STARKNET
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👑 Summary of Selected Articles from CoinRank.io Official Website
1️⃣ #Japanese Government Statement: The Japanese government has stated that it is still unfamiliar with the Bitcoin reserve plans of other countries and does not plan to include Bitcoin in its reserves due to its high volatility.
2️⃣ #STARKNET Bridge Volume: Starknet’s total bridge volume (TVB) has reached 960,331 ETH, with over 1.2 million bridging addresses.
• Starknet is a #Layer2 scaling solution built on Ethereum that utilizes Zero-Knowledge Proof technology to enhance transaction throughput.
3️⃣ BT Merge Announcement: BT has announced the merge of BT Wallet Token (BWB) with BT Token (BGB), effective December 27, 2024.
• The merge will replace BWB with BGB, and users will receive BGB tokens proportionally based on their BWB holdings.
• The total supply of BGB will remain unaffected by the merge, and no new tokens will be issued to users
1️⃣ #Japanese Government Statement: The Japanese government has stated that it is still unfamiliar with the Bitcoin reserve plans of other countries and does not plan to include Bitcoin in its reserves due to its high volatility.
2️⃣ #STARKNET Bridge Volume: Starknet’s total bridge volume (TVB) has reached 960,331 ETH, with over 1.2 million bridging addresses.
• Starknet is a #Layer2 scaling solution built on Ethereum that utilizes Zero-Knowledge Proof technology to enhance transaction throughput.
3️⃣ BT Merge Announcement: BT has announced the merge of BT Wallet Token (BWB) with BT Token (BGB), effective December 27, 2024.
• The merge will replace BWB with BGB, and users will receive BGB tokens proportionally based on their BWB holdings.
• The total supply of BGB will remain unaffected by the merge, and no new tokens will be issued to users
See original
$STRK returns to the accumulation zone nearly 100 days ago
Are you guys still holding and bullish on $STRK? I guess 100% still are, I am too when checking the trading situation on Binance and OKX.
STRK derivatives data:
1️⃣Netflow
Almost always negative, meaning the amount of $STRK withdrawn from the exchange is greater than the amount deposited:
- They are not selling STRK immediately, but tend to hold assets in personal wallets (possibly for long-term investment).
=> Prices have decreased since the beginning of December to the present, but the amount of tokens withdrawn from the exchange to wallets is also considered the second highest of the year, after March and April 2024.
STRK derivatives data:
1️⃣Netflow
Almost always negative, meaning the amount of $STRK withdrawn from the exchange is greater than the amount deposited:
- They are not selling STRK immediately, but tend to hold assets in personal wallets (possibly for long-term investment).
=> Prices have decreased since the beginning of December to the present, but the amount of tokens withdrawn from the exchange to wallets is also considered the second highest of the year, after March and April 2024.
Feed-Creator-65a9a054a:
you are bullish when BTC is near ATH and strk back near ATL?
#BTCNextMove those who are fear of getting the bearish move will be wiped out and those who were hold up for several more months .. will see the$BTC around 1.5million #btc bull run around march .
Keep buying last opportunity
Top 5 alts that would be seen like a rocket
#starknet
#Sei
#Ethfi
Keep buying last opportunity
Top 5 alts that would be seen like a rocket
#starknet
#Sei
#Ethfi
Starknet or Scroll
The ongoing debate between #Starknet and #Scroll represents a broader competition in the Layer 2 ecosystem, particularly among ZK-rollups designed to scale #Ethereum. Both projects are technically innovative but differ in fundamental philosophies, designs, and use cases.
Starknet: A Pioneer in ZK-Rollups
Starknet leverages STARK proofs, prioritizing scalability and decentralization. With its Cairo programming language, Starknet is optimized for performance but at the cost of accessibility—developers must adapt to Cairo instead of relying solely on Solidity, Ethereum's primary language. Starknet's architecture supports account abstraction, simplifying user experiences and enabling features like gas fee delegation. Furthermore, Starknet has strong backing from its ecosystem and has integrated projects like #dYdX , demonstrating significant real-world adoption
Key features:
STARK proofs: More scalable and quantum-resistant compared to zk-SNARKs.
