#Write2Earn Cryptocurrency market seeing slight recovery ahead of volatility surge expected in foreseeable futureEthereum almost thereBitcoin faces oppositionXRP's recent price trajectory has been met with a #STARK rejection, as it encountered a near-impenetrable resistance level that has halted its upward momentum. This resistance confluence is particularly formidable as it aligns with the 100, 50 and 200 EMAs, key technical indicators closely monitored by traders for significant price movements.The current price level has proven to be a substantial barrier for $XRP , as the EMAs have converged to form a tight band of resistance. This band has effectively capped the price, acting as a ceiling that XRP has struggled to breach. The close proximity of these EMAs indicates a critical decision point for the asset; a break above could signal a strong bullish turn, while continued rejection may cement the current level as a robust ceiling.XRP/USDT Chart by #tradingview Further exacerbating the situation is the noticeable lack of trading volume. Volume acts as fuel for price movements, with higher volumes often associated with strong price action. The tepid volume accompanying XRP's approach to this resistance suggests a lack of conviction among buyers, which can often precede a price retreat.From a technical perspective, the resistance zone around $0.58 to $0.60 is the area of interest. XRP's recent approach to this level was met with swift denial, indicating that overcoming this barrier will require a significant influx of buyer interest and volume.On the support side, the $0.50 level is one to watch. It has served as a historical psychological and technical support level, providing a foundation for price rebounds in the past. Should XRP retreat, the response of buyers at this level could determine the asset's short-term fate.Ethereum almost thereEthereum is on the cusp of breaching the pivotal $3,000 mark, showcasing formidable strength in an otherwise tepid market. Its resilience and upward momentum may well act as a catalyst for broader market #Optimism .The ascent toward $3,000 has been marked by consistent higher lows and higher highs, a bullish pattern that suggests strong buying interest at every dip. Technical indicators have turned favorable, with Ethereum recently pushing past the 50-day and 100-day EMAs — a sign that the momentum could sustain.Support levels for $ETH  have been notably robust. The primary support at the $2,750 mark, which aligns with the 50-day EMA, has been defended well by the bulls. This level is critical as it has been tested multiple times, proving to be a springboard for subsequent rallies. On the upside, the psychological and technical barrier of $3,000 stands as the next significant challenge. A decisive close above this level could open the gates for further exploration into uncharted price territories, with potential intermediate resistance at $3,200.ETH's exceptional performance can be partly attributed to the ongoing development within its ecosystem. The introduction of ERC-404, a new token standard that combines the versatility of NFTs with the fungibility of standard tokens, is an innovation that could further solidify Ethereum's position as the leading platform for decentralized applications.Bitcoin faces oppositionExamination of the $BTC  chart reveals that the asset is experiencing a consolidation phase, which is often a precursor to a trend continuation rather than a sign of stagnation.Currently trading above the $50,000 mark, Bitcoin has maintained a steady position near this psychological threshold. The consolidation phase is characterized by a narrowing price range, with Bitcoin oscillating between support and resistance levels that converge over time. This tightening of price movement is often associated with the accumulation of assets by traders and investors, setting the stage for a potential breakout.The key support level for Bitcoin lies around the $48,000 area, which aligns with the 50-day EMA. This level has been tested and held firm on several occasions, indicating strong buying interest. On the flip side, the immediate resistance is located near the $53,000 mark. A convincing break above this level could signal a bullish continuation, potentially targeting previous highs or setting new records.#TrendingTopic

Ever puzzled over a Sudoku game and wished it could be simplified? That's the magic Starknet brings to the Ethereum ecosystem! 🌐

#Starknet is a Validity Rollup Layer 2, a term you might not have heard before, but it simply means it speeds up #Ethereum transactions, cuts costs, yet keeps security tight as a drum.

