 996,738,873.89
4 SOL title=SOL 168.94 714,183,644.51
5 PEPE title=PEPE <0.01 367,108,412.26
6 BOME title=BOME 0.01 196,293,251.83
7 RUNE title=RUNE 6.97 178,051,054.15
8 DOGE title=DOGE 0.15 171,915,253.22
9 WIF title=WIF 2.86 166,571,682.21
10 XRP title=XRP 0.52 163,520,685.62
11 LINK title=LINK 16.32 162,828,435.76
12 PEOPLE title=PEOPLE 0.05 161,843,117.59
13 NEAR title=NEAR 8.38 139,626,385.21
14 FTM title=FTM 0.80 132,015,609.61
15 FLOKI title=FLOKI <0.01 122,723,354.34
16 ENA title=ENA 0.71 98,760,912.72
17 RNDR title=RNDR 10.09 96,690,246.78
18 JTO title=JTO 4.59 74,950,257.12
19 BONK title=BONK <0.01 74,316,378.96
20 SUI title=SUI 1.05 69,501,319.07
21 WLD title=WLD 4.92 67,856,350.29
22 AVAX title=AVAX 37.16 67,145,998.22
23 AR title=AR 48.61 55,845,417.90
24 AEVO title=AEVO 0.82 51,196,814.19
25 SEI title=SEI 0.56 50,734,093.01
26 ADA title=ADA 0.48 48,447,257.27
27 ICP title=ICP 12.96 46,505,369.90
28 STX title=STX 2.05 44,504,256.58

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Chainlink title=LINK 16.32 +17.00
2 Loom Network (NEW) title=LOOM 0.10 +16.85
3 Arweave title=AR 48.61 +10.85
4 Biconomy title=BICO 0.52 +10.27
5 Lido DAO title=LDO 1.76 +9.63
6 Hedera title=HBAR 0.12 +7.48
7 Avalanche title=AVAX 37.16 +7.18
8 SSV Network title=SSV 39.03 +6.49
9 THORChain title=RUNE 6.97 +6.46
10 Lisk title=LSK 2.06 +5.37
11 Metal DAO title=MTL 1.95 +5.36
12 Cardano title=ADA 0.48 +5.22
13 Vanar Chain title=VANRY 0.20 +5.18
14 Internet Computer title=ICP 12.96 +5.08
15 Raydium title=RAY 1.87 +4.97
16 Vulcan Forged title=PYR 4.51 +4.89
17 Pendle title=PENDLE 4.62 +4.79
18 Flux title=FLUX 0.92 +4.74
19 Quickswap [OLD] title=QUICK 0.06 +4.50
20 Chromia title=CHR 0.35 +4.48
21 Polymesh title=POLYX 0.42 +4.39
22 Synthetix Network title=SNX 2.72 +4.33
23 Enjin Coin title=ENJ 0.31 +4.29
24 Injective title=INJ 24.93 +4.18
25 Solana title=SOL 168.94 +3.81
26 Ethereum Name Service title=ENS 14.93 +3.75
27 JOE title=JOE 0.50 +3.74
28 Theta Network title=THETA 2.23 +3.71
29 PIVX title=PIVX 0.35 +3.59
30 Metis title=METIS 60.71 +3.53

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 BOOK OF MEME title=BOME 0.01 -8.08
2 Stacks title=STX 2.05 -7.18
3 Bonk title=BONK <0.01 -6.97
4 Bluzelle title=BLZ 0.36 -6.78
5 Rocket Pool title=RPL 19.50 -6.61
6 Aevo title=AEVO 0.82 -6.43
7 RSK Infrastructure Framework title=RIF 0.16 -6.24
8 Renzo title=REZ 0.11 -5.94
9 Pepe title=PEPE <0.01 -5.74
10 High title=HIGH 4.71 -5.67
11 dogwifhat title=WIF 2.86 -5.66
12 Viction title=VIC 0.42 -5.54
13 W 0.55 -5.18
14 Tensor title=TNSR 0.86 -5.10
15 Pixels title=PIXEL 0.36 -4.96
16 iExec RLC title=RLC 3.24 -4.88
17 BakerySwap title=BAKE 0.28 -4.86
18 1000SATS (Ordinals) title=1000SATS <0.01 -4.80
19 Memecoin title=MEME 0.03 -4.62
20 FarmBot title=FARM 67.92 -4.62
21 CyberConnect title=CYBER 7.44 -4.51
22 VeThor title=VTHO <0.01 -4.33
23 Render title=RNDR 10.09 -4.28
24 DataBot title=DATA 0.05 -3.95
25 FLOKI title=FLOKI <0.01 -3.91
26 FIO Protocol title=FIO 0.03 -3.90
27 Saga title=SAGA 2.22 -3.80
28 Cats Of Sol title=COS 0.01 -3.65
29 Manta Network title=MANTA 1.59 -3.46
30 REI Network title=REI 0.07 -3.20

Bitcoin's Greed and Fear Index.

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74
Greed

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at news day date time
1 CB Leading Index m/m Friday 17-05-2024 15:00
2 FOMC Member Waller Speaks Friday 17-05-2024 15:15
3 FOMC Member Daly Speaks Friday 17-05-2024 17:15
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