Account abstraction: Enables wallets to have advanced functionality.
Innovative tokenomics: The STRK staking program has gained traction, boasting over 100 million STRK tokens staked
However, critics of Starknet argue that its Cairo-first approach creates a steep learning curve for developers, potentially hindering adoption compared to EVM-compatible solutions.
Scroll: EVM-Compatibility First
Scroll takes a different path, aiming for EVM-equivalence. By using zk-SNARKs, Scroll ensures Ethereum's native tools and applications work seamlessly without requiring developers to rewrite code. This design lowers entry barriers for existing Ethereum projects, making Scroll appealing to those prioritizing ease of integration over raw performance. Scroll emphasizes high decentralization by decentralizing its prover network, maintaining the security ethos of Ethereum.
Key features:
EVM-equivalence: Full compatibility with Ethereum's development stack.
Developer-friendly: No need for specialized programming languages.
Decentralization focus: Validator roles are distributed early, enhancing decentralization.
Despite its strengths, Scroll's reliance on zk-SNARKs comes with trade-offs. While its compatibility is a major advantage, its scalability might not match Starknet's STARK-based design over time.
Starknet vs. Scroll: Which Is Better?
Both projects cater to different audiences:
If you’re building cutting-edge, scalable dApps or need advanced functionality, Starknet offers a long-term solution with higher throughput.
If you prioritize ease of migration and compatibility with Ethereum, Scroll is ideal for seamless integration.
Ultimately, neither solution is objectively "better." Starknet is more suited for developers and projects that value scalability and are willing to learn Cairo. Scroll, on the other hand, serves Ethereum developers who want to leverage Layer 2 without adapting to a new development paradigm .
This debate highlights how diversity in Layer 2 solutions benefits the Ethereum ecosystem as a whole. Users and developers now have options tailored to their specific needs and trade-offs.
$STRK
Starknet: A Pioneer in ZK-Rollups
Starknet leverages STARK proofs, prioritizing scalability and decentralization. With its Cairo programming language, Starknet is optimized for performance but at the cost of accessibility—developers must adapt to Cairo instead of relying solely on Solidity, Ethereum's primary language. Starknet's architecture supports account abstraction, simplifying user experiences and enabling features like gas fee delegation. Furthermore, Starknet has strong backing from its ecosystem and has integrated projects like #dYdX , demonstrating significant real-world adoption
Key features:
STARK proofs: More scalable and quantum-resistant compared to zk-SNARKs.
Account abstraction: Enables wallets to have advanced functionality.
Innovative tokenomics: The STRK staking program has gained traction, boasting over 100 million STRK tokens staked
However, critics of Starknet argue that its Cairo-first approach creates a steep learning curve for developers, potentially hindering adoption compared to EVM-compatible solutions.
Scroll: EVM-Compatibility First
Scroll takes a different path, aiming for EVM-equivalence. By using zk-SNARKs, Scroll ensures Ethereum's native tools and applications work seamlessly without requiring developers to rewrite code. This design lowers entry barriers for existing Ethereum projects, making Scroll appealing to those prioritizing ease of integration over raw performance. Scroll emphasizes high decentralization by decentralizing its prover network, maintaining the security ethos of Ethereum.
Key features:
EVM-equivalence: Full compatibility with Ethereum's development stack.
Developer-friendly: No need for specialized programming languages.
Decentralization focus: Validator roles are distributed early, enhancing decentralization.
Despite its strengths, Scroll's reliance on zk-SNARKs comes with trade-offs. While its compatibility is a major advantage, its scalability might not match Starknet's STARK-based design over time.
Starknet vs. Scroll: Which Is Better?
Both projects cater to different audiences:
If you’re building cutting-edge, scalable dApps or need advanced functionality, Starknet offers a long-term solution with higher throughput.
If you prioritize ease of migration and compatibility with Ethereum, Scroll is ideal for seamless integration.
Ultimately, neither solution is objectively "better." Starknet is more suited for developers and projects that value scalability and are willing to learn Cairo. Scroll, on the other hand, serves Ethereum developers who want to leverage Layer 2 without adapting to a new development paradigm .
