StarkWare has unveiled ZKThreads, an innovative scaling framework that aims to prevent locked funds and enhance the scalability of decentralized applications (DApps).
Louis Guthmann, the head of product/market strategy at StarkWare, emphasized the significance of ZKThreads, stating that the layer-scaling technology they have developed could potentially avert a catastrophic event like FTX. He stated:
In collaboration with Cartridge, ZKThreads aims to address the issue of fragmentation by establishing a standardized environment for the creation of easily verifiable applications.
This initiative builds on StarkWare’s concept of “fractal scaling,” which was introduced in 2021 as an alternative to existing ZK systems that often operate independently, resulting in fragmented liquidity, resources, and limited app connectivity.
In his conversation with Cointelegraph, Guthmann, the driving force behind the ZKThreads project, emphasized the broad implications it would have on the construction of DApps.
StarkWare’s layer-2 solution, Starknet, achieves horizontal scaling through execution sharding, bolstered by zero-knowledge (ZK) proofs. This process involves breaking down tasks into smaller components while ensuring the accuracy, security, and privacy of confidential information associated with each executed task. Guthmann added:
Recently, the Institute of Electrical and Electronics Engineers recognized a research paper from a decade ago as a “blueprint” for the first practical application of ZK-proofs. Eli Ben-Sasson, the founder of StarkWare, was one of the authors of this publication.
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FTX-like fund lockups could be avoided with the implementation of StarkWare's ZKThreads solution.