I. Vitalik Buterin and StarkWare invest in Kakarot, a Starknet-based EVM implementation.

II. Kakarot zkEVM is based on CairoVM, which allows it to be used with Ethereum applications.

III. Kakarot plans to use STARK proofs to leverage Ethereum's security while keeping prices low.

Kakarot, an Ethereum Virtual Machine (EVM) on Starknet, is being championed by Ethereum co-founder Vitalik Buterin and blockchain scaling firm StarkWare. Participation in Kakarot's pre-seed investment round represents a strong vote of confidence in this enterprise, the details of which remain unknown.

@VitalikButerin and @StarkWareLtd participated in the Starknet pre-seed round for @KakarotZkEvm.

The amount of the investment was not revealed.

June 3, 2023 - ICO Drops (@ICODrops)

Built atop CairoVM, a Turing-complete

language, Kakarot zkEVM ushers developers into an environment compatible with Ethereum, facilitating the creation and launch of EVM-cohesive applications. Using Solidity or any other EVM-compatible language, developers can engineer apps that are interactive through familiar tools such as Metamask or WalletConnect.

cornerstones of Kakarot, achieved by harnessing STARK proofs to validate

Security and transparency are the transactions and blocks. As such, Kakarot strikes a balance between leveraging Ethereum's robust security measures and minimizing costs.

A glimpse into Kakarot's future indicates an ambitious intention to install itself as an EVM on Starknet Layer 2 in its initial phase. This strategic orientation is expected to open up a slew of opportunities and strengthen the Starknet ecosystem.

Aside from that, the combination of Kakarot with Starknet's Madara sequencer promises to allow Layer 3 zkEVMs. According to the researchers, such integration would allow for the implementation of zkEVM app chains, settling transactions on Starknet with validity proofs.

As Kakarot advances into the future, it hopes to link with native Starknet protocols and arrange cross-protocol actions. This inventive mindset, together with the support of industry titans such as Vitalik Buterin and StarkWare, placed Kakarot in a promising position within the crypto realm. The introduction of Kakarot might herald a flourishing age of interoperability and security in blockchain applications.

The post Vitalik Buterin and StarkWare Invest in Kakarot, Providing Power to the Starknet Ecosystem appeared first on Crypto News Land.