This debate highlights how diversity in Layer 2 solutions benefits the Ethereum ecosystem as a whole. Users and developers now have options tailored to their specific needs and trade-offs.
$STRK
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$STRK
The Ethereum Layer 2 network solution Starknet has released its 2024 developer situation summary, which mainly includes:
1. Starknet ranks fourth in the number of developers within the Ethereum ecosystem.
2. Over 1,000 new developers are exploring Starknet.
3. Starknet is one of the top ten ecosystems with the most full-time developers (developers coding more than 10 days per month).
4. Starknet is one of the top ten blockchains with the fastest growth in full-time developers.
5. Despite most ecosystems losing developers, Starknet continues to attract new ones.
This data indicates that Starknet's influence and appeal within the developer community are growing, and it holds an important position in the Ethereum ecosystem.
#Starknet #strk #strk币
The Ethereum Layer 2 network solution Starknet has released its 2024 developer situation summary, which mainly includes:
1. Starknet ranks fourth in the number of developers within the Ethereum ecosystem.
2. Over 1,000 new developers are exploring Starknet.
3. Starknet is one of the top ten ecosystems with the most full-time developers (developers coding more than 10 days per month).
4. Starknet is one of the top ten blockchains with the fastest growth in full-time developers.
5. Despite most ecosystems losing developers, Starknet continues to attract new ones.
This data indicates that Starknet's influence and appeal within the developer community are growing, and it holds an important position in the Ethereum ecosystem.
#Starknet #strk #strk币
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#communityfarm #starknet The famous network Starknet has given a big surprise by leaving aside its entire community...
They have allocated many millions of dollars in token to institutions that have done nothing but sell Stark. (images are attached to prove it)
The application of non-organic criteria, and the lack of judgment and tact of its CEO in calling its community E-beggar has unleashed the community's anger.
Added to the above is that the onchain analysis shows that inside members developed strategies to create multi-accounts through which they left the community without assignment to the point of self-allocating more than 4 million through the attack of bots, without a doubt leaving more questions than answers. .
Starknet DEVs have shown that entropy is also present in blockchains.
They have allocated many millions of dollars in token to institutions that have done nothing but sell Stark. (images are attached to prove it)
The application of non-organic criteria, and the lack of judgment and tact of its CEO in calling its community E-beggar has unleashed the community's anger.
Added to the above is that the onchain analysis shows that inside members developed strategies to create multi-accounts through which they left the community without assignment to the point of self-allocating more than 4 million through the attack of bots, without a doubt leaving more questions than answers. .
Starknet DEVs have shown that entropy is also present in blockchains.
Starknet (STRK) Up 13% on Revised Token Distribution Schedule
Starknet, the layer 2 scalability solution built on Ethereum, has announced a major overhaul to its STRK token unlock model. This announcement followed strong criticism by the crypto community of STRK’s initial unlock schedule.
Starknet developer StarkWare, responded to the backlash by implementing a revised schedule with a more gradual distribution of STRK tokens. This decision was met with a positive market reaction, with the STRK token increasing in value by approximately 10%.
#Write2Earn #strk #starknet
Starknet, the layer 2 scalability solution built on Ethereum, has announced a major overhaul to its STRK token unlock model. This announcement followed strong criticism by the crypto community of STRK’s initial unlock schedule.
Starknet developer StarkWare, responded to the backlash by implementing a revised schedule with a more gradual distribution of STRK tokens. This decision was met with a positive market reaction, with the STRK token increasing in value by approximately 10%.
#Write2Earn #strk #starknet
Starknet's TVL Skyrockets by 194% in Just A Week: What's Next for STRK?:
In less than two weeks after its Mainnet launch, Starknet has seen its Total Value Locked (TVL) soar to $1.32 billion, marking an impressive 194% surge, as per data obtained by AMBCrypto from L2BEAT.
This surge indicates a notable resurgence in market trust for the project. Despite early controversies surrounding token dumping and issuance errors, Starknet's successful Mainnet launch has propelled it to become the fourth-largest Layer 2 (L2) project on Ethereum blockchain.