Think of it as someone already solving the Sudoku puzzle for you, making verification a breeze. 🎯🔒

Unmasking Starknet: The New Face of Ethereum

But wait, there's more to it. Starknet contracts are primarily written in the Cairo language, a high-tech programming language custom-made for #STARK proofs. The STARK proof system is a secure and scalable cryptographic tool, the superhero of the cryptographic world, if you will. 🦸‍♂️

Starknet Protocol, a technology aimed to serve the public, has the full support of the Foundation. Starknet, just like #bitcoin , and Ethereum, is a decentralized network, an open playground where anyone can participate and create. It's a place where ideas are given life and boundaries are pushed. 🏗️

Starknet Foundation: Behind the Scenes

To further advance Starknet's mission, the Starknet Foundation was recently established. This independent body is laser-focused on nurturing and expanding the Starknet community. It's a guiding light that fosters an environment ripe for collaboration and creativity, helping to promote Starknet as a shared public asset. 🎉🤝

The Foundation is made up of experts from diverse fields, from former U.S. Deputy Chief Technology Officer Andrew McLaughlin to StarkWare CEO Uri Kolodny. These seasoned professionals bring a wealth of knowledge and unique perspectives to the table, all united by the common vision of advancing Starknet. 🌟

Nurturing such a community and expanding the network is no small feat. It's a Herculean task that requires juggling many roles, from fostering a culture of collaboration among developers to nurturing the Starknet user community. But with its robust resources and sheer determination, the Starknet Foundation is more than up for the challenge! 💪🤝

With the Starknet Foundation's support and the power of Starknet, the future of Ethereum is brighter than ever. Don't let this revolution pass you by.

P.S. Stay tuned, as there's a strong possibility of an upcoming airdrop from Starknet that could significantly amplify your crypto portfolio

If you found this article helpful, interesting, or just plain entertaining, show us some love!

Hit that "like" button, drop a comment, and don't forget to share it with your friends who need to know about "argument"! 👍📝📤

$BTC $ETH $OP

StarkWare is paving the way for decentralization on two fronts: planning and implementation. A well-defined roadmap is in place to guide the transformation of the Starknet protocol into a decentralized proof-of-stake protocol.
Introduction
#StarkNet currently leverages the security and decentralization of the Ethereum blockchain by sending #STARK proofs of state transitions for validation. This approach places significant constraints on central authorities, ensuring that no entity can tamper with transaction messages or manipulate user data or assets fraudulently. This initial step is critical for trust minimization, but more work is needed to achieve full decentralization, where the network can function independently of centralized parties. This article outlines a preliminary roadmap for the next phases of this journey.
How did Starknet come to this?
Approximately a year ago, team initiated a comprehensive decentralization research process, chronicling it through a series of blog posts that culminated in a concrete proposal. Primary goal is to transition Sequencer+Prover operations to a decentralized proof-of-stake protocol. This would allow open participation in sequencing, removing any single point of failure in the network. Two critical threads are now underway:
Implementation of various components required for running the decentralized protocol.A transition process to gradually decentralize Starknet operations to network stakers.
In this article, our focus will be on the latter.
The Transition Process
The transition process itself comprises four main threads:
Transitioning to a decentralized network architecture while Sequencer operation remains centralized.Ensuring the availability of a fully open-sourced software stack.Developing increasingly broad testing and integration networks.Fostering Staker onboarding in preparation for the final transition to Sequencer operation by proof-of-stake participants.
These threads represent sequential dependencies, but concurrent work is possible. Below, we delve into each thread:
1. Decentralized Network Architecture
The Starknet network is moving towards a more decentralized model. Currently, full nodes do not communicate with each other, relying on periodic queries to the Sequencer through a centralized feeder gateway. In a less centralized model, full nodes will be part of a peer-to-peer network, eliminating the need for direct connections to the Sequencer. This transition encompasses more than just network connectivity, including the introduction of block signing by the Sequencer and a more distributed approach to data propagation among nodes.
2. Working Towards a Fully Open-Sourced Software Stack
Making the software stack open-source is crucial to enable broader participation in protocol and network development. As more components are implemented, they will be released for public testing and scrutiny. Notable examples of open-sourced components include full nodes (Pathfinder, Juno, Deoxys), Provers (Stone, Sandstorm), Sequencers (Blockifier, Madara), and Block Explorers (Starkscan, Voyager, ViewBlock, Stark Compass).
3. Testing & Integration Networks
Broad testing and integration networks are essential for a smooth transition. Components will progress from internal testnets to permissioned testnets with external participants and eventually to public testnets, integration, and mainnet. Decisions regarding the sequential or concurrent introduction of new components will be made in due course.
4. Staker Onboarding
A significant amount of tokens must be staked in the L1 staking contract to secure the decentralized protocol with substantial economic weight. This precaution prevents a scenario where a small number of participants with minimal stakes attempt to take control of Starknet maliciously.
Conclusion
In summary, this article provides a high-level overview of the tentative roadmap for decentralizing Starknet. As with any complex engineering plan, it is subject to evolution and change as the community of builders and contributors gains better insights and understanding. Feedback, suggestions, and criticisms are encouraged and welcomed on the Starknet community forum.
Starknet is on a path toward a decentralized future, ensuring trust-minimization and security for all its users.
#crypto2023 #crypto2024 $BTC $ETH $SOL

