What is a Starknet?

Starknet is a permissionless, decentralized Layer 2 network developed by StarkWare. It operates as a ZK Rollup on Ethereum, enabling dApps to achieve greater computational scale with lower transaction costs. Starknet allows smart contracts to interact with other contracts deployed on the network, enhancing composability. The network's focus on decentralization and scalability makes it a potential leader in the Layer 2 expansion solutions race.