'100x Lower Than L1 Fees' — Alchemy Integrates Ethereum L2 Product Starknet to Increase Web3 Scalability – Defi Bitcoin News

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'100x Lower Than L1 Fees' — Alchemy Integrates Ethereum L2 Product Starknet to Increase Web3 Scalability – Defi Bitcoin News
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Starkware says the team’s Ethereum layer two (L2) service Starknet has been integrated by the blockchain API and node service Alchemy. DeFi Blockchain

that Alchemy’s suite of products will “make it easier and more accessible for the growing number of developers to build on Starknet.”

The L2 product Starknet’s rollups use ZK-based computations that utilize validity proofs and the project claims Starknet gas fees are “100x lower” than layer one Ethereum fees. The defi perpetuals and derivatives protocol“We’re excited about supporting Starknet because we believe that Starknet’s utilization of validity and ZK-rollups offer solutions to core Web3 problems,” Alchemy said in a statement published on Monday.

But in contrast to other Layer 2 scaling solutions, such as optimistic rollups that can take longer to confirm transactions, validity rollups use what are called validity proofs to instantly prove if transactions are valid or not.The Alchemy integration follows Starkware revealing at the end of February that Starknet Alpha was

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