Chakra, the first ZK-driven BTC settlement network with a universal restaking protocol, has revealed its partnership with the Starknet Foundation. This collaboration is intended to improve parallelization and decentralized or shared sequencing for the Madara Starknet Substrate stack.
Announcing our technical team’s strategic partnership with @Starknet @starknetfndn to push frontiers around parallelization & decentralized/shared sequencing technologies for the @MadaraStarknet Substrate stack. pic.twitter.com/PakW5B15SA
— Chakra 🌊 Testnet is LIVE 🌊 (@ChakraChain) June 3, 2024
Chakra and Starknet to Release BlockSTM on Mainnet for TPS Enhancement
One of the key initiatives is optimistic parallelization using BlockSTM. This technology is expected to be released on Starknet mainnet soon, which will signify the start of noticeable TPS (transactions per second) upgrades later this year. These advances will enhance the functionality of the Madara Starknet to benefit its users seamlessly.
Another very important subject to focus on is decentralized / shared sequencing. This has been a long-standing issue in the broader Ethereum Foundation L2 world, as well. Chakra and Starknet Foundation are working together to improve the liveness of block-building economics on Madara Starknet chains. This partnership assures much better productivity and network strength. The collaboration will also unveil core innovations such as zkThreads as initiative. The goal is to bring to the edge of the performance, customizability, and profitability frontier on Madara Starknet.
The partnership will support developers in the creation of more complex and successful applications through these advanced resources. These efforts in parallelism and sequence are also directly applicable to the Chakra networking efforts.
The design of cutting-edge infrastructure that will be the result of this collaboration will also go some way to solving the scaling issues faced by BTC. These innovative technologies will allow Chakra Network to offer comprehensive solutions for the increasing requirements of BTC by embedding these advanced tools.
Chakra and Starknet Partner for Advanced Blockchain Scalability
Combining efforts, Chakra and Starknet Foundation entered a partnership, which appears to be one of the most significant accomplishments in terms of furthering the concept of blockchain. As a result of the integration, both of the networks are likely to benefit regarding 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 blockchain. The collaboration, which targets parallelization, decentralized sequencing, and cutting-edge technologies such as zkThreads, promises substantial improvements in blockchain performance and scalability.