StarkWare technology addresses the scalability issues of the Ethereum blockchain, which cause slow throughput and raise gas, or transaction, fees. The company has two platforms. The StarkEx scaling engine, which the company said handles more transactions per month than the Bitcoin network, powers the likes of non-fungible token (NFT) platform Immutable X and decentralized exchange dYdX. The second platform, StarkNet, launched in February and puts blockchain scaling technologies in the hands of developers building decentralized applications.
StarkWare Reaches $8B Valuation Following Latest $100M Funding Round