The TVL, which measures the value of assets staked or locked on a particular blockchain network, serves as a crucial metric for gauging market confidence. Starknet's remarkable TVL growth signifies a positive shift in sentiment among market participants towards its Layer 2 solution.
However, while the surge in TVL paints a promising picture for Starknet's future, its native token STRK's price trajectory remains uncertain. The recent dip in development activity, coupled with concerns over token unlock schedules, raises questions about STRK's short-term performance.
Nevertheless, indicators such as an increase in stablecoin supply held by whales and potential movements in ETH's price towards $3,500 offer glimmers of hope for STRK's price stabilization or even a significant upswing.
As the landscape evolves, all eyes are on whether Starknet's recent momentum can translate into sustained growth for its native token, STRK.
#Write2Earn #strk #starknet
In less than two weeks after its Mainnet launch, Starknet has seen its Total Value Locked (TVL) soar to $1.32 billion, marking an impressive 194% surge, as per data obtained by AMBCrypto from L2BEAT.
This surge indicates a notable resurgence in market trust for the project. Despite early controversies surrounding token dumping and issuance errors, Starknet's successful Mainnet launch has propelled it to become the fourth-largest Layer 2 (L2) project on Ethereum blockchain.
The TVL, which measures the value of assets staked or locked on a particular blockchain network, serves as a crucial metric for gauging market confidence. Starknet's remarkable TVL growth signifies a positive shift in sentiment among market participants towards its Layer 2 solution.
However, while the surge in TVL paints a promising picture for Starknet's future, its native token STRK's price trajectory remains uncertain. The recent dip in development activity, coupled with concerns over token unlock schedules, raises questions about STRK's short-term performance.
Nevertheless, indicators such as an increase in stablecoin supply held by whales and potential movements in ETH's price towards $3,500 offer glimmers of hope for STRK's price stabilization or even a significant upswing.
As the landscape evolves, all eyes are on whether Starknet's recent momentum can translate into sustained growth for its native token, STRK.
#Write2Earn #strk #starknet
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Thanks to These Sites, You Will Not Miss the Starknet Airdrop!
When I made the list of platforms for Linea, some people asked about StarkNet. For the convenience of those who trade for StarkNet Airdrop, I have collected DeFi platforms that you can use in the ecosystem.
Wallets You Can Use:
1. Braavos
2.argent
You can install these as add-ons from the chrome store. Since the two wallets are different, you need to set up a separate wallet in both. You can use both wallets separately.
Bridges Where You Can Transfer Money to the StarkNet Network:
Wallets You Can Use:
1. Braavos
2.argent
You can install these as add-ons from the chrome store. Since the two wallets are different, you need to set up a separate wallet in both. You can use both wallets separately.
Bridges Where You Can Transfer Money to the StarkNet Network:
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THIS WOULD BE WHAT I'D QUIT WORK AND DO🔥
Let me be clear. If the job I was working in prevented me from getting an airdrop and I had enough money saved aside to survive for 1 year and a budget that I could use for $1000 airdrops, I would resign from my job and do #airdrop .
While I could gain financial freedom through airdrops, it would be a greater risk for me to work in a job where I could only save the month.
Even recently, there were people who changed their lives with just #starknet . You still have great opportunities ahead of you. These are more valuable than most things.
Let me be clear. If the job I was working in prevented me from getting an airdrop and I had enough money saved aside to survive for 1 year and a budget that I could use for $1000 airdrops, I would resign from my job and do #airdrop .
While I could gain financial freedom through airdrops, it would be a greater risk for me to work in a job where I could only save the month.
Even recently, there were people who changed their lives with just #starknet . You still have great opportunities ahead of you. These are more valuable than most things.
See original
🚀 $STRK has started running, guys
👉 Recently, the vote for proposal #starking $STRK has been approved
👉 #starknet has also just announced a new ecosystem development support package worth 1 million USD
🔍 Looking at the sideway candle cluster, it is trending up (the next peak is higher than the previous peak, the next bottom is higher than the previous bottom)
💥The market has been adjusting for quite a long time, projects and MMs also have time to accumulate. Those who are afraid have already cut their losses
Now that the market has recovered, every project needs to take advantage of the good time to push up the price to close profits.
