Alchemy, a company that provides software developers with tools to create blockchain applications, has released a public version of its Starknet platform, Markets Insider reports. Starknet is an important project because of its combination of two technologies – zero-knowledge cryptography and account abstraction.
Starknet is a ZK rollup that scales the underlying blockchain by aggregating transactions and processing them faster and cheaper on a separate blockchain. ZK rollups use some cryptographic methods known as zero-knowledge proofs to ensure that a transaction is valid by displaying only a small amount of information about it before publishing it back to the main blockchain.
“Alchemy makes it easy to build dapps, and Starknet provides the scale and features they need,”
said Gal Ron, product manager and blockchain researcher at StarkWare.
Starknet also features native account abstraction that enables users to access the blockchain through smart contract wallets, making it easier to work.
Alex Miao, who is a software engineer at Alchemy says in an email to CoinDesk that developers will be able to include custom account permissions, as well as embed security mechanisms that work at the wallet level, and create simple transaction flows. He said this will allow developers to create for a world where end users and enterprises are always represented by a wallet with smart contracts.
The integration of Starknet into Alchemy’s suite could be a sign of the demand from developers to create more with account abstraction.