During EthCC, StarkWare's CEO Eli Ben-Sasson revealed plans to implement staking for Starknet by the end of 2024 through a Starknet improvement proposal (SNIP). Pending community approval, Starknet staking will first launch on testnet and then on mainnet. The SNIP will enable users to stake tokens or delegate to existing stakers for rewards based on the minting curve proposal. This mechanism aims to balance participation and inflation control. Stakers will progress through stages involving node running, validation activities, and real-time attestations to secure the network. Starknet Foundation's Catalyst program will distribute 20 million STRK tokens to advanced projects. This initiative supports the development of Starknet's Ethereum layer-2 solution. The introduction of staking and governance mechanisms signifies StarkWare's commitment to enhancing network participation and scalability in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news