Chakra, the pioneer in utilizing zero-knowledge proofs (ZK) for Bitcoin (BTC) settlements, has announced a strategic alliance with the Starknet Foundation. This collaboration aims to revolutionize parallelization and decentralized sequencing in the Madara Starknet Substrate stack.
The technical team at Chakra is thrilled to partner with Starknet to push the boundaries of parallelization and decentralized sequencing technologies for the Madara Starknet Substrate stack. This partnership will enhance the performance and scalability of the network, ultimately benefiting its users.
One of the key initiatives in this partnership is the implementation of BlockSTM, a technology that enables optimistic parallelization. BlockSTM is expected to be released on the Starknet mainnet in the near future, leading to significant improvements in transactions per second (TPS). These advancements will greatly enhance the functionality of the Madara Starknet, providing a seamless experience for its users.
Another area of focus is decentralized and shared sequencing, which has been a longstanding challenge in the Ethereum Foundation L2 ecosystem. Chakra and Starknet Foundation are working together to improve the block-building economics on Madara Starknet chains, ensuring better productivity and network strength. As part of this collaboration, core innovations such as zkThreads will be introduced, pushing the performance, customizability, and profitability of Madara Starknet to new heights.
This partnership will not only benefit the Madara Starknet, but also support developers in creating more sophisticated and successful applications. The advancements in parallelism and sequencing will also have a direct impact on Chakra’s networking efforts.
Furthermore, the cutting-edge infrastructure resulting from this collaboration will address the scalability issues faced by Bitcoin. By embedding these advanced tools, Chakra Network will be able to provide comprehensive solutions to meet the growing demands of the BTC ecosystem.
The partnership between Chakra and Starknet Foundation is a significant milestone in the blockchain industry. By combining their efforts, both networks will become more efficient and resilient, making them more accessible to developers and users alike.
Overall, this collaboration represents a major innovation in the blockchain space. With a focus on parallelization, decentralized sequencing, and groundbreaking technologies like zkThreads, the partnership promises substantial improvements in blockchain performance and scalability.
