On the blockchain, ZK-rollup works to make sure its users seamlessly conduct faster and more effective transactions to effect expansion on the Ethereum blockchain. However, it hasn’t reached its full potential because Ethereum isn’t a modular blockchain.
To ease its workload and manage traffic on the chain, the zkSync and the Starkware have certain functionalities and characteristics that enforce these achievables in various ways that differ. They include the team and the initial stage, technology, data availability, financing, personal views, and the attached opportunities.
However, before highlighting these features, what are ZkSync and Starkware?
ZkSync
zkSync is a centric ZK rollup platform developed by matter labs, receiving funds from top investors and mainly the Ethereum foundation. However, it is a Layer 2 scaling solution that offers cheaper and faster transactions than the main Ethereum blockchain.
Layer 2 solutions move most of its activity away from Layer 1, while still inheriting its security and finality.
Starkware
StarkWare improves scalability and privacy in blockchains using STARK technology, a family of cryptographic proofs that are zero-knowledge (ZK), succinct, transparent, and post-quantum secure.
The Team And The Initial Stage
Earlier in 2010, a group of cryptographers, techy nerds and anarchists, who believed in bitcoin’s potentials, yet couldn’t trade, created the first exchange platform (Mt.Gox). The same thing happened here, in the case of Starkware, a group of scientists and cryptographers founded it in May 2018, and published a series of academic papers to implement them into real product Starknet. These academic papers touched these subjects:
Technology
To overcome the technical problems, it had to make use of the universal zk proof system to provide the best solution. It is well known and proven that all applications use ZK rollup. But the most surprising part of it is that none of them are compatible with the EVM. This was able to be executed by the zkSync and the Starkware because they possess different technologies.
Data Availability
Every user has a choice in the selection of where to launch or save their transaction details for future reference. Transacting on the L1 might require a higher price but is more secure. While the L2 is cheaper, some elements have to be trusted for the availability of data transactions.
Data availability is very important to users as the zkrollup has helped in reducing the strength of transactions calculation on L1 and allows Ethereum to expand to a maximum of 2000-3000 TPS while the zkrollup itself has been expanded to 20,000-30,000TPS.
Financing
The Starkware team is an world class A-Team consisting of top investors and some members of the Ethereum foundation.
When it comes to funds raised, ZKSync doesn’t compare to Starkware, though it also consists of some well-known investors but not as it is in Starkware.
Attached Opportunities
zkSync and Starkware have created numerous opportunities with the problems they both solve for their users and prospective ones. These solutions include;
The use of Distributed AMM to solve liquidity fragmentation problems between the L1 and L2
The existence of true randomness on Ethereum through Veedo to achieve a stronger communication using conditional transactions and technology on the L1 and L2.
ZKSync has been proving itself superior right from its grass root stage by running a community and an open-source but it's a pity that the Starkware was able to prove itself more superior to it by tackling it with its technology.
Starkware has a more standard and well-developed technology than zKsync, this makes it carry out more solutions on its platform and has been rated US$2 billion.
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