Blockchain Developer Platform Alchemy Launches Public Support for ZK Rollup StarkNet
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Margaux Nijkerk reports on blockchain protocols with a focus on the Ethereum ecosystem. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a very small amount of ETH and other altcoins.
Alchemy, which provides tools for software developers to build apps for blockchains, released a public version of its platform for StarkNet – seen as a project to watch because of the combination of two hot technologies, zero-knowledge cryptography and account abstraction.
While the new offering represents just one of the 39 blockchains that Alchemy supports, the company said that the StarkNet integration is key because of its “fast-growing developer community” and the project’s “pioneering approach to zero-knowledge rollups.”
StarkNet is a ZK rollup, which scales a main blockchain by bundling transactions and processing them for faster and cheaper on a separate one. ZK Rollups use some cryptography known as “zero-knowledge proofs,” to ensure that a transaction is valid by only showing a small amount of information about that transaction before posting it back to the main blockchain (in this case Ethereum.)
StarkNet also has native account abstraction, which allows users to access blockchains via smart-contract wallets, making the experience easier.
The integration of StarkNet into Alchemy’s suite could be a sign of demand from developers to build more with account abstraction.
“Native AA unlocks a ton of flexibility and room for innovation for wallet UX,” Alex Miao, a software engineer at Alchemy, told CoinDesk in an email. (“UX” is short for user interface.) “Developers can incorporate customizable account permissions, build in safeguards to run at the wallet level, and create simple transaction flows. This empowers developers to build for a world where end users and businesses are always represented by a smart-contract wallet.”
Edited by Bradley Keoun.
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Margaux Nijkerk reports on blockchain protocols with a focus on the Ethereum ecosystem. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a very small amount of ETH and other altcoins.
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Margaux Nijkerk reports on blockchain protocols with a focus on the Ethereum ecosystem. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a very small amount of ETH and other altcoins.
