#Clarifying the Goals and Roadmap for Starknet’s 2023 Ethereum Second-Tier Solution

On April 25th, according to official sources, StarkWare released an article clarifying the goals and roadmap for Starknet’s 2023 Ethereum second tier solution. According to the roadmap, Starknet’s main development focus in 2023 will be on improving network performance and UX, including improving network efficiency, reducing transaction costs, and achieving a fee market. In addition, Starknet stated that it plans to focus on achieving decentralization at the operational and decision-making levels by 2024.

Starknet releases a roadmap with a focus on achieving decentralization in 2024

StarkWare, a blockchain technology company, recently released an article on April 25th, clarifying the goals and roadmap for Starknet’s 2023 Ethereum second-tier solution. The article provides a glimpse into the future of Starknet and the company’s plans for improving network performance and UX for its users.
##Overview of Starknet’s 2023 Goals
According to the roadmap, Starknet’s development focus in 2023 will be on improving network performance and UX. The main goals include:
– Improving network efficiency
– Reducing transaction costs
– Achieving a fee market
In addition to these performance improvements, Starknet plans to focus on achieving decentralization at both the operational and decision-making levels by 2024.
##Improving Network Performance
To improve the network’s efficiency, Starknet will focus on optimizing the on-chain execution and off-chain computation processes. The company plans to implement a data availability committee (DAC) that will ensure data availability and will enable the parallelization of transaction processing to reduce overall transaction costs.
The current state of Ethereum’s network suffers from scalability issues, with transaction fees soaring to an all-time high. Therefore, improving network performance is crucial for accomplishing the goal of reducing transaction costs.
##Introducing a Fee Market
Starknet’s implementation of a fee market presents an innovative approach to address high transaction fees. A fee market is a way to efficiently allocate network resources based on the demand for these resources. Starknet’s fee market will operate in real-time and enable users to choose gas prices based on the congestion of the network. This approach aims to reduce the cost of transactions for users by enabling them to select the optimal gas price for their transaction.
In addition, the implementation of a fee market creates a revenue stream for network validators, incentivizing them to ensure that the network is efficiently allocating resources.
##Decentralization
Starknet’s ultimate goal is to achieve decentralization at both the operational and decision-making levels. This involves implementing a governance framework that enables the community to participate in decision-making processes about the network’s development and maintenance.
The company aims to create a more democratic and transparent network by adding mechanisms for decentralized governance. These mechanisms would give users greater control over the network and its development, making it more resilient and secure.
##Conclusion
Starkware’s article details their plans for improving Starknet’s Ethereum second-tier solution. Their approach presents an innovative solution to some of the scalability issues facing Ethereum’s network, such as high transaction fees and inefficient network performance. By introducing a fee market, optimizing the network’s performance, and implementing decentralized governance mechanisms, Starknet is paving the way for the adoption of blockchain technology.
##FAQs:
**Q1. What is a fee market?**
A fee market is a way to efficiently allocate network resources based on the demand for these resources, enabling users to choose gas prices based on the congestion of the network.
**Q2. What is the benefit of implementing a DAC?**
The implementation of a data availability committee ensures data availability and enable the parallelization of transaction processing to reduce overall transaction costs.
**Q3. Why is decentralization important for blockchain networks?**
Decentralization is important for blockchain networks because it enables greater transparency, security, and resiliency by giving users greater control over the network and its development.