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As the dust settled over the Ethereum network’s highly-anticipated transition to proof-of-stake (PoS), Eli Ben-Sasson, the co-founder of Starkware, gave his thoughts on its execution and potential for the future.Speaking to Cryptox’s Gareth Jenkinson at the Token2049 event, Ben-Sasson shared his thoughts on the current situation post-Merge and how it
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“After turning on recursion this week, we now have the ability to fit tens of millions of NFT mints into a single recursive proof, and therefore into a single Ethereum transaction,” said Eli Ben-Sasson, president and co-founder at StarkWare, in a media brief provided to CryptoX. “We’re not using recursion
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Zero-knowledge (ZK) rollup tech company StarkWare founder Eli Ben-Sasson says its new Recursive validity proofs could theoretically roll up as many as 60 million transactions into one on the Ethereum blockchain.The zkSTARK co-inventor made the comments to Cryptox during ETH Seoul on Aug. 7 after announcing the start of production
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The token’s existence was implied in an email posted by Three Arrows Capital co-founder Su Zhu. Original Source
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StarkWare technology addresses the scalability issues of the Ethereum blockchain, which cause slow throughput and raise gas, or transaction, fees. The company has two platforms. The StarkEx scaling engine, which the company said handles more transactions per month than the Bitcoin network, powers the likes of non-fungible token (NFT) platform
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StarkNet uses rollups to squash Ethereum’s crushing gas fees Original Source
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