Chakra, the pioneering BTC settlement network powered by ZK technology and a universal restaking protocol, has announced a new partnership with the Starknet Foundation. This collaboration aims to enhance parallelization and decentralized/shared sequencing for the Madara Starknet Substrate stack.
Our technical team is excited to join forces with @Starknet and @starknetfndn to explore new frontiers in parallelization and decentralized sequencing technologies for the @MadaraStarknet Substrate stack. This partnership marks a significant step forward in advancing blockchain technology.
Chakra and Starknet are set to introduce BlockSTM on the mainnet to improve transaction processing speeds (TPS). This innovative technology will be a game-changer for the Madara Starknet, offering users a more efficient and seamless experience.
Decentralized/shared sequencing has long been a challenge in the Ethereum Foundation L2 world, and Chakra and Starknet Foundation are dedicated to addressing this issue. By enhancing block-building economics on the Madara Starknet chains, this partnership will boost productivity and network robustness. The introduction of core innovations like zkThreads will further push the boundaries of performance, customization, and profitability on the Madara Starknet.
Developers will benefit from these advancements, enabling them to create more sophisticated and successful applications with ease. These efforts in parallelism and sequence will also have a direct impact on Chakra’s networking initiatives.
The collaborative efforts between Chakra and Starknet Foundation will address the scalability issues faced by BTC, providing comprehensive solutions to meet the growing demands of the network. This partnership represents a significant step towards advancing blockchain technology.
The partnership between Chakra and Starknet Foundation signifies a major milestone in blockchain innovation. By focusing on parallelization, decentralized sequencing, and cutting-edge technologies like zkThreads, this collaboration promises to enhance blockchain performance and scalability significantly.