The post Starknet and Informal Systems Partner for Blockchain Interoperability appeared on BitcoinEthereumNews.com.

Starknet collaborates with Informal Systems to join the interchain, enhancing blockchain interoperability. Integrating IBC into Starknet allows for seamless liquidity flow between Starknet and other networks. Informal Systems announced on Twitter that the Ethereum layer-2 network, Starknet, is working with them to join the interchain. The goal of this partnership is to integrate the Inter-Blockchain Communication (IBC) protocol into Starknet, allowing for application composability across various layer-2 (L2) and layer-1 (L1) networks. The integration of IBC will allow for the bidirectional flow of liquidity between Starknet and the wider interchain, promoting increased interoperability and ecosystem cohesiveness. 1/ @Starknet 🤝 @informalinc Part 1️⃣ We’ve teamed up with @Starknet to enhance decentralization and interoperability in the Ethereum L2 space. Combining StarkWare Industries, the @StarknetFndn, and our expertise promises something extraordinary. Collaboration is 🔑 ⤵️ pic.twitter.com/1kiBBLRdUB — Informal Systems 🌱 (@informalinc) July 24, 2024 From Decentralization to Interoperability: Starknet Journey with Informal Systems The route to this collaboration began in the spring of 2023, with technical conversations centered on decentralizing Starknet’s L2 utilizing the Tendermint consensus protocol. Informal Systems, drawing on their significant expertise with CometBFT, provided valuable insights into these conversations. Initially focused on decentralization protocol design, the partnership has recently expanded to include interoperability and the fragmentation of blockchain ecosystems. Josef Widder, Director of Protocol Engineering, and Adi Seredinschi, Director of Product, discussed the status and thoughts on Malachite, Starknet’s decentralized sequencer implementation, on July 10th at StarknetCC. Malachite uses the Rust-based Tendermint consensus algorithm, with the goal of achieving production-grade decentralization and interoperability. A decentralized sequencer is designed to be fault tolerant and censorship resistant, ensuring ongoing transaction inclusion even during network disruptions. In addition, Starknet has made progress in improving its network capabilities. Previously, as we previously reported, Chainlink Data Feeds were launched on Starknet’s mainnet, enabling developers to…

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Filed under: News - @ July 29, 2024 5:24 am