Ethereum layer 50m sequoia theblock

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We’ve settled over $200 billion and settled over 50 million transactions.”

StarkWare’s particular scaling solution is what’s called a zero-knowledge rollup; it processes a number of transactions on its platform and inscribes the bundled data to the Ethereum network. Unlike competing “optimistic rollups,” which rely on a network of validators to ensure that the bundled data is legitimate after it’s published, zero-knowledge proofs leverage cryptography to mathematically ensure that everything is up to snuff before publishing it.

Those cryptographic proofs require more computational effort than other solutions, but their more secure architecture has led plenty of developers to believe they are the future of scalability for the Ethereum network.

Some of StarkWare’s customers include ConsenSys, Immutable, dYdX and Sorare.

Summary: According to a report from The Block, StarkWare, an Ethereum layer 2 development firm that uses ZK-rollups technology, raised $50 million in the C round of financing and is now valued at $2 billion. The round was led by Sequoia Capital. Paradigm, Three Arrows Capital, Alameda Research, IOSG Ventures, Founders Fund, etc participated.
The C round …

According to a report from The Block, StarkWare, an Ethereum layer 2 development firm that uses ZK-rollups technology, raised $50 million in the C round of financing and is now valued at $2 billion.

The round was led by Sequoia Capital. Paradigm, Three Arrows Capital, Alameda Research, IOSG Ventures, Founders Fund, etc participated.
The C round brings StarkWare’s total funding to date to $162 million.

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