Starknet Token Holders Ratify Plan to Implement Staking, in Landmark Decentralized Election
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.
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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.
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.
With Polyhedra’s new “Proof Arena,” it should be easier to tell who’s the fastest (April Walker/Unsplash, modified by CoinDesk using PhotoMosh)
StarkWare used its new STARK verifier on the Signet network, a testing environment for Bitcoin, in a proof-on-concept project designed to demonstrate what the oldest blockchain might be capable of were the pending “OP_CAT” technical proposal to get adopted.
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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.
The airdrop will happen on Feb.20, and eligible users have until June 20 to claim their tokens.