Hashstack989? ??? ??? ??thrilled to announce its strategic shift to Starkware developed Starknet?—?the first general-purpose permissionless Decentralized ZK-Rollup, to deploy Open?—?Hashstack’s money-market protocol and enable secure, under-collateralized loans on the blockchain.
With this, Hashstack shifts its focus from EVM chains to zk-primitives to further its mission to build the critical infrastructure necessary to 10x the usability of decentralized finance, to truly empower financial inclusion through crypto.
What Are Zk-Rollups?
Ethereum is the most popular blockchain development platform. 26.65% of all dApps in existence are deployed on Ethereum. Today, 9 out of 10 dApps get deployed on Ethereum or EVM-based L1. This is primarily due to lower development barriers & matured ecosystem of developers and resources. On the flip side, the increased network load consistently leads to exorbitant gas fees and slower transaction times, which greatly impacts the network’s scalability.