Kakarot zkEVM secures backing from StarkWare, Vitalik Buterin in pre-seed round

admin June 2, 2023

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Kakarot zkEVM, an Ethereum Virtual Machine (EVM) implemented in Cairo, announced On June 2, it announced that it had closed a pre-seed funding round. Investors include Ethereum co-founder Vitalik Buterin, Ledger co-founder and VP of Innovation Nicholas Backa, and blockchain scaling firm Starkware.

Cairo is a Turing complete language associated with CairoVM. Kakarot zkEVM is built on CairoVM. Kakarot zkEVM allows teams to create and launch applications compatible with his EVM.

Developers can write apps for Kakarot in the same way as for Ethereum and Polygon, using the programming language Solidity or any other language compatible with EVM. Once the app is deployed, the user will be able to interact with it using her usual tools like Metamask and WalletConnect.

used by kakarot stark proof Enable provable transactions and blocks, ensuring security and transparency. The proof of efficacy will allow Kakarot to leverage Ethereum’s security while ensuring low costs, the project said.

According to the project Roadmap, Kakarot will be an EVM over Starknet Layer 2 in the first phase. According to the team, bringing Kakarot zkEVM to Starknet will open the door to “whole new possibilities” and expand the Starknet ecosystem.

In the next phase, Kakarot and Starknet’s Madara sequencers will be integrated into the integrated stack, enabling layer 3 zkEVM. The team said the integration of Kakarot and Madara will allow the team to deploy the zkEVM app chain and settle transactions on Starknet using proof of validity. Extending the benefits of integration, the team said:

“Computing in another layer results in (asymptotically) exponentially lower gas costs and better performance (TPS) than L2. Rollup scalability increases cumulatively.”

In the future, Kakarot aims to connect with the native Starknet protocol, allowing different protocols to work together.

Pre-seed round Vitalik Buterin first appeared on CryptoSlate after Kakarot zkEVM secured backing from StarkWare.