The Starknet Foundation’s airdrop of 700 million STRK tokens is now in full effect, as the first round of “provisions” became claimable Tuesday at 7:00 am ET.
Since last week’s announcement, Starknet has been dealing with vociferous complaints about everything from eligibility to anti-Sybil measures to decisions about STRK’s underlying tokenomics.
A “DeFi Spring” initiative announced yesterday alongside new corrective actions seeks to address some critics’ concerns.
About 5 million tokens were claimed in the first five minutes, according to the Starknet Foundation, and STRK briefly traded over $3, about up 50% higher than the pre-launch futures market price, which put it at a fully diluted valuation (FDV) of about $30 billion. The price has since returned to $2.01 — which still gives it an FDV greater than that of Arbitrum.
More than 100,000 individual wallets had claimed tokens by 11:30 am ET, Starknet wrote on X.
Not all ecosystem participants are happy with the community allocation as it unfolded last week, with several groups arguing they were unfairly left out. Starknet Foundation board member and StarkWare co-founder Eli Ben-Sasson said his team is “aware of some minor things that might need to be fixed.”
“When you go and you try to distribute to 1.3 million addresses, it’s gonna be challenging and we are a very capable team technologically, and we have the best interests in getting it right,” Ben-Sasson told Blockworks. “Things that should be fixed and cannot be fixed ‘til Tuesday — we will do our best to try and fix them later on.”
The airdrop was novel in its efforts to reward Ethereum stakers. But a technical misstep appears to have earmarked STRK tokens for a subset of those stakers — Rocketpool minipool operators — to a smart contract address rather than the users’ own wallets.
Starknet is investigating, pledging to rectify inadvertent misallocations in future token releases.
“We’re aware of the feedback that some dedicated community members and network users feel they have been overlooked due to certain Provisions criteria, and we are actively working to address these concerns,” the Foundation said Tuesday in a statement sent to Blockworks.
One well-to-do solo staker running more than 1,000 validators was confused for a centralized exchange — one of several occurrences corrected by Starknet partner Rated.Network, which tracked staking activity for the Foundation.
GitHub and Starknet activity: Too much or too little?
Starknet took the unusual step of rewarding developers both in and out of the crypto industry based on their GitHub activity.
That prompted at least one developer to crow about a 1,800 STRK allocation based on fixing a single typo in a repository.
Others initially missed out due to having abandoned their GitHub username, but Starknet said they are reserving 1 million STRK for this group of 1,900 developers.
Another common criticism was the somewhat arbitrary requirement that Starknet accounts hold 0.005 ETH at the time of the November 2023 snapshot. Since most transactions cost only a small fraction of that — one of the selling points of Starknet is cheap transactions — many users who met activity requirements otherwise still received 0 STRK.
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While not addressing the specific cause Starknet did target Ekubo users among its “DeFi Spring” follow-up campaign.
Anti-Sybil efforts, a mixed bag
The term “Sybil attack” in the crypto-airdrop context originates from the 1973 book “Sybil,” by Flora Rheta Schreiber, which tells the story of a woman diagnosed with Multiple Personality Disorder.
It’s applied to a person who attempts to exploit an airdrop by creating multiple fake identities or wallets to gain a disproportionate advantage. The term pre-dates crypto, coined by Brian Zill while at Microsoft in 2002.
Complaints from users who failed to qualify could be viewed as a successful effort to screen for real activity. But clearly these measures are imperfect, as one prominent airdrop hunter bragged that 179 out of 213 of their wallets received between 650 and 850 STRK each.
