Starknet Introduces Parallel Execution and Block Packing Features in Version 0.13.2 Update

Starknet, one of the most promising Layer 2 solutions in the Ethereum ecosystem, has introduced a significant update with version 0.13.2.

Starknet, a prominent Layer 2 solution within the Ethereum ecosystem, has rolled out a crucial update with version 0.13.2. The new version introduces two groundbreaking features: parallel execution and block packing, which are set to revolutionize the way transactions are handled.

At the heart of this update is parallel execution, an innovative capability that allows transactions to be processed simultaneously instead of sequentially. Traditionally, blockchain transactions are executed one after the other, which limits the capacity and speed of the system, especially during periods of high network congestion.

2-second txs are here ?

Parallel Execution and Block Packing are now live on Starknet mainnet!

With higher TPS capacity, more frequent blocks and faster tx confirmation time, Starknet is now smoother than ever.https://t.co/x7oPTYByB4 pic.twitter.com/Z23OKboPlT

— Starknet ?? (@Starknet) August 28, 2024

With parallel execution, Starknet can now handle multiple transactions at once, leveraging the processing power of multi-core processors to enhance the overall network performance. This improvement will reduce both the transaction confirmation times and latency, providing a smoother experience for users.

Starknet Minimizes Times and Costs

The update also introduces a new feature called block packing, which is designed to optimize space utilization within each block. This technique combines multiple transactions into a single dense block, enabling a substantial reduction in Layer 1 (L1) costs and speeding up transaction confirmation times.

With block packing, confirmation times for around 80% of transactions are reduced to just 2 seconds, while Layer 2 (L2) block times are adjusted to a range of 20 to 60 seconds. This approach helps decouple L2 block frequency from L1 costs, allowing for greater efficiency in data processing.

The integration of these features will bolster Starknet's scalability and performance, positioning it to become an advanced solution capable of setting new industry standards and paving the way for the mass and efficient adoption of blockchain technology.

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