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Meanwhile, the SEC claimed that when it said "crypto asset securities" it never meant tokens were actually securities.

Users holding over 20,000 STRK will soon have access to a new staking mechanism for the token following a near-unanimous vote.

TL;DR Starknet to Introduce Staking: Starknet will launch staking for its STRK token after the SNIP 18 proposal was overwhelmingly approved by the community. Community Support: The proposal saw 98.94% approval, highlighting strong community backing for decentralization efforts.

Starting in the fourth quarter of this year, Starknet will enable users holding more than 20,000 STRK tokens to stake on its network.

The approved staking mechanism for STRK token could significantly enhance community participation and drive the network towards full decentralization. The post Starknet community greenlights staking mechanism for STRK token appeared first on Crypto Briefing.

Starknet implements dynamic minting for STRK tokens, balancing staking incentives and token supply with community backing.

Starknet has approved a governance proposal, named “SNIP 18,” to implement staking within its network.

The new mechanism on Starknet means that anyone holding more than 20,000 STRK will be able to stake on the network, from the fourth quarter of this year.

Digital coins flourished today as the crypto market cap reclaimed the $2 trillion level after a 3.18% increase in the past day. While such sentiments catalyzed significant gains in the altcoin space, Starknet (STRK) displayed struggle, losing 2.97% in its daily chart to hover at $0.4137.

Previously, participating in DAOs required paying gas fees for voting, which could sometimes exceed ten dollars. These costs created barriers to participation and made on-chain voting less appealing.

Starknet is set to hold its first on-chain vote on Sept. 10. Hopefully, it will set a precedent for protocols to follow going forward.

Governance voting platform Snapshot has announced the launch of Snapshot X, a new onchain voting protocol.

LayerZero's CEO commented on the inclusion of a “big Sybil hunt” to block bots and reward real users. The main reason for Sybil filtering was due to fake accounts trying to claim airdropped tokens.

TL;DR Snapshot Labs has launched Snapshot X, an on-chain voting protocol using Starknet's roll-up technology, eliminating gas fees and enhancing security for DAOs. Snapshot X allows users to prove asset ownership on one blockchain without moving them, reducing costs and improving security through storage proofs.

This innovation revolutionizes governance by eliminating gas fees, lowering costs, and enhancing security. Snapshot X is built on Starknet's roll-up technology.

Snapshot X enables gasless onchain voting for DAOs using Starknet technology, advancing governance with lower costs and enhanced security.

Snapshot X launched today, introducing a protocol that enables gas-free onchain voting for decentralized autonomous organizations.

Snapshot X, the new governance protocol, makes use of storage proofs – a cryptographic feature that StarkWare, the primary developer of Starknet, has helped innovate and embraced.

StarkGuardians, the pioneering NFT collection on StarkNet, has launched its new NFT lending and borrowing protocol.

Here is how some of your favorite assets concluded the week.

Although the market dips even further after weak macro releases, Starknet (STRK) remains bullish with developments that offset the market's fear, uncertainty, and doubt. According to CoinGecko, STRK rose nearly 23% since last week, keeping much of the bearish momentum at bay.

Starknet, an Ethereum layer-2 scaling solution, rallied more than 11% over the past day. According to price data from crypto.news, Starknet (STRK) was trading at $0.438 upon writing.

While Bitcoin continues its downward trend, HNT and STRK emerge as the top gainers in the altcoin market due to strategic network upgrades and community optimism.

Is Buterin's latest move a strategic play or a charitable donation?