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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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In-depth Analysis of the Starknet Ecosystem: 5 Highlights and Challenges Coexisting
5 Things I Learned at the StarkWare Conference
As a long-time observer of the Ethereum ecosystem, I have always been curious about the StarkWare ecosystem. Attending the StarkWare conference has given me a deeper understanding of this unique L2 solution. Here are my five main takeaways:
1. Starknet governance is still in the initial stages.
After arriving in Tel Aviv, I attended a Starknet governance seminar. It was clearly felt from the discussions that Starknet's community governance is still in a very early stage. Currently, it is mainly dominated by protocol developers, and although the Cairo developer community is active, it is still relatively small in scale.
However, developers generally show a strong sense of ownership and are enthusiastic about participating in network governance. Despite facing challenges, the Starknet community seems ready to embrace the future of decentralization.
2. Starknet Maintains Independence from Ethereum
StarkWare chooses to build a technology stack independent of Ethereum, which to some extent creates a gap with the Ethereum ecosystem. However, through in-depth understanding, I realize that this independence is meaningful.
Starknet uses a custom Cairo language and virtual machine. Although it sacrifices the network effects of Ethereum, it is able to better leverage the potential of StarkWare technology. Currently, it seems that Cairo has formed its own network effects.
3. The learning cost of the Cairo language may not be high
As a supporter of the EVM ecosystem, I previously held a bias against the Cairo language. However, through conversations with developers, I found that the learning burden of Cairo may not be as heavy as I imagined.
The StarkWare team has optimized its own technology, and the Cairo language is designed to fully leverage StarkWare's advantages. Although it is somewhat separated from the Ethereum ecosystem, Cairo has already formed a strong developer network effect.
In addition, there are also teams building bridges between Solidity and Cairo to lower the development threshold.
4. The Combination of Smart Contract Wallets and L2 Has Great Potential
At the StarkWare conference, multiple smart contract wallets (SCW) teams appeared, which made me realize the huge potential of the combination of SCW and L2.
Compared to traditional EOA wallets, SCW can provide users with a better experience. L2 solutions such as ZK-Rollup offer an ideal environment for the widespread application of SCW. In the future, SCW is likely to become the mainstream wallet form.
5. ZK-Rollup does not truly use zero-knowledge proofs
This is an interesting discovery - most so-called "ZK-Rollups" do not actually use zero-knowledge proof technology, but rather utilize validity proofs. This is worth noting, as it helps us better understand the technical principles of various L2 solutions.
Overall, the StarkWare conference gave me a more comprehensive understanding of this ecosystem. Although it is still in the early stages, Starknet has shown tremendous potential. I look forward to seeing the future development of this unique L2 ecosystem.