Starknet, a Layer 2 scaling solution for Ethereum, is making major strides in its governance. In a recent community vote, Starknet's users approved a dynamic staking mechanism designed to control inflation of the STRK token.

Here is how some of your favorite assets concluded the week.

Since the Ethereum Foundation proposed ZK-Rollups as one of the most efficient ways to scale Ethereum, this technology has become extremely popular and has managed to revolutionize the blockchain ecosystem.

The recent vote within the Starknet community has given the green light to a new staking feature, known as “SNIP 18.” This proposal, developed by core team member StarkWare, received broad support, with 98.94% of voters endorsing it through Snapshot's decentralized Snapshot X platform.

Meanwhile, the SEC claimed that when it said "crypto asset securities" it never meant tokens were actually securities.

Users holding over 20,000 STRK will soon have access to a new staking mechanism for the token following a near-unanimous vote.

TL;DR Starknet to Introduce Staking: Starknet will launch staking for its STRK token after the SNIP 18 proposal was overwhelmingly approved by the community. Community Support: The proposal saw 98.94% approval, highlighting strong community backing for decentralization efforts.

Starting in the fourth quarter of this year, Starknet will enable users holding more than 20,000 STRK tokens to stake on its network.

The approved staking mechanism for STRK token could significantly enhance community participation and drive the network towards full decentralization. The post Starknet community greenlights staking mechanism for STRK token appeared first on Crypto Briefing.

Starknet implements dynamic minting for STRK tokens, balancing staking incentives and token supply with community backing.

Starknet has approved a governance proposal, named “SNIP 18,” to implement staking within its network.

The new mechanism on Starknet means that anyone holding more than 20,000 STRK will be able to stake on the network, from the fourth quarter of this year.

Digital coins flourished today as the crypto market cap reclaimed the $2 trillion level after a 3.18% increase in the past day. While such sentiments catalyzed significant gains in the altcoin space, Starknet (STRK) displayed struggle, losing 2.97% in its daily chart to hover at $0.4137.

Previously, participating in DAOs required paying gas fees for voting, which could sometimes exceed ten dollars. These costs created barriers to participation and made on-chain voting less appealing.

Starknet is set to hold its first on-chain vote on Sept. 10. Hopefully, it will set a precedent for protocols to follow going forward.

Governance voting platform Snapshot has announced the launch of Snapshot X, a new onchain voting protocol.

LayerZero's CEO commented on the inclusion of a “big Sybil hunt” to block bots and reward real users. The main reason for Sybil filtering was due to fake accounts trying to claim airdropped tokens.

TL;DR Snapshot Labs has launched Snapshot X, an on-chain voting protocol using Starknet's roll-up technology, eliminating gas fees and enhancing security for DAOs. Snapshot X allows users to prove asset ownership on one blockchain without moving them, reducing costs and improving security through storage proofs.

This innovation revolutionizes governance by eliminating gas fees, lowering costs, and enhancing security. Snapshot X is built on Starknet's roll-up technology.

Snapshot X enables gasless onchain voting for DAOs using Starknet technology, advancing governance with lower costs and enhanced security.

Snapshot X launched today, introducing a protocol that enables gas-free onchain voting for decentralized autonomous organizations.

Snapshot X, the new governance protocol, makes use of storage proofs – a cryptographic feature that StarkWare, the primary developer of Starknet, has helped innovate and embraced.

StarkGuardians, the pioneering NFT collection on StarkNet, has launched its new NFT lending and borrowing protocol.

Here is how some of your favorite assets concluded the week.

Although the market dips even further after weak macro releases, Starknet (STRK) remains bullish with developments that offset the market's fear, uncertainty, and doubt. According to CoinGecko, STRK rose nearly 23% since last week, keeping much of the bearish momentum at bay.

Starknet, an Ethereum layer-2 scaling solution, rallied more than 11% over the past day. According to price data from crypto.news, Starknet (STRK) was trading at $0.438 upon writing.

While Bitcoin continues its downward trend, HNT and STRK emerge as the top gainers in the altcoin market due to strategic network upgrades and community optimism.

Is Buterin's latest move a strategic play or a charitable donation?

The cryptocurrency community has been intrigued by recent developments on the Ethereum layer-2 protocol Starknet (STRK). Notably, Vitalik Buterin, Ethereum cofounder, has initiated the unlocking of 2.1 million STRK tokens, valued at approximately $858,700, in two rounds.

As major cryptos rebound from fresh multi-week lows, with Bitcoin (BTC) back near $58,000 after dipping briefly as low as the $55,000s earlier on Wednesday, investors are scouring altcoin markets for top crypto performers today that might be able to outperform amidst ongoing market uncertainty.

Vitalik Buterin, co-founder of Ethereum, has increased his STRK holdings. He currently holds over 2.1 million tokens; his recent transaction added over 1.2 million STRK tokens.

Buterin's crypto portfolio is largely dominated by Ether followed by 2.11 million Starknet (STRK) units, worth about $809K.

Amid the heightened fear of further crypto capitulation in the coming weeks, some altcoins, led by Starknet (STRK) are gradually presenting opportunities for long-term investors to make more discounted purchases. The anticipated reversal in Bitcoin (BTC) dominance will accelerate the ongoing crypto cash oration to the altcoins.

The crypto prices today have again sparked severe investor concerns globally. Bitcoin (BTC) price slipped to the $57K level, whereas Ethereum (ETH), Solana (SOL), and XRP traded dominantly in the red territory.

TL;DR Starknet releases version 0.13.2 with two key innovations: parallel execution and block packing. Parallel execution allows processing multiple transactions simultaneously, reducing confirmation times and latency. Block packing optimizes space usage, reducing Layer 1 costs and accelerating transaction confirmation to 2 seconds.

The world of blockchain is constantly evolving, driven by the need to improve scalability, reduce transaction costs, and increase the speed of operations: Starknet, one of the most promising Layer 2 chains, has recently made a significant step forward in this direction with the introduction of parallel execution, a new feature that allows processing

The introduction of parallel execution effectively removes this bottleneck, allowing Starknet to process a greater volume of transactions at once.

Starknet's v0.13.2 upgrade brings faster transactions with parallel execution, redefining Layer 2 scaling on Ethereum.

Starknet has introduced a mechanism called parallel execution to execute multiple transactions simultaneously on its Layer 2 chain.

Ethereum layer-2 scaling solution Starknet unveiled simultaneous transaction processing with the v0.13.2 update. The parallel transaction execution feature is currently on the testnet, and the mainnet release is scheduled a week later.

With parallel execution, Starknet can handle multiple transactions simultaneously.

Ethereum layer-2 scaling solution Starknet has rolled out its parallel execution feature on testnet, anticipating mainnet launch in a few weeks.

TL;DR Starknet will launch STRK staking, introducing a new security mechanism and a community voting system on the mainnet. STRK staking, which requires at least 20,000 STRK or token delegation, will be subject to a 21-day lockup period.

Starknet proposes STRK staking as the first item on the network's inaugural community voting system.

Starknet's inaugural staking vote introduces mechanisms for minting and parameter adjustments, paving the way for staking by October 2024.

Starknet announces its first mainnet vote for STRK holders, which is set to introduce staking with a potential launch in October.

Starknet will let STRK holders vote on adding a STRK staking function to its mainnet for the first time.