Chakra, the first ZK-powered BTC settlement network with a universal withdrawal protocol, has unveiled its partnership with the Starknet Foundation. This collaboration aims to improve parallelization and decentralized or shared sequencing for the Madara Starknet Substrate stack.
Announcing our engineering team’s strategic partnership with @Starknet @starknetfndn to push boundaries in parallelization and decentralized/shared sequencing technologies for the @MadaraStarknet Substrate stack. pic.twitter.com/PakW5B15SA
— Chakra 🌊 Testnet is LIVE 🌊 (@ChakraChain) June 3, 2024
Chakra and Starknet release BlockSTM on Mainnet for TPS improvement
One of the key initiatives is optimistic parallelization using BlockSTM. This technology is expected to be released on the Starknet mainnet soon, marking the start of noticeable TPS (transactions per second) upgrades later this year. This advancement will improve the functionality of the Madara Starknet so that users can benefit from it seamlessly.
Another very important topic to focus on is decentralized/shared sequencing. This has also been a long-standing problem in the broader Ethereum Foundation L2 world. Chakra and Starknet Foundation are working together to improve the vibrancy of the block building economy on Madara Starknet chains. This partnership ensures much better productivity and network strength. The collaboration will also unveil core innovations such as zkThreads as an initiative. The goal is to reach the limits of performance, adaptability and profitability on Madara Starknet.
The partnership will support developers in creating more complex and successful applications through these advanced resources. These parallelism and sequencing efforts also apply directly to the Chakra networking efforts.
The design of an advanced infrastructure that will result from this collaboration will also contribute to solving the scale problems that BTC faces. These innovative technologies will enable Chakra Network to provide comprehensive solutions for BTC’s increasing demands by integrating these advanced tools.
Chakra and Starknet collaborate for advanced blockchain scalability
Combining their efforts, Chakra and Starknet Foundation have formed a partnership, which appears to be one of the most significant achievements in terms of advancing the concept of blockchain. As a result of the integration, both networks are likely to benefit from the level of effectiveness and resilience of blockchain networks. It will make them more accessible and efficient for developers and ultimately users.
Ultimately, the partnership agreement between Chakra Innovations and Starknet Foundation is an incredible innovation in the blockchain space. The collaboration, which focuses on parallelization, decentralized sequencing and advanced technologies such as zkThreads, promises substantial improvements in blockchain performance and scalability.