An Israeli-based firm, Starkware, which is behind famous Ethereum scaling solutions like StarkNet and StarkEx, announced plans on Monday to open source its STARK Prover software. The firm says this software will be under Apache 2.0 license and also rename it to StarkNet Prover.
StarkWare utilizes zero-knowledge technology to enable the Ethereum blockchain to achieve cheaper and faster transactions by putting together thousands of transactions off-chain and verifying them in-chain at a relatively low cost.
How Web3 Builders Could Benefit From the Open-Sourced Technology
If STARK Prover becomes an open source, Web3 developers will be able to copy and modify the software’s source code. In addition, they can sell the modifications or copies without paying StarkWare any royalties.
On Monday, while speaking at an event in Tel Aviv, Eli Ben-Sasson, StarkWare President, stated that the firm’s decision to open source its software for scaling Ethereum is a huge boost to the entire crypto industry as it becomes a public good meant to benefit all people.
Further, the codebase in which the Israeli-based tech firm is developing the StarkNet Prover is derived from STARK software, utilized since 2020. The software has proved transactions from popular StarkEx-based dApps (Decentralized applications), including dYdX, Immutable X, and Sorare.
StarkWare says that making StarkNet Prover accessible to every Web3 developer will fuel collaboration within the builders’ community. However, as the firm aims to decentralize its technology, Ben-Sasson admitted that it would take significant time to implement this move fully.
Other StarkWare’s Open-Sourced Technologies
StarkWare has previously open-sourced some of its technologies, including an updated version of StarkNet’s smart contract language, Cairo 1.0, alongside the Starknet sequencer, designed to order transactions and produce blocks and the Papyrus Full Node.
While referring to the FTX collapse, Ben-Sasson said that the crypto industry is in need of scaling solutions that offer a good user experience. Therefore decentralizing key technology drives developers to build solutions that can enable crypto users to manage their funds.
The StarkWare President continued to say that self-custody is the key to giving crypto users confidence. So there is a direct connection between decentralizing key technology and popularizing self-custody.
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