Ethereum Layer 2 Network Starknet Adopts License Free Gize Protocol Technology to Enable Verifiable Reasoning and Open AI Economy

According to reports, the Ethereum Layer 2 network Starknet announced on social media that it has decided to use license free Gize protocol technology during the latest community conference call to deploy learning models, execute verifiable reasoning, and implement an open AI economy. According to the latest data from Dune Analytics, the current Starknet on chain bridging users have reached 356900, with an on chain bridging TVL of 46991 ETH, which is approximately $93.308 million based on current prices.

Starknet: Will deploy an on chain machine learning model using the Giza protocol

As the blockchain industry continues to evolve, there is a growing demand for faster, more efficient, and more scalable solutions. One of the most prominent projects in this space is Ethereum, the second-largest cryptocurrency platform by market capitalization after Bitcoin. Ethereum’s Layer 2 network, Starknet, has recently announced its decision to adopt license-free Gize protocol technology to enable verifiable reasoning and implement an open AI economy. This move is expected to have a significant impact on the development of the Ethereum network and the broader blockchain ecosystem.

What is Starknet and Why is it Important?

Starknet is a Layer 2 scaling solution for Ethereum that aims to increase the network’s throughput by orders of magnitude while maintaining the security, decentralization and composability benefits of the base layer. It is an open-source system designed to support a wide range of decentralized applications (dapps), including games, exchanges, and social networks.
Starknet is built on top of Ethereum and uses various techniques such as zk-rollups, a type of zero-knowledge proof, to aggregate and validate transactions off-chain before sending them to the main chain. This process significantly reduces the costs and latency associated with executing smart contracts on the main chain. Starknet also supports a variety of programming languages, making it accessible to a broader range of developers.

Gize Protocol: Enabling Verifiable Reasoning and Open AI Economy

Gize protocol is a previously-undiscovered class of computer science technology that enables the creation of software systems that are both highly performant and highly secure. Gize protocol uses a mathematical approach known as Non-Interactive Zero-Knowledge Proofs (NIZKPs) to create verifiable proofs that smart contract computations are correct. Thus, Gize enables a completely transparent and verifiable computation process, which is critical for the development of blockchain applications.
By deploying machine learning models on the Starknet using Gize protocol, developers can create highly personalized and intelligent applications that can make use of data from different sources. Gize protocol’s architecture enables the creation of an open AI economy that has complete transparency, ensuring maximum security and reliability. This will enable dApp creators to use AI tools on the chain, which will allow for more intuitive and sophisticated decentralised applications than before.

Adoption of Gize protocol: the Benefits

The adoption of Gize protocol technology by Starknet has numerous benefits. First and foremost, it allows developers to create highly efficient, secure and intelligent decentralized applications. The protocol also enables verifiable reasoning, making it possible to ensure the correctness of smart contract execution. This is a vital function that ensures the integrity of data and will help to prevent any possible fraud on the Ethereum network.
The Gize protocol is built on top of Ethereum Virtual Machine (EVM), making it relatively easy to deploy dApps on the layer 2 scaling solution. Since EVM has been widely accepted as the industry standard, Gize protocol implementation on the Ethereum network is highly compatible with other EVM-compatible chains. As a result, Gize protocol can potentially increase the scale and flexibility of blockchain development.

Current Status of Starknet on Chain Bridging Users

According to the latest data from Dune Analytics, the current Starknet on chain bridging users have reached 356900, with an on chain bridging TVL of 46991 ETH, which is approximately $93.308 million based on current prices. The adoption of Gize protocol by Starknet is expected to increase the usage and adoption of the network, as more developers and users look for ways to create and use dApps that are more intelligent, efficient, and secure.

Conclusion

The adoption of Gize protocol technology by Starknet is a significant development in the evolution of the Ethereum network and the broader blockchain ecosystem. It enables developers to create highly efficient, secure and intelligent decentralized applications while ensuring verifiable reasoning. The open AI economy that Gize protocol enables ensures complete transparency on the computations occurring on the blockchain, providing a secure and reliable infrastructure for deploying more sophisticated dApps using machine learning. Starknet’s adoption of Gize protocol will accelerate the development and adoption of blockchain technology and facilitate the growth of the Ethereum network.

FAQs

1. What is Gize protocol?

Gize protocol is a computer science technology that enables developers to create highly efficient and secure decentralized applications. It is built using Non-Interactive Zero-Knowledge Proofs (NIZKPs) to create verifiable proofs that smart contract computations are correct.

2. How does Gize protocol enable verifiable reasoning?

Gize protocol uses NIZKPs to create verifiable proofs that smart contract computations are correct. This ensures the correctness of data, preventing fraud on the Ethereum network.

3. Why is the adoption of Gize protocol important for the Ethereum network?

The adoption of Gize protocol by Starknet will enable developers to create highly efficient, secure, and intelligent decentralized applications. It will also ensure verifiable reasoning and increase the network’s throughput by orders of magnitude, making blockchain technology more accessible to developers and users.