2.5 billion by 2050<\/a>\u2014combined with rapidly increasing crypto adoption, positions the continent as a global digital powerhouse. With $6.7 trillion in consumer and business spending forecast by 2030, blockchain adoption is accelerating.<\/p>\n\u201cBlockchain presents a unique opportunity for many parts of Africa to leapfrog outdated infrastructures and democratise access to financial tools with more decentralisation and transparency,\u201d Eli Ben-Sasson,\u00a0 StarkWare CEO and co-founder said.\u00a0<\/p>\n
Founded in 2018 by Eli Ben-Sasson, Uri Kolodny, Michael Riabzev, and Alessandro Chiesa, StarkWare develops zero-knowledge proof systems, to address scalability challenges in blockchain networks like Ethereum. StarkWare\u2019s primary products include StarkEx, a scaling engine launched in June 2020 that aggregates transactions into a single proof for cost and energy efficiency, and StarkNet, a decentralised Layer 2 network introduced in June 2021 that enables scalable decentralized applications (dApps) with lower fees.<\/p>\n
\u201cStarkNet is a particularly interesting path to blockchain, as it is currently a Layer 2 over Ethereum and plans to also operate over Bitcoin,\u201d Kamal said. \u201cThis can be great for Africa as it can mean that the \u2018scaling squared\u2019 approach also means a \u2018liquidity squared\u2019 approach.\u201d<\/p>\n<\/p><\/div>\n
Towobola Bambgose Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"StarkWare, an Israeli blockchain infrastructure company valued at $8 billion, has launched a $4 million fund to invest in pre-seed and seed-stage startups in Africa as the continent embraces growing blockchain adoption. The Africa-focused fund will provide grants of up to $150,000 to early-stage startups, with larger investments available for projects building on StarkNet, StarkWare\u2019s<\/p>\n","protected":false},"author":1,"featured_media":827281,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166,2595],"tags":[11476],"class_list":["post-827280","post","type-post","status-publish","format-standard","has-post-thumbnail","category-israeli","category-unicorn","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/827280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=827280"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/827280\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/827281"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=827280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=827280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=827280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}