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Token generation and vesting
The schedule for team and investor unlocks and vesting is among the more strident critiques of Starknet’s token strategy. It’s also one that may be harder to shake.
Most efforts to decentralize crypto networks via a utility or governance token involve a programmed vesting schedule designed to prevent insiders from quickly selling their token allocations.
In Starknet’s case, the STRK token was technically created in November 2022, but remained non-transferable until today. The team and investor allocations initially carried a 1-year cliff, but when the token distribution plan was not yet ready as November 2023 approached, the cliff was extended to April 15, 2024.
Read more: Starknet Foundation teases STRK token airdrop
The 4-year vesting schedule remained unaffected, however, meaning that a sizable portion of the total supply will be circulating in less than two months, Ben-Sasson said.
“After one year, it would have been one quarter, after one year and a few months — which is the current situation — closer to one third of the amount locked there,” he said.
Only the cliff was a configurable parameter in an otherwise non-upgradeable Ethereum smart contract, and the team chose April although a maximum of a year’s delay was possible.
That doesn’t sit well with some observers who consider it an unusual system that disproportionately benefits insiders.
Aleo co-founder Alex Pruden, who has been a vocal critic of Starknet’s tokenomics for years, once again pointed to this policy as a red flag following last week’s announcement.
He drew a stark contrast to the way the tokens for optimistic rollup development teams from OP Labs and Offchain Labs were vested.
“The team has to wait two years before it can see any of the value of this network that they’re building and therefore they’re aligned to keep building it, they’re aligned to move in the direction of decentralization,” Pruden said. “Whereas StarkWare, here, a very significant portion of the value is going to be unlocked for them.”
StarkWare responded that, “as with everything related to building technology and everything around it, lots of options were considered for every question that arose. Blockchain is an emerging space, and its ‘norms’ are constantly shifting.”
Many critics imply that the token unlocking schedule was somehow obfuscated, referring to the November 2022 token-generation-event (TGE) as “stealth.”
But StarkWare stressed that it has always been open about its plans.
“The most important thing is full transparency, which is what the readers and the public [have] received,” Ben-Sasson said, pointing out that even if the cliff were delayed to the maximum, the total amount of tokens on the market in November 2024 would be the same. “I think people will factor this in alongside all of the other innovative stuff that we’re doing.”
He rejected any notion that the token unlocks might call into question StarkWare’s focus.
“As far as the eye can see at least 150 employees of StarkWare will be doing one thing which is continuing to trailblaze in the space of validity rollups — which we pretty much invented, from the math through the technology to putting it first to use on Ethereum,” he said.
Moving beyond the airdrop
The STRK claims process itself appears to be going smoothly, and Ben-Sasson is eager to put this phase behind him.
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“We’re very happy that ‘provisions’ is happening, but God, I want [it] to be behind so we can go back to discussing only the technology and its social impact on economy and society,” he said. “When I come to work every day, the things that make me passionate are the math breakthroughs, the engineering breakthroughs, the development breakthroughs that are unfolding here, week by week.”
$STRK #STRK #STARK #Write2Earn #TrendingTopic