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The company has two platforms: the StarkEx and StarkNet scaling engine, which places technologies in the hands of decentralized application construction developers (dapps).Ware, a creator of blockchain scaling systems that has reached an $8 billion valuation last year, announced plans on Monday to open source its core cryptographic software tool.
Israel-based starkware technology addresses ethereum scalability issues that cause slow flow and high gas or transaction costs. The enterprise has two platforms: the starkex and starknet scaling engine, which puts technologies in the hands of decentralised application building developers (dapps). Starkware plans to open the austere prover technology fueling these projects to the source.
It was announced during the two-day sessions of Starkware 2023 in Tel Aviv, Israel. The company stated that the open source plan will take time to implement.
Starkware is committed to making the whole technology seamless for developers. "each action we take to deliver infrastructure, and to ensure its accessibility and decentralisation, is a catalyst for developers to build,' said the co-founder of starkware and chairman eli ben-sasson in a summit statement. Every single step we take to deliver infrastructure, and to ensure its accessibility and decentralisation, is a catalyst for developers to build,' said StarkWare co-founder and president Eli Ben-Sasson in a high-level statement.
And the faster and broader they grow, the faster we're going to see massive integration into solutions that really allow people to manage their own funds. In January, investments in crypto companies fell 91% year over year as backers moved away from centralized finance projects. In January, investment in cryptography companies fell 91% year-over-year as donors abandoned centralized funding projects.
UPDATE (UTC 14:38): Removes extraneous text.
