Binary trading platforms with better performance and payouts
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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.
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.”
Starknet said 900 million STRK are earmarked for the foundation’s Provisions Committee, and 900 million will be dedicated to user rebates.
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.