So don't try to fomo projects that have increased a lot because it is very easy for them to adjust and then increase again.
You should choose projects with good fundamental analysis that have not increased strongly.
🤔 Are you still holding on to $STRK or have you jumped to $SUI ?
👉 Recently, the vote for proposal #starking $STRK has been approved
👉 #starknet has also just announced a new ecosystem development support package worth 1 million USD
🔍 Looking at the sideway candle cluster, it is trending up (the next peak is higher than the previous peak, the next bottom is higher than the previous bottom)
💥The market has been adjusting for quite a long time, projects and MMs also have time to accumulate. Those who are afraid have already cut their losses
Now that the market has recovered, every project needs to take advantage of the good time to push up the price to close profits.
So don't try to fomo projects that have increased a lot because it is very easy for them to adjust and then increase again.
You should choose projects with good fundamental analysis that have not increased strongly.
🤔 Are you still holding on to $STRK or have you jumped to $SUI ?
⚡️Starting to enter September (falling)
Looking back at the past, September every year #Bitcoin is mostly red
This year, the market has shown everyone that at the beginning of the month
We are expecting good things when
✍️ 18/09 #FED will cut interest rates for the first time
✍️ Efforts to beautify economic data to maintain the confidence of the American people for the election taking place in November of the current administration
✍️ The market has been adjusting since March. It can also increase again at any time.
✍️ Timing the 4-year market cycle #crypto
👀 With those expectations, those who still have goods will continue to#HOLDtightly. Those who have not bought will also prepare to buy.
So the creator will take the initiative from the beginning of the month to make people afraid and not dare to carry out the plans as expected above.
👉 Then at the end of the year, the market will still increase as expected but:
- People will not dare to buy and will buy later when the price has confirmed the uptrend (this buying force also helps the fish push the price faster and less expensive. At the same time, it will limit the selling force if many people buy early and make a profit)
- Many people will not be able to bear it or want to optimize and close out and wait to buy again. They will encounter the situation as above, which is to chase after buying later.
- The decisive turning around is often when people least expect it, so continuing to let people lose faith and then turning around to the uptrend is the most reasonable, right guys?
You guys just look back and you will see.
🤔 It might be better to collapse first, but if everyone is green at the beginning of the month and then fomo and then wait to hold the month or collapse at the end of the month, it will be more painful because people will be caught up with the last capital.
$BTC $ETH $BNB
Looking back at the past, September every year #Bitcoin is mostly red
This year, the market has shown everyone that at the beginning of the month
We are expecting good things when
✍️ 18/09 #FED will cut interest rates for the first time
✍️ Efforts to beautify economic data to maintain the confidence of the American people for the election taking place in November of the current administration
✍️ The market has been adjusting since March. It can also increase again at any time.
✍️ Timing the 4-year market cycle #crypto
👀 With those expectations, those who still have goods will continue to#HOLDtightly. Those who have not bought will also prepare to buy.
So the creator will take the initiative from the beginning of the month to make people afraid and not dare to carry out the plans as expected above.
👉 Then at the end of the year, the market will still increase as expected but:
- People will not dare to buy and will buy later when the price has confirmed the uptrend (this buying force also helps the fish push the price faster and less expensive. At the same time, it will limit the selling force if many people buy early and make a profit)
- Many people will not be able to bear it or want to optimize and close out and wait to buy again. They will encounter the situation as above, which is to chase after buying later.
- The decisive turning around is often when people least expect it, so continuing to let people lose faith and then turning around to the uptrend is the most reasonable, right guys?
You guys just look back and you will see.
🤔 It might be better to collapse first, but if everyone is green at the beginning of the month and then fomo and then wait to hold the month or collapse at the end of the month, it will be more painful because people will be caught up with the last capital.
