Starknet; An Emerging L2 With A Difference.

[MetaverseLawyer]

In an attempt to curb one of the integral parts of the blockchain trilemma, L2 frameworks have sprung up as one of the most effective ways of bringing forth scalability and a higher transaction throughput. 

Gleaning from the above, numerous attempts have been made. Thus, scaling technologies like Starknet have evolved to boost a faster transaction throughput on the Ethereum network. 

Simply put, starknet is a zero knowledge rollup built on the Ethereum network with the inherent capacity to be highly scalable without jeopardizing the security of Ethereum which is the base network. 

These ZK rollups operate primarily by bundling transactions into batches to be executed off chain. This reduces the amount of data to be sent to the main chain or base network thus enhancing faster transactions and less gas costs. 

The core intent of Starknet lies in its intent to revolutionize scalability without jeopardizing security. 

Sometime last year, the projects team announced a 50 million airdrop to its faithfuls, it is glad to see that it has come to fruition. 

Consequently, Its native token is called $STRK, upon its launch it received immense traction, the recent inclination shown by top exchange platforms like Bitget and all to list it shows how much of good traction it has garnered. 

Being a native token of the Starknet ecosystem, earning it could be by staking and paying of network fees.  

Conclusively and taking a cue from Starknet, L2s are a wonderful innovation to grace the crypto landscape and I look forward to its continued growth. 

[Muhaammaadd]

starknet seems like an exciting innovation and i hope to put it to use soon!

[Imam]

On 21/02/2024 at 01:02, Muhaammaadd said:

starknet seems like an exciting innovation and i hope to put it to use soon!

Yeah, people are called it ETH K*ller grabbed it here...

[XTRAVAGANZA]

On 20/02/2024 at 18:40, MetaverseLawyer said:

In an attempt to curb one of the integral parts of the blockchain trilemma, L2 frameworks have sprung up as one of the most effective ways of bringing forth scalability and a higher transaction throughput. 

Gleaning from the above, numerous attempts have been made. Thus, scaling technologies like Starknet have evolved to boost a faster transaction throughput on the Ethereum network. 

Simply put, starknet is a zero knowledge rollup built on the Ethereum network with the inherent capacity to be highly scalable without jeopardizing the security of Ethereum which is the base network. 

These ZK rollups operate primarily by bundling transactions into batches to be executed off chain. This reduces the amount of data to be sent to the main chain or base network thus enhancing faster transactions and less gas costs. 

The core intent of Starknet lies in its intent to revolutionize scalability without jeopardizing security. 

Sometime last year, the projects team announced a 50 million airdrop to its faithfuls, it is glad to see that it has come to fruition. 

Consequently, Its native token is called $STRK, upon its launch it received immense traction, the recent inclination shown by top exchange platforms like Bitget and all to list it shows how much of good traction it has garnered. 

Being a native token of the Starknet ecosystem, earning it could be by staking and paying of network fees.  

Conclusively and taking a cue from Starknet, L2s are a wonderful innovation to grace the crypto landscape and I look forward to its continued growth. 

The emergence of L2 frameworks like Starknet signals a promising step towards addressing scalability concerns in blockchain technology, with recent developments such as its native token listing on platforms like Bitget highlighting its growing traction and potential.

[Imam]

On 23/02/2024 at 20:34, XTRAVAGANZA said:

The emergence of L2 frameworks like Starknet signals a promising step towards addressing scalability concerns in blockchain technology, with recent developments such as its native token listing on platforms like Bitget highlighting its growing traction and potential.

Obviously it's gonna get 🚀🚀🚀 just like SEI did last time. Haven't sold my bag yet.