{"id":368706,"date":"2021-11-17T21:15:00","date_gmt":"2021-11-17T18:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ethereum-layer-two-developer-starkware-valued-at-2b-following-50m-raise\/"},"modified":"2021-11-17T21:15:00","modified_gmt":"2021-11-17T18:15:00","slug":"ethereum-layer-two-developer-starkware-valued-at-2b-following-50m-raise","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ethereum-layer-two-developer-starkware-valued-at-2b-following-50m-raise\/","title":{"rendered":"# Ethereum layer-two developer StarkWare valued at $2B following $50M raise"},"content":{"rendered":"<p>&#8220;<strong># Ethereum layer-two developer StarkWare valued at $2B following $50M raise <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvMDBjN2FiMWUtOTJjNS00Njg4LWIyM2UtMjIxOGUxMTUwMDNiLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Israel-based StarkWare <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/StarkWareLtd\/status\/1460626334137425926?s=20\">announced<\/a> on Tuesday via <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> that it had raised $50 million in a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> C funding round, and that the firm\u2019s valuation is now at $2 billion. Sequoia Capital was the lead investor, among other contributors. Seven months ago, StarkWare raised $75 million in a Series B funding led by Paradigm.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We are excited to announce our Series C of $50M at $2B.<\/p>\n<p>A big thanks to our lead investor, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/sequoia?ref_src=twsrc%5Etfw\">@sequoia<\/a>, our wonderful follow-on investors, and the dozens of ecosystem partners and collaborators who participated in this round, for their vote of confidence in our products and tech. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/CuaeMSf2s6\">pic.twitter.com\/CuaeMSf2s6<\/a><\/p>\n<p>\u2014 StarkWare (@StarkWareLtd) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/StarkWareLtd\/status\/1460626334137425926?ref_src=twsrc%5Etfw\">November 16, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThis <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/starkware\/starknet-alpha-is-coming-to-mainnet-b825829eaf32\">comes<\/a> ahead of the launch of StarkNet Alpha 2, an upgrade to its Zero-Knowledge Rollup <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>, or zk-Rollup, on Ethereum mainnet, which is currently scheduled for deployment by the end of November. The company said that StarkNet Alpha plans to support permissioned smart contract deployment, opening up the scaling technology to whoever wants to build on it.<\/p>\n<p>StarkWare is among the few layer-two scaling protocols for Ethereum that have recently surged in adoption despite the climb in gas prices. Its StarkEx L2 scalability engine has allowed partners, such as trading platform dYdX, to submit on-chain trades in zk-Rollups. This minimizes trading fees by reducing the amount of gas. The dYdX exchange recently released a governance token, DYDX, and its airdrop surpassed $100,000 for the most active users.<\/p>\n<p>There are two main types of rollup technology: zk and Optimistic Rollups. While Optimistic Rollups assume transactions are valid by default and only run the computation, ZK-Rollups generate zero-knowledge proofs for validating transactions and submit those proofs to the Ethereum mainnet continuously. With a zk-Rollup, validating a block and transferring funds is quicker and cheaper because less data is included. <\/p>\n<p>Starkware\u2019s L2 competitor Polygon simultaneously launched its zk-STARK powered Miden Virtual Machine for the development of decentralized <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications, also known as DApps.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ethereum-layer-two-developer-starkware-valued-at-2b-following-50m-raise\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Ethereum layer-two developer StarkWare valued at $2B following $50M raise &#8221; Israel-based StarkWare announced on Tuesday via Twitter that it had raised $50 million in a Series C funding round, and that the firm\u2019s valuation is now at $2 billion. Sequoia Capital was the lead investor, among other contributors. Seven months ago, StarkWare raised&#8230;<\/p>\n","protected":false},"author":1,"featured_media":368707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvMDBjN2FiMWUtOTJjNS00Njg4LWIyM2UtMjIxOGUxMTUwMDNiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74863,74983,74868,74891,75719,74355,70917,4965],"class_list":["post-368706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrencies","tag-decentralization","tag-defi","tag-ethereum","tag-funding","tag-adoption","tag-startups","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=368706"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/368707"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=368706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=368706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=368706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}