From the latest tweet, StarkWare has announced the raise of $75 million in their Series B funding round, led by paradigm, with new investors (Three Arrows & Alameda Research), and old ones too (Pantera Capital, Sequoia, Foundersfund, DCVC, Wing). StarkWare Raises $111 Million Overall With a new round of investments, the total investment made by StarkWare counts to approximately $110 million. The previous seed rounds and funding rounds have raised approximately $36 million for StarkWare. This new batch of $75 million raise brings the company’s total raised capital up to $111 million. StarkWare’s Series A round raised $36 million in 2018. This time, the software company StarkWare for the very first time included Three Arrows Capital and Alameda Research as investors. The company has also partnered with projects such as ConsenSys, Infura and Metamask, and notable Ethereum firms. Scaling Ethereum Ethereum native scaling improvements are underway. On one hand where layer 1 transaction speed suffers when the network is busy, marking poor user experience. Layer 2 will provide collective terms for solutions designed to scale the applications by handling transactions off the main Ethereum chain. Ethereum has suffered from a number of congestion issues. Largely brought by the rising popularity of DeFi apps, the Ethereum network is now saturated by thousands of retail investors who are using DeFi Exchanges and dApps in search of lucrative financial opportunities. The native scaling of the Ethereum network is on the way to improvements. For example, proof-of-stake and sharding. However, StarkWare is one of the most notable second-layer efforts working on the issue. Most layer 2 solutions are centered around a server or cluster of servers, each of which may be referred to as a node, validator, operator, sequencer, block producer, or similar term. The details of how transactions are made vary significantly between different layer 2 technologies and implementations. Generally speaking, transactions are submitted to the layer 2 nodes instead of being submitted directly to layer 1 (mainnet); the layer 2 instance then batches them into groups before anchoring them to layer 1, after which they are secured by layer 1 and cannot be altered.
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