Storage proofs have many perks, combine them with the Starknet Mainnet Quantum Leap and you get the new powerhouse of crypto.
Why that? Lets look at the first principles and the mental model of Storage proofs.
Shmergh thru this thread, its easy to read. ๐๐ซ
Storage proofs are cryptographic marvels, orchestrating blockchain data movement across chains without leaning on any third-party โ the trust factor is woven right into the storage.
They herald fresh crypto possibilities. ๐๐ก
Paired with S[N/T]ARKS, storage proofs validate specific states at precise moments, anywhere, no third-party trust required.
This proves invaluable in our fast-evolving blockchain ecosystem, where data (say liquidity, art or information) is scattered across multiple chains.
Granted, storage proofs do have their quirks. With simple commitment schemes, proof size balloons with data size, making on-chain verification a tall order (say expensive).
However, when aligned with STARKs/SNARKs, they stay compact and tractable. ๐
As we step into the era of Starknet Mainnet Quantum Leap, we're introducing system calls that supercharge storage proofs, making the long promised efficient trustless cross-chain data accessibility reality (remember VCโs favo tag line: cOmPosAblE iNterOperAbilItY).
Why is this prolly really something?
With the ascendancy of L2 solutions, Ethereum has evolved beyond its humble L1 origins.
Old assumptions about the chain state don't cut it anymore. Storage proofs come out of the woods and ensure the integrity of a blockchain state at any moment, no third-party trust required.
The missing piece of the puzzle has arrived!๐ต๏ธโโ๏ธ๐ก
Storage proofs have the unique ability to 'compress' a blockchain, thereby enabling data transmission elsewhere.
This tech unlocks an array of use cases and applications, from general information access across chains to streamlining cross-chain voting systems, bridges and soo many moar. ๐ฏ๐ฅ
Imajiin this๐ค๐ญ: users can authenticate their token balance on chain A at a particular block and cast their vote on chain B.
These practical uses highlight the based potential of storage proofs in making the blockchain ecosystem competitive to Web2 UX and possibilities.
When you contrast storage proofs with oracles, storage proofs inherently embed trust within the storage.
Oracles pull off-chain data or results from complex off-chain computation, whereas storage proofs authenticate a blockchain's state anytime without reliance on any daddys ๐๐
Take, for instance, oracles like Chainlink that offer real-world data and off-chain computational services. Then there are Pragma and Stork Network, prominent oracle providers on Starknet. Despite the trust factor, oracles remain integral to the blockchain ecosystem. ๐๐
Presently, @PragmaOracle, @chainlink and @StorkOracle grace Starknet, supplying price data feeds for seven cryptocurrency pairs.
Pragma is also busy implementing a verifiable randomness feed on the mainnet, enabling secure on-chain randomness requests. ๐งฎโก
Gadol, holy kekโฆ storage proofs offer a robust alternative to oracles.
They ascertain a blockchain's state at any given moment, embedding trust within the storage itself, and thereby playing a decisive role in crypto nerd's future. ๐๐ง
The coming out of the Starknet Mainnet Quantum Leap represents a weaponized moment in leveraging storage proofs because Starknet apes to performance enhancement, efficiency improvement, and flexing cross-chain data transfer capabilities.
This pivotal shift sets the stage for a transformative crypto landscape. ๐๐
jfc right? Storage proofs and oracles have shifted from competitive to complementary roles.
As we full send into an era (lol) where trust is inherently established within the storage, crypto tech is poised for significant evolution,
Starkling devs are empowered to code solutions that make a difference. Universal integrity for your creativity!
Lessgo la mif!! ๐ฅ๐