The creator of StarkWare, Eli Ben-Sasson, says that his company’s innovative Recursive validity proofs could theoretically add up to 60 million transactions to the Ethereum network.
The co-creator of zkSTARK said these things during a presentation at ETH Seoul on Sunday. He said these things after announcing that StarkWare’s new Recursive validity proof technology was going into production.
Ben-Sasson said that recursive validity proofs could increase transaction throughput by a factor of 10 compared to traditional Validium scaling, and that the ImmutableX protocol had already created 600,000 nonfungible tokens (NFTs).
“We could go to six million at the very least, and this is in the near term. That’s something that would be very easy to do.” He said more:
“We could go to six million at the very least, and this is in the near term. That’s something that would be very easy to do.”
Ben-Sasson says that the amount could “go up to $60 million with more engineering and testing.”
“I think also reducing the latency by another factor that’s 5 to 10x is also very doable.”
StarkNet is a layer-2 zk-Rollup without permission that uses Validium to scale transactions. Validiums work like regular zk-Rollups because they combine thousands of transactions into one transaction. The new Recursive validity proof technology from StarkNet can combine many Validium blocks into a single proof.
This scaling solution could be a game changer for Ethereum, since layer-2 scaling solutions like zk-Rollups and StarkNet’s Recursive validity proofs could solve many of the network congestion and data availability problems on the Ethereum mainnet. At the moment, the Ethereum mainnet can handle between 12 and 15 transactions per second (TPS).
Ben-Sasson said during his talk at ETH Seoul that recursion helps scale because it saves gas costs, has a larger proof capacity, and has lower latency.
Starknet’s production SHARP systems now have recursion turned on. Recursive proving has the potential to lower the amortized cost per transaction on layer 1 by a lot while also giving layer 3 a secure STARK-based architecture. It’s good to see big scaling solutions coming to light.
StarkNet has been running on the Ethereum blockchain since June 2020. It is what powers protocols like dYdX, Immutable, DeversiFi, and Celer right now.
Vitalik Buterin, an Ethereum developer, was excited about zk-Rollups on Sunday and said that the scaling method was better than Optimistic Rollups:
“In the longer term, ZK-Rollups are eventually going to beat Optimistic Rollups because they have these fundamental advantages, like not needing to have a seven-day withdrawal period.”
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