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Starknet debuts parallel transaction execution on testnet
Daily Cryptex - Crypto News, Articles and Insights > Crypto News > Ethereum (ETH) > Starknet Launches Parallel Transaction Execution on Testnet
Crypto NewsEthereum (ETH)

Starknet Launches Parallel Transaction Execution on Testnet

Burhaan Al Amin
Last updated: August 21, 2024 10:17 am
Burhaan Al Amin Published August 21, 2024
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Ethereum layer-2 scaling solution Starknet has rolled out its parallel execution feature on testnet, anticipating mainnet launch in a few weeks.

Starknet, a layer-2 blockchain on Ethereum, has unveiled testnet update v0.13.2, introducing features meant to speed up transaction execution.

In an X announcement on Aug. 21, Starknet said that its 0.13.2 testnet version is live, with the mainnet rollout anticipated in a week.

Starknet v0.13.2 is live on Testnet and coming in a week on Mainnet ⚡

Why is this a big anon?

Parallel Execution
Right now, Starknet and most blockchains process transactions sequentially, meaning each transaction is handled one by one, with every transaction waiting its turn… pic.twitter.com/bfyahqj81X

— Starknet 🐺🐱 (@Starknet) August 21, 2024

The update brings "parallel execution," allowing simultaneous transaction processing instead of sequential. Starknet can now execute "multiple transactions at the exact same time," say the project’s developers.

"Before Starknet v0.13.2, each of these transactions were executed one after the other. With v0.13.2, they’re processed in parallel (at the same time), boosting Starknet’s speed and capacity for you, users and developers."
— Starknet

This update comes as Starknet’s ecosystem gears up for further enhancements. On Aug. 20, StarkWare, Starknet’s developer, announced its first-ever mainnet vote for STRK holders, focusing on staking introduction.

The phased staking rollout begins with a testnet in September, followed by the mainnet launch in Q4 2024. The community will have a direct voice in these decisions.

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