Layer-2 Chain Starknet’s Much-Awaited STRK Token Airdrop Coming Next Week
The airdrop will happen on Feb.20, and eligible users have until June 20 to claim their tokens.
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The airdrop will happen on Feb.20, and eligible users have until June 20 to claim their tokens.
Cairo, which the StarkWare and the Herodotus developer team worked on together, is a key piece of technology that verifies proofs and posts them back to the layer-2 blockchain, instead of Ethereum’s mainnet.
Avail’s new “data availability” solution, currently in testing, and Madara, which is Starkware’s sequencer, are both expected to go live in early 2024. They might be used in conjunction to create new application chains or “appchains.”
In this week’s edition of The Protocol newsletter, we explain the mechanics (and roots) behind the “data availability” network Celestia, and its new TIA tokens, and turn our eyes to Starknet’s STRK tokens, which aren’t trading yet but are already being awarded to early contributors.
The foundation, formed in November 2022 after the initial developer StarkWare minted 10 billion STRK tokens, is now awarding early contributors to the Ethereum layer-2 network – even though they’re locked for trading at least until next April.
After users complained on X, StarkWare walked back on a move in which it implemented an upgrade that made users’ funds inaccessible.
The new Paradex decentralized perpetuals platform is backed by the recent appchain technology from StarkWare.
The announcement is part of a growing trend in Ethereum’s layer-2 ecosystem, where developers can create application-specific chains using the blockchain’s native stack.
Storage proofs, a feature that could minimize cross-chain exploits by allowing users to keep their assets on one chain and prove that it’s there on a different chain, will go live on Starknet soon.
The executive will help the non-profit promote growth within the Starknet ecosystem.