Kakarot Labs has closed a pre-funding round involving Vitalik Buterin and the co-founders of StarkWare, and has unveiled the project’s roadmap.
We have powered up and entered Super Saiyan mode⚡. Kakarot Labs has officially been incorporated and closed a pre-seed round with top-tier investors.
Let’s unpack our vision, current standing, and the exciting future ahead. 🧵👇 pic.twitter.com/VI8QRdPLfw
— Kakarot zkEVM (@KakarotZkEvm) June 2, 2023
The team is developing Kakarot zkEVM, an Ethereum virtual machine (EVM) implemented in the Cairo programming language by StarkWare.
The solution uses ZK-STARK technology to confirm transactions and blocks. According to the developers, this allows the security of the underlying blockchain to be inherited at a lower cost.
In the first phase, the team will launch Kakarot zkEVM on the StarkNet L2 network backed by StarkWare.
Developers of EVM-compatible applications will be able to build and deploy them using common Ethereum languages like Solidity and the familiar tool stack.
During the second phase, Kakarot Labs, together with the Madara team, will implement zkEVM for networks of the third layer and beyond. This is expected to exponentially reduce gas costs and increase productivity in TPS.
The partners set the task for the third stage to develop a zkEVM client capable of verifying first-level blockchain blocks. Kakarot Labs noted that the implementation of this idea is related to the promotion of the Ethereum roadmap.
Recall that in March, Vitalik Buterin called the integration of zkEVM into the L1 blockchain necessary and inevitable.
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