Buterin praises the Ethereum update of Starknet

In a recent post on the social media platform X, Ethereum (ETH) co-founder Vitalik Buterin expressed excitement for the new version 0.13.3 of Starknet, the layer 2 scaling solution for the Ethereum network. 

This update, according to Buterin, represents an important step towards greater efficiency and scalability of the Ethereum blockchain, significantly reducing the costs of gas blob.

The update for Ethereum: Starknet and the praise of Buterin

Starknet, one of the main layer 2 solutions developed by StarkWare, is designed to improve the scalability of the Ethereum network, offering greater transaction processing capacity at reduced costs. 

Version 0.13.3 introduces significant improvements, including a fivefold reduction in blob gas costs. This progress is crucial for addressing the challenges related to the growing demand for computational resources on Ethereum.

Data blobs are an essential component for storing information related to transactions in layer 2 rollups. 

Ethereum (ETH), as a layer 1 blockchain, serves as the foundation for storing this data, but their increasing use has led to a rise in fees, putting pressure on projects that rely on the network.

Version 0.13.3 of Starknet introduces two main technical innovations to address these challenges: transaction squashing and state-diff compression. 

These tools allow for the reduction of the volume of data that needs to be stored and transmitted, thus lowering the fees associated with gas blob. This approach represents a breakthrough for level 2 rollups, as it offers a more cost-effective and scalable solution for transaction management.

The update not only reduces costs, but also increases the capacity of the Ethereum network to support a greater number of transactions without compromising security or efficiency. 

For developers and projects building decentralized applications (dApp) on Ethereum, this evolution represents an opportunity to improve the user experience and attract new users to the platform.

The impact on the Ethereum community

The approval of Vitalik Buterin highlights the importance of this update for the entire Ethereum ecosystem. The co-founder has always supported innovative solutions to improve the scalability and efficiency of the network, and the new version of Starknet aligns perfectly with this vision.

With the growing adoption of Ethereum, the theme of scalability has become crucial. Layer 2 solutions, such as Starknet, play a key role in alleviating the load on the main network, allowing for greater processing speed and lower costs. 

The reduction of gas blob fees introduced by Starknet 0.13.3 represents a significant step towards the goal of making Ethereum an accessible and sustainable platform for a wider audience.

Blob and rollup: a new era for Ethereum

The management of blobs is a central topic in discussions about the scalability of Ethereum. 

The layer 2 rollups, which group transactions off the main chain and compress them before sending them to Ethereum, are essential for reducing the load on the main blockchain. However, the process of storing blobs is expensive and complex, making solutions like those offered by Starknet essential.

Thanks to 0.13.3, the network can now store and manage blobs more efficiently, increasing Ethereum’s ability to support large-scale applications without sacrificing decentralization or security. 

This progress does not only concern developers, but has direct implications for users and investors who are looking for more convenient and faster solutions to interact with the network.

The update 0.13.3 marks a turning point for Starknet and the entire Ethereum ecosystem. 

The reduction of costs and the increase in efficiency demonstrate that layer 2 solutions can solve some of the most pressing problems of the main network, making Ethereum more competitive and attractive compared to other blockchains.

Vitalik Buterin has praised not only the technical improvements introduced but also StarkWare’s innovative approach in solving complex problems with practical and scalable solutions. His enthusiasm reflects a recognition of the need for continuous technological improvements to keep Ethereum at the center of the bull and bear cryptocurrency landscape.

Conclusion

Version 0.13.3 of Starknet represents a milestone for the scalability and efficiency of Ethereum. By significantly reducing blob gas costs and improving data management, Starknet is paving the way for a more accessible, faster, and scalable Ethereum network. With the support of influential figures like Vitalik Buterin, the update promises to have a lasting impact on the future of the blockchain ecosystem.