Ethereum L2 Starknet Seeks ‘Bitcoin’s DeFi Take-Off Moment’ With BTC Wallet Xverse
The aim is to provide a Bitcoin DeFi experience using trust assumptions as the next big thing to zero-knowledge proofs until such a time that OP_CAT is adopted
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The aim is to provide a Bitcoin DeFi experience using trust assumptions as the next big thing to zero-knowledge proofs until such a time that OP_CAT is adopted
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.
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.
Seventeen of the twenty assets in the CoinDesk 20 Index (CD20) booked gains, underscoring the uptrend in the broader crypto market.
The chains’ users will be able to opt in or out to use Avail for data availability, to stash the reams of data produced for all their transactions taking place.
The upgraded prover should lead to faster and cheaper transactions, according to StarkWare. The news comes just a week after StarkWare and Polygon announced Circle STARKS, a new type of cryptographic proof.
StarkWare, the developer behind the Ethereum layer-2 blockchain Starknet, had come under heavy criticism for the unlocking schedule for its new STRK tokens.
The tokens started trading at around $5 apiece, exchange data shows, but fell ahead of significant token unlocks planned in the months ahead.
CoinDesk’s Jamie Crawley takes a look at the suddenly-high-profile proposal to revive Bitcoin’s historic “OP_CAT” function as a way of enabling more development on the oldest blockchain. PLUS: the unofficial “ERC-404” tokens driving up fees on Ethereum and highlights from our Protocol Village column over the past week.
Starknet is set to launch its native token STRK through an airdrop of 728 million coins on Feb. 20.