StarkNet is a permissionless decentralized ZK-Rollup, also known as a Validity Rollup, developed by StarkWare as a Layer 2 scaling solution for Ethereum. It aims to enhance transaction throughput and reduce costs while maintaining the security of Ethereum's Layer 1.
At the core of StarkNet's technology are zero-knowledge proofs (ZKPs), specifically STARKs (Scalable Transparent ARguments of Knowledge). ZKPs allow one party to prove the truth of a statement to another without revealing any additional information. StarkNet employs a Validity Rollup approach. It bundles multiple transactions off-chain, processes them, and generates a cryptographic proof (validity proof). This proof is then submitted to Ethereum's mainnet, ensuring the transactions are valid and verifiable.
Scalability is a major benefit of StarkNet. By processing transactions off-chain and submitting only the proofs on-chain, StarkNet can achieve higher transaction throughput compared to Ethereum's Layer 1. This is essential for DeFi, NFTs, and other applications requiring high scalability.
A key advantage is low gas costs. Since most computations happen off-chain, the gas fees are considerably lower. Users still pay a fee, but it's spread over many transactions, making individual transactions cheaper than on Ethereum's Layer 1.
StarkNet supports composability, meaning different smart contracts and dApps can interact seamlessly. This is vital for the interconnected ecosystem of DeFi applications and other use-cases that benefit from interoperability.
StarkNet is developer-friendly. It provides comprehensive tools and documentation for developers. Smart contracts are written in Cairo, StarkWare's programming language optimized for scalability and efficiency on StarkNet. In summary, StarkNet represents a major leap in Ethereum's scalability by using zero-knowledge proofs and validity rollups. It offers high throughput, low costs, and strong security, enabling a new range of high-performance, cost-effective dApps
Effortless, Swift, and Affordable Contract Deployment on StarkNet
Attention, Airdrop Farmers! If youâre already involved in Starknet farming (and we know you are đ), this is a must-read. Token deployment could be a crucial factor for upcoming airdrops, so letâs dive into the process. So, What Exactly Are StarkGuardians? StarkGuardians are unique digital heroines residing on StarkNet, a project that raised an astonishing $282.5 million. Their primary mission is to safeguard investorsâ interests in the world of NFT projects and lead the way in enhancing security. Hereâs How You Can Get Started: Head over to the website and click âLog inâ to connect your wallet:Â https://alpha.starkguardians.com/deployChoose from three contract options: ERC721, ERC20, or Basic (only 0.0005 $ETH plus Starknet fees).
3. Now, customize your contract by entering the name, symbol, and supply. 4. Hit âDeployâ and confirm the transaction in your wallet. If you wish, explore further interactions with your contract, click on interact.
Unlock More Opportunities with Starknet: Beyond contract deployment, thereâs a world of exciting possibilities with Starknet: Starknet Early Community Member Program Application: Be at the forefront of innovation. Apply hereStarknetQuest with Rewards: Embark on quests and earn valuable rewards.StarknetQuest to Increase Transactions: Take on quests that boost your transaction count. Start your journeyBraavos Ambassador Program: Join a community dedicated to Starknetâs success. Learn more With StarkGuardians and the Starknet ecosystem, youâre not just farming; youâre cultivating a world of possibilities. Get involved today! #BTC #BullRun #BRC20 #Web3Wallet #StarkNet
Empower Your Creativity on StarkNet with Flex: Mint and Deploy Your NFT Today.
Are you ready to unleash your inner artist or creator on the StarkNet network? With Flex, the possibilities are endless. This innovative platform now allows you to craft your very own NFT and even opens the door to potential airdrops from StarkNet. Are you intrigued? Letâs dive into what Flex has to offer: Introducing Flex â The Dynamic Marketplace for Starknet Flex isnât just another marketplace; itâs the first dynamic marketplace designed exclusively for StarkNet. Recently, Flex introduced a game-changing feature known as âStoreFront.â With this feature, you can seamlessly deploy your NFT on the StarkNet network. Itâs your chance to shine in the world of digital art and creativity. Hereâs Your Step-by-Step Guide to Flex: 1. Visit the Flex Website and Connect Your Starknet Wallet Head over to the Flexing.gg website, where your journey begins. Connect your Starknet wallet to start the NFT creation process. 2. Navigate to the âStorefrontâ Tab Once your wallet is connected, venture to the âStorefrontâ tab. Itâs here that youâll embark on your NFT creation adventure.
3. Choose Your Image and Provide NFT Details This is where your creativity takes centre stage. Choose an image that speaks to your artistic vision and fill in all the necessary details for your NFT. 4. Click âMintâ and Confirm the Transaction in Your Wallet With your NFT details in place, itâs time to bring your creation to life. Click âMint,â and confirm the transaction in your wallet. The minting process incurs a nominal fee, approximately $1, ensuring your work is safely stored on the StarkNet.
5. Your NFT, Your Profile Head to your profile to admire your newly minted NFT. Itâs a testament to your artistic flair and innovation. 6. Set the Stage: Specify Price and Expiration Date Now, itâs time to set the stage for your NFTâs journey. Specify the price at which youâd like to list your creation and set an expiration date. 7. Click âList Nowâ With all the pieces in place, click âList Nowâ to make your NFT available for the StarkNet community to discover and collect. Congratulations! With these simple steps, youâve successfully created and deployed your very own NFT on StarkNet, joining the ranks of digital artists and creators who are shaping the future of blockchain art. The world of NFTs is at your fingertips, waiting for you to explore. So, why wait? Dive into the realm of creativity, mint your NFT, and share your unique artistry with the StarkNet community today. To get started, visit the Flexing.gg website and embark on your NFT journey on StarkNet. #BinanceSquareTalks #BullRun #StarkNet #BTC #etf
âThe Quest for the Starkâs Crown: Journey through Starknet with âHi, Starks!â In a realm where blockchain technology reigns supreme, a new adventure is about to unfold. Enter the world of âStarknetâ where the Starks, the victors of the epic saga âGame of Thrones,â unite under a common banner. Itâs here, in this digital kingdom, that we invite you to embark on an on-chain campaign filled with excitement and rewards. #StarkNet #BullRun #sol #BTC #BinanceSquareTalks