Starknet, is an open-source framework designed to enhance scalability and privacy for decentralized applications (dApps) built on the Ethereum blockchain, has held its first ever meetup in Kenya.
The event, attended by BitKE, provided an introduction into StarkWare, StarkNet and the Cairo programming language which powers the Layer 2 ecosystem.
The meetup comes at a time when Starknet has been experiencing significant growth in usage by various decentralized finance (DeFi) applications on the network in recent months, leading to a notable increase in its total value locked (TVL).
At time of writing, Starknet’s total value locked (TVL) is reported to be $10.73 million, as provided by DefiLlama. This represents a significant ten-fold increase compared to the TVL of $1.449 million recorded at the beginning of March 2023.
Starknet utilizes a layer-2 scaling technique called zero-knowledge rollups to achieve scalability and cost-efficiency. Zero-knowledge rollups bundle numerous transactions together off-chain, known as the data availability layer, and generate a succinct proof that attests to the validity of these transactions. This proof is then submitted and verified on the Ethereum blockchain, known as the execution layer.
Here are some pictures from the inaugural meetup.
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