Ethereum Co-Founder Vitalik Buterin Introduces Circle STARKs Cryptocurrency Protocol

Ethereum co-founder Vitalik Buterin recently unveiled a new blockchain protocol called Circle STARKs. The goal of this protocol is to enhance the efficiency of Layer 2 networks by leveraging small-scale cryptocurrencies. Developed in collaboration with Polygon Labs and StarkWare, Circle STARKs improve blockchain scalability and security.

Here are the key points:

1. Circle STARKs Overview:
   • Circle STARKs is a novel blockchain protocol designed to boost efficiency.
   • It focuses on small-scale cryptocurrencies within Layer 2 networks.
   • Polygon Labs and StarkWare are the primary collaborators behind Circle STARKs for ZK rollups.
2. Technical Details:
   • Circle STARKs utilize smaller fields to enhance speed while maintaining security.
   • Unlike traditional STARK operations with 256-bit fields, Circle STARKs simplify development using Mersenne31.
   • The protocol can verify 620,000 Poseidon2 hash values per second.
3. Implementation:
   • Circle STARKs have already been applied in Polygon’s Plonky3 and StarkWare Stwo.

In summary, Circle STARKs represent an exciting advancement in blockchain technology, aiming to improve efficiency and security in Layer 2 networks.

Sentiment: Positive