0x Teams With StarkWare to Bring Speed to Decentralized Exchanges

A cryptographic solution called zero-knowledge proofs could help notoriously slow decentralized exchanges reach speeds comparable to more traditional platforms.

San Francisco-based DEX startup 0x is partnering with the Israeli software-as-service company StarkWare to test a ZKP solution called StarkDEX, which can process roughly 500 transactions per second.

StarkWare CEO Uri Kolodny told CoinDesk the goal is clear: "Non-custodial trading at scale."

Taylor said the 0x system has facilitated $713,000 worth of trades since it was founded in 2017.

DEXs using 0x currently process between a few hundred and roughly 3,100 trades a day, according to 0xtracker.com, but scaling continues to be a challenge.

Stepping back, StarkWare attracted investment from ConsenSys Ventures, ethereum creator Vitalik Buterin and the Zcash company, to name a few.

This startup's ZKP expertise and solutions are so sought after that the Technion University, where StarkWare co-founder Eli Ben-Sasson also works as a professor, filed a lawsuit claiming Ben-Sasson is "Getting rich" from the university's intellectual property.

Regardless of legal disputes, the aim of StarkWare's latest partnership is to enhance scalability across the industry.

Taylor said 0x plans to use StarkDEX solutions to "Scale our infrastructure as well as the infrastructure for the rest of the crypto economy."

In September, ethereum heavyweights like Buterin will gather in Tel Aviv for a series of technical sessions hosted by StarkWare.