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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?
The cryptocurrency community has been intrigued by recent developments on the Ethereum layer-2 protocol Starknet (STRK). Notably, Vitalik Buterin, Ethereum cofounder, has initiated the unlocking of 2.1 million STRK tokens, valued at approximately $858,700, in two rounds.
As major cryptos rebound from fresh multi-week lows, with Bitcoin (BTC) back near $58,000 after dipping briefly as low as the $55,000s earlier on Wednesday, investors are scouring altcoin markets for top crypto performers today that might be able to outperform amidst ongoing market uncertainty.
Vitalik Buterin, co-founder of Ethereum, has increased his STRK holdings. He currently holds over 2.1 million tokens; his recent transaction added over 1.2 million STRK tokens.
Buterin's crypto portfolio is largely dominated by Ether followed by 2.11 million Starknet (STRK) units, worth about $809K.
Amid the heightened fear of further crypto capitulation in the coming weeks, some altcoins, led by Starknet (STRK) are gradually presenting opportunities for long-term investors to make more discounted purchases. The anticipated reversal in Bitcoin (BTC) dominance will accelerate the ongoing crypto cash oration to the altcoins.
The crypto prices today have again sparked severe investor concerns globally. Bitcoin (BTC) price slipped to the $57K level, whereas Ethereum (ETH), Solana (SOL), and XRP traded dominantly in the red territory.
TL;DR Starknet releases version 0.13.2 with two key innovations: parallel execution and block packing. Parallel execution allows processing multiple transactions simultaneously, reducing confirmation times and latency. Block packing optimizes space usage, reducing Layer 1 costs and accelerating transaction confirmation to 2 seconds.