$BTC $ETH $BNB
Starknet, an Ethereum Layer 2 scaling solution, and SiteSwap, an automated market maker, have announced the launch of their fee-generating and governance token, SITH.
The public sale will take place from March 27 to April 4, with 15 million SITH tokens available. The initial fixed price is 0.15 STRK per 1 SITH.
#starknet #sith #strkusdt #StarknetUpdate
The public sale will take place from March 27 to April 4, with 15 million SITH tokens available. The initial fixed price is 0.15 STRK per 1 SITH.
#starknet #sith #strkusdt #StarknetUpdate
See original
#strk Solve the problem, get more strategic shareholders
April's expectation is the promise of #starknet 9$ soon
#Write2Earn
April's expectation is the promise of #starknet 9$ soon
#Write2Earn
See original
#kakarot #zkevm #starknet #airdrop #testnet
Thread about the benefits of Kakarot zkEVM using @Starknet technology.
1/
🧵
Let's explore how Kakarot zkEVM benefits from using Starknet technology. Spoiler: it's a powerful combination!🚀
2/ Innovative Technological Stack
- Kakarot uses the Starknet stack, which includes CairoVM and StarknetOS.
- This highly tested base ensures safety and reliability.📈🔒
3/ Evidence of Probable Execution
- Starknet allows the generation of proofs of probable execution using STARKs.
- This increases the security and integrity of transactions on Kakarot zkEVM.🛡️
4/ Performance and Scalability
- Transactions are processed outside of the Ethereum main chain and only STARK proofs are submitted to Ethereum L1, reducing load and costs.💰⚡
5/ Native Account Abstraction
- Kakarot zkEVM can implement native account abstraction, allowing you to add new functionality efficiently and without hassle.🔄
6/ Adapting to Ethereum Updates
- With its flexible architecture, Kakarot zkEVM tracks all Ethereum updates from day one, minimizing EVM fragmentation. 🌐
7/ Community and Support
- Starknet has a robust community and strong support, helping Kakarot developers resolve issues and discuss new features.🤝👥
8/ Scalability Benefits
- Kakarot's modular architecture enables data parallelization and modularity, further improving network scalability and performance.🔄📊
9/ Continuous Innovation
- Kakarot is designed to be at the forefront of innovations, continually leveraging improvements to the Cairo stack and new EVM functionality.🚀✨
10/ Summary
Using Starknet, Kakarot zkEVM combines security, scalability, innovation and strong community support to improve Ethereum.🔗✨
#Kakarot#zkEVM#Starknet#Ethereum#Blockchain#Scalability #starknetdefi
Thread about the benefits of Kakarot zkEVM using @Starknet technology.
1/
🧵
Let's explore how Kakarot zkEVM benefits from using Starknet technology. Spoiler: it's a powerful combination!🚀
2/ Innovative Technological Stack
- Kakarot uses the Starknet stack, which includes CairoVM and StarknetOS.
- This highly tested base ensures safety and reliability.📈🔒
3/ Evidence of Probable Execution
- Starknet allows the generation of proofs of probable execution using STARKs.
- This increases the security and integrity of transactions on Kakarot zkEVM.🛡️
4/ Performance and Scalability
- Transactions are processed outside of the Ethereum main chain and only STARK proofs are submitted to Ethereum L1, reducing load and costs.💰⚡
5/ Native Account Abstraction
- Kakarot zkEVM can implement native account abstraction, allowing you to add new functionality efficiently and without hassle.🔄
6/ Adapting to Ethereum Updates
- With its flexible architecture, Kakarot zkEVM tracks all Ethereum updates from day one, minimizing EVM fragmentation. 🌐
7/ Community and Support
- Starknet has a robust community and strong support, helping Kakarot developers resolve issues and discuss new features.🤝👥
8/ Scalability Benefits
- Kakarot's modular architecture enables data parallelization and modularity, further improving network scalability and performance.🔄📊
9/ Continuous Innovation
- Kakarot is designed to be at the forefront of innovations, continually leveraging improvements to the Cairo stack and new EVM functionality.🚀✨
10/ Summary
Using Starknet, Kakarot zkEVM combines security, scalability, innovation and strong community support to improve Ethereum.🔗✨
#Kakarot#zkEVM#Starknet#Ethereum#Blockchain#Scalability #starknetdefi
See original
#starknet #airdrop $STRK
Educational Thread about StarkNet Technology
- Hey guys, I'm starting a painting in which I want to better explain how projects work and to start I chose to talk about @Starknet #starknetdefi
- Then follow me and follow me 👇🧶
1/🌐 What is StarkNet?
