StarkWare is looking to reduce its already cheap fees as it anticipates a boom in blockchain activity and gas fees in the coming months.
StarkWare CEO Eli Ben Sasson says he expects transaction speed on the firm’s Ethereum layer 2 Starknet to increase four-fold while fees fall “5x” over the next three months.
The network improvements will mostly come from “better compilation and faster execution” on Cairo — Starknet’s native smart contract language, Ben Sasson told Cointelegraph at the DevCon 2024 in Bangkok last week.
It would see Starknet cross the 1000 transactions per second (TPS) milestone and compete with the likes of Solana, which typically processes a non-vote TPS between 800 to 1050, data from Solana Compass shows.
