StarkNet Protocol Will Get Native Token in September

Charlie Taylor

The Israel-based StarkWare team took another step towards decentralization: it announced the launch of a native token this Wednesday (13). According to details that Decrypt had access to, the token is part of a dual program so that it becomes a “public good, like Ethereum or the internet”. The second aspect of the latest announcement revolves around the launch of the non-profit StarkNet Foundation. The StarkNet Foundation will ensure the technology achieves its broad adoption objective. “StarkNet” is the name of the second-tier scalability technology. of Ethereum and “StarkWare” is the development team responsible for the network. The technology itself leverages “rollups” technology to improve network scalability. “Rollup” is the term given to scalability solutions that involve rolling up a batch of transactions. to be transmitted to the main Ethereum network, they are bundled and processed in a secondary network (second layer or L2) and then transmitted all at once to Ethereum, alleviating the overhead of the main network and lowering costs. will have three main purposes: It will be used to pay fees on StarkNet, it will act as the governance token, and it will support the technology’s consensus mechanism. development (17%), development partners and employees (32.9%), as well as the foundation (50.1%).The token is expected to be launched on Ethereum in September.*Translated by Daniela Pereira do Nascime nt with authorization from to invest in digital assets but don’t know where to start? Bitcoin Market offers the best and safest trading experience for anyone taking their first steps in the digital economy. Meet the MB!\r\n window.uolads.push({id: \”banner-970×250-area-1\” });\r\n \r\n

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