StarkWare 'storage proofs' used in verifying Ethereum historical data

Quick Take

  • London-based startup Herodotus, in collaboration with StarkWare, announced a tool that gives users the ability to verify data from any point in Ethereum’s history.
  • The tool leverages StarkWare’s “storage proofs” and may help develop account-recovery systems and insurance protocols. 

London-based startup Herodotus has introduced a developer tool called “on-chain accumulator," allowing users to read and verify data from any point in Ethereum ETH -0.57% ’s history using a cryptographic method known as “storage proofs.”

Developed in collaboration with StarkWare, a company focused on scalability solutions, the technology aims to overcome a current limitation in Ethereum that only validates the last 256 blockhashes.

“Suddenly, everyone will be able to access whatever they want from parts of Ethereum’s history — and, very soon, will be able to go however far back they want,” said Kacper Koziol, co-founder of Herodotus. “It’s an innovation that is sorely needed to bring Ethereum in line with the principles of transparency and accessibility that are so central in blockchain communities."

The StarkWare team noted that this technological development would help develop permissionless "account recovery systems" that depend on past and current on-chain data verification. It could also facilitate the creation of insurance protocols that use historical on-chain activities for determining payouts or offering coverage, it added.

The release of this on-chain accumulator tool was one of the major highlights at yesterday's Starknet Summit in San Francisco.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Utilizing storage proofs

The accumulator tool utilizes the Stark prover — co-developed by Eli Ben-Sasson, President of StarkWare. More specifically, Herodotus employed a custom version of StarkWare’s shared prover (SHARP).

Storage proofs are cryptographic methods used to confirm the validity of data, transactions, or assets on a blockchain without requiring a third party. The technology is compatible with both Ethereum and Layer 2 blockchain Starknet.


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Vishal Chawla is The Block’s crypto ecosystems editor and has spent over six years covering tech protocols, cybersecurity, artificial intelligence and cloud computing. Vishal likes to delve deep into blockchain intricacies to ensure readers are well-informed about the continuously evolving crypto landscape. He is also a staunch advocate for rigorous security practices in the space. Before joining The Block, Vishal held positions at IDG ComputerWorld, CIO, and Crypto Briefing. He can be reached on Twitter at @vishal4c and via email at [email protected]

Editor

To contact the editor of this story:
Adam James at
[email protected]