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In early August this year, the Starknet Foundation appointed James Strudwick as Executive Director following Diego Oliva's departure. Since joining the foundation in January, Strudwick has brought a renewed vision centered on Starknet's technological advancement, accessibility for developers, and global outreach.
TL;DR Starknet hit a new record of 857 TPS on its mainnet during a stress test. The test averaged 127.5 TPS over a 24-hour period, showing its potential for high-demand applications. StarkWare CEO Eli Ben-Sasson says Starknet's scalability is real and further developments are expected by 2025.
Starknet, the Ethereum layer-2 network, has hit a new transaction per second (TPS) milestone that outstrips that of other L2s. On Oct. 29, the project announced on X that its network reached a peak of 857 TPS on the Starknet Mainnet, surpassing its previous high of 503 TPS.
Starknet's new TPS record hints at scaling potential for Ethereum but raises key questions about real-world scalability.
The cryptocurrency universe prepares for another bearish market wave for certain altcoins, raising investor concerns globally. Recent data from the Token Unlocks app indicated that nearly $300M worth of tokens are set to be released into the market over the coming week.
Starknet (STRK) faces huge losses as it follows the market-wide correction phase that shook investor portfolios. The unexpected movement caused the token to fall by nearly 16% causing a whopping $87k wipeout of STRK long positions in the past 24 hours.
Starknet's STRK token has lost nearly 10% of its value just a week after the ZK-Rollup platform initiated its first phase of staking. Currently trading at $0.38, STRK's price has dropped 16% in the past 24 hours, making it the third-largest loser behind Beam (BEAM) and Arweave (AR).
Starknet (STRK) has made headlines recently with a remarkable 29.74% gain over the past three days. However, as the price approaches critical resistance levels, the question on many investors' minds is: what's next for Starknet?
The rapidly evolving realm of blockchain technology, scalability and privacy stand as pivotal elements for the success of any network. As decentralized applications continue to rise in popularity, effective solutions that improve transaction efficiency are essential.
The long/short accounts ratio fell dramatically in the past two days to show profit-taking activity.
Starknet (STRK) recently launched the first phase of its staking program, triggering a 10% price surge in just one day. This sudden price movement has attracted the attention of traders, as the token approaches key resistance levels.
Starknet shows bullish potential as trading volume and open interests increase.
Starknet has commenced the first phase of staking as it moves towards transitioning to a fully decentralized proof-of-stake network. On Sept. 25, the zero-knowledge rollup layer 2 network announced that Starknet (STRK) staking had begun.
Starknet, a Layer 2 scaling solution for Ethereum, is making major strides in its governance. In a recent community vote, Starknet's users approved a dynamic staking mechanism designed to control inflation of the STRK token.
Here is how some of your favorite assets concluded the week.
Since the Ethereum Foundation proposed ZK-Rollups as one of the most efficient ways to scale Ethereum, this technology has become extremely popular and has managed to revolutionize the blockchain ecosystem.
The recent vote within the Starknet community has given the green light to a new staking feature, known as “SNIP 18.” This proposal, developed by core team member StarkWare, received broad support, with 98.94% of voters endorsing it through Snapshot's decentralized Snapshot X platform.
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.
