1. Project introduction
StarkNet is a permissionless, decentralized Validity-Rollup (also known as "ZK-Rollup"). It operates as an L2 network on Ethereum, enabling any dApp to achieve unlimited computational scale without compromising Ethereum’s composability and security, thanks to StarkNet’s commitment to the most secure and scalable cryptography Prove system STARK dependencies.
2. Investment institutions
StarkWare, the team behind Starknet, is an Israel-based company focused on building Layer 2 blockchains for Ethereum. In addition to Starknet, StarkWare is also developing another product called StarkEx, geared towards enhancing scalability and efficiency for decentralized exchanges.
3. Project Highlights
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Paying network fees: Starting with Provisions, users will be able to pay transaction fees using STRK. Fees on Starknet are currently paid in ETH, and following Provisions, users will have the choice of paying fees in ETH or STRK. Note: While end users will be able to pay fees in STRK, the Starknet protocol continues to use ETH to pay fees on Ethereum to secure the network and its data.
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Governance: Following Provisions, recipients of STRK will be able to participate in governance over various issues that will shape Starknet’s future. More information on Starknet’s governance can be found in the Starknet Governance Hub.
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Staking: In the future, STRK will be used for staking within a proof-of-stake (PoS) model to choose among a decentralized network of sequencers, thus ensuring Starknet’s decentralized operation.
3.STRK Overview
The distribution of tokens is shown in the figure below.
4. Other project information:
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BiFinance Team
February 16， 2024
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