Jump to content

Starknet; An Emerging L2 With A Difference.


Recommended Posts

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. 

  • Like 1
Link to comment
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.

  • Great! 1
Link to comment
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.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Certain centralised platforms have been very intentional about creating wealth for its users to this end CEXs like Bitget have built certain frameworks to aid this adequately.  Through the instrument of its launch pool, it lets users earn massive APR thus providing a good ground for wealth creation. The performance of some of the launchpool projects lends credence to this, the likes of $ENA, $ZKF $GRAPE and a host of others generated good APRs.  In an almost similar exactitude as the launchpool, the PoolX is the new framework that lets users earn by staking $BGB and $USDT to mine other tokens on the platform. From the products Bitget have brought forth it is safe to say the platform is playing a worthwhile part in wealth creation to every crypto enthusiast around the globe.  Personally, I have participated in these and i will say they are worthwhile opportunities to make fortunes off of, i will advise you jump on it too anon.
    • Certain centralised platforms have been very intentional about creating wealth for its users to this end CEXs like Bitget have built certain frameworks to aid this adequately.  Through the instrument of its launch pool, it lets users earn massive APR thus providing a good ground for wealth creation. The performance of some of the launchpool projects lends credence to this, the likes of $ENA, $ZKF $GRAPE and a host of others generated good APRs.  In an almost similar exactitude as the launchpool, the PoolX is the new framework that lets users earn by staking $BGB and $USDT to mine other tokens on the platform. From the products Bitget have brought forth it is safe to say the platform is playing a worthwhile part in wealth creation to every crypto enthusiast around the globe.  Personally, I have participated in these and i will say they are worthwhile opportunities to make fortunes off of, i will advise you jump on it too anon.
    • For example, look at today's 15/04/24,  DAX (Germany) 40 chart action. I predicted that the market would take off up from the very start and have a positive morning.
×
×
  • Create New...
us