Security
Last updated
Last updated
The SN Stack is a framework specific rollup designed to provide a high-speed, low-gas method for settling transactions. It inherits the robust security of the underlying Ethereum blockchain and maintains total .
This transaction monitor's proven safety record by processing more than $1T, settling more than 400M transactions, for over 200k users across a range of use-cases. The SN Stack, formerly known as ‘StarkEx’, has been in production on Ethereum Mainnet since June 2020. Starknet tech is Battle-Hardened. In addition, every version of the SN Stack has been audited.
Even if the monitoring of transactions is presumed to be secure thanks to the SN Stack, the protection of the liquidity supplied and stored on our contracts by private funds and partners remains to be proven.
On StarkPay, liquidity is provided by private funds and partners, as is customary in Web3. We use single-sided liquidity pool technology to store funds on our smart contracts. Our wallet operators are the only ones with authority over these contracts, without the applications being linked to them. Nevertheless, private investors still have control over their funds, thanks to self-custody technology.
Traditionaly wallet operators control these smart contracts with ECDSA encrypted signature. The vast majority of Web3 protocols use this signature model on EVMs, as it is the model used by the Ethereum blockchain. For the moment, the ECDSA encryption algorithm remains reliable and secure, but at StarkPay we're already thinking ahead.
is a post quantum resistant algorithm. It was co-developed by Thales with academic and industrial partners from all over the world. It has been .
Post-quantum cryptography technology will enable conventional computers to withstand attacks from extremely powerful quantum computers, which many experts expect to appear within the next few years. Quantum machines will provide the computing power needed to break current cryptographic algorithms, like ECDSA, in mere seconds.
StarkPay is the first project to transcribe the Falcon algorithm and the encryption of its signature in Solidity, thus strengthening our liquidity contracts with post quantum resistance. In addition, our Falcon signature model even protects us from human error. Our Falcon encryption keys add a security layer on top of the private keys of our wallet operators which can't function without it.
We are the first Web3 protocol in the world to use this signature model on Ethereum and EVMs. It gives us a head start on Web3, and even on FinTech as a whole, to the threat posed by quantum computing. As a result, our user funds are largely secure in their shielded portfolios, even more than on the Ethereum blockchain.