Starknet's first mainnet vote was completed quickly, with 98.94% of the votes in favor.

Staking will start in Q4, and the staking contract audit challenge has now been launched.

Let's review the content of this vote 👇👇👇

Starknet introduces a staking mechanism
STRK holders will vote on the following:

1. Minting mechanism, see the minting mechanism section for details.

2. The agreement to modify the parameters of the minting mechanism, see the minting curve adjustment section for details.

Minting mechanism:

starknet proposes to implement a new STRK token minting curve mechanism. This minting curve is based on Professor Noam Nisan's Proposal 2, with slight parameter adjustments. The minting curve is defined by the following formula:

M = C/10 * S

Where:

* S is the staking rate, expressed as a percentage of the total token supply.

* M is the annual minting rate, also expressed as a percentage of the total token supply.

* C is the theoretical maximum inflation rate, expressed as an annual percentage.

The initial C value is recommended to be set to 1.6.

Implementing a minting curve mechanism allows for dynamic adjustment of token supply based on the staking participation rate. This approach aims to balance staking incentives while effectively managing inflation.

Minting curve adjustment:

The Starknet Foundation or a currency committee created by it will have the power to adjust the minting curve constant C in the range of 1.0 to 4.0, subject to the following conditions:

* Reduce C: This adjustment is made when the number of staked STRK is too large.

* Increase C: This adjustment is made when the number of staked STRK is insufficient.

To ensure transparency and community trust, any change to the minting curve constant C must be accompanied by the following:

* An announcement announcing the reason for the change.

* The announcement must be published on the community forum at least two weeks before the change.

The passage of the proposal will lay the foundation for Starknet to connect to IBC. And it can lock more liquidity.

$strk
#strk币
#strk

Starknet introduces staking mechanism
STRK holders will vote on the following:

1. Minting mechanism, see the Minting Mechanism section for details.

2. Protocol to modify the parameters of the minting mechanism, see the Minting Curve Adjustment section for details.

Minting Mechanism:

starknet proposes to implement a new STRK token minting curve mechanism. This minting curve is based on Professor Noam Nisan's Proposal 2 with slight parameter adjustments. The minting curve is defined by the following formula:

M = C/10 * S

Where:

* S is the staking rate, expressed as a percentage of the total token supply.

* M is the annual minting rate, also expressed as a percentage of the total token supply.

* C is the theoretical maximum inflation rate, expressed as an annual percentage.

The initial C value is recommended to be set to 1.6.

The implementation of the minting curve mechanism allows the token supply to be dynamically adjusted based on the staking participation rate. This approach aims to balance staking incentives while effectively managing inflation.

Minting curve adjustment:

The Starknet Foundation or the Currency Committee created by it will have the right to adjust the minting curve constant C in the range of 1.0 to 4.0, subject to the following conditions:

* Reduce C: This adjustment is made when the number of staked STRK is too large.

* Increase C: This adjustment is made when the number of staked STRK is insufficient.

To ensure transparency and community trust, any change to the minting curve constant C must be accompanied by the following:

* An announcement announcing the reason for the change.

* The announcement must be published on the community forum at least two weeks before the change.

The passage of the proposal will lay the foundation for Starknet to connect to IBC.

Build an inflation model and lock more liquidity
#strk

Players’ investments in virtual items in traditional games cannot be truly owned or transferred, which leads to player frustration. According to the survey, U.S. players spend about $6,425 on virtual items, and 51% of them are dissatisfied with not being able to give or resell these items. Blockchain games solve this problem by storing data on a decentralized ledger, ensuring that players have true ownership of their in-game assets.

Advantages of blockchain games include:

- Interoperability: In-game items can be transferred and used across different games and platforms.

- Monetization: Players can trade assets and receive real-world value.

- Enhanced security: The encryption and decentralized structure of blockchain reduces the risk of hacking and fraud.

- Decentralized governance: Players can participate in game updates and rule-making through decentralized autonomous organizations (DAOs).

However, despite these advantages, blockchain games are still not widely accepted. The survey showed that 52% of players have never heard of blockchain games, and 32% know about them but have not tried them. This is partly because some early blockchain games overemphasized revenue and ignored gameplay. Additionally, the poor user experience of blockchain games compared to Web2 games is also a hurdle.

Starknet solves these problems with its native account abstraction technology, making