- StarkNet is a second layer solution for Ethereum that uses STARKs (Scalable Transparent ARguments of Knowledge) technology to improve the scalability and security of transactions on the blockchain.
- developed by StarkWare. Uses zero-knowledge tests
2/ 🔍What are STARKs?
- STARKs are a form of zero-knowledge proof that allows you to verify the validity of a transaction without revealing sensitive data.
- They are transparent (do not require reliable initial setup), scalable and secure against quantum computing attacks.
3/📈Scalability
- STARKs allow thousands of transactions to be grouped into a single proof. This proof is then verified at layer 1 of Ethereum.
- This increases the network's processing capacity and drastically reduces transaction fees.
4/🔐Security
- STARK technology uses hashing and encoding functions to create evidence that is extremely difficult to falsify.
- Additionally, quantum computing resistance makes STARK proofs secure in the long term, protecting against future technological advances in cryptography.
5/🌟Transparency
- Unlike zk-SNARKs, STARKs do not require a trusted initial setup, known as "trusted setup".
- This eliminates a potential point of failure and increases network transparency and security.
If you liked it, leave a like and comment so I can post part 2.
Educational Thread about StarkNet Technology
- Hey guys, I'm starting a painting in which I want to better explain how projects work and to start I chose to talk about @Starknet #starknetdefi
- Then follow me and follow me 👇🧶
1/🌐 What is StarkNet?
- StarkNet is a second layer solution for Ethereum that uses STARKs (Scalable Transparent ARguments of Knowledge) technology to improve the scalability and security of transactions on the blockchain.
- developed by StarkWare. Uses zero-knowledge tests
2/ 🔍What are STARKs?
- STARKs are a form of zero-knowledge proof that allows you to verify the validity of a transaction without revealing sensitive data.
- They are transparent (do not require reliable initial setup), scalable and secure against quantum computing attacks.
3/📈Scalability
- STARKs allow thousands of transactions to be grouped into a single proof. This proof is then verified at layer 1 of Ethereum.
- This increases the network's processing capacity and drastically reduces transaction fees.
4/🔐Security
- STARK technology uses hashing and encoding functions to create evidence that is extremely difficult to falsify.
- Additionally, quantum computing resistance makes STARK proofs secure in the long term, protecting against future technological advances in cryptography.
5/🌟Transparency
- Unlike zk-SNARKs, STARKs do not require a trusted initial setup, known as "trusted setup".
- This eliminates a potential point of failure and increases network transparency and security.
If you liked it, leave a like and comment so I can post part 2.
See original
The big shit airdrop is finally here! A total of 700 million tokens will be allocated (with a total value of more than 1 billion US dollars), and only 1.3 million addresses are eligible.
Query delivery: http://provisions.starknet.io
The amount of $STRK a Starknet user receives from a single address will be between 500 and 10,000. The basic conditions for qualifying for air investment include:
1. Have used the Starknet network for at least 3 separate months;
2. Generate at least 6 transactions;
3. The total transaction amount is not less than US$100
4. The address held at least 0.005 ETH at the time of the snapshot (November 15, 2023)
#starknet #空投 #撸毛 #爽 #内容挖矿
Query delivery: http://provisions.starknet.io
The amount of $STRK a Starknet user receives from a single address will be between 500 and 10,000. The basic conditions for qualifying for air investment include:
1. Have used the Starknet network for at least 3 separate months;
2. Generate at least 6 transactions;
3. The total transaction amount is not less than US$100
4. The address held at least 0.005 ETH at the time of the snapshot (November 15, 2023)
#starknet #空投 #撸毛 #爽 #内容挖矿
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