Developers of the Starknet project have introduced a mechanism for executing multiple transactions simultaneously in their layer-two solution.
2-second txs are here ?
Parallel Execution and Block Packing are now live on Starknet mainnet!
With higher TPS capacity, more frequent blocks and faster tx confirmation time, Starknet is now smoother than ever.https://t.co/x7oPTYByB4 pic.twitter.com/Z23OKboPlT
— Starknet ?? (@Starknet) August 28, 2024
Parallel execution was implemented as part of the latest system upgrade to version 0.13.2. In addition to parallel data processing, the project team introduced a “block packing” feature, optimizing space by more densely arranging transactions.
“Today, L2s are like mini-markets with a single checkout, as our sequencers can only process one transaction at a time,” stated Eli Ben-Sasson, CEO of StarkWare and board member of the Starknet Foundation.
According to him, the approach to implementing the system was radically revised to enable the simultaneous execution of multiple operations.
Starknet developers noted that the update will also reduce transaction confirmation time to two seconds (from 10-80).
Since the beginning of the year, the number of active addresses on the platform has significantly decreased.
This trend became apparent shortly after the airdrop.
On-chain data also illustrates a noticeable decline in daily transaction volumes. A similar trend is observed with competitor zkSync.
Projects Linea and Scroll, which have not yet conducted airdrops, show much higher figures.
Earlier, Starknet (STRK) holders were invited to vote on the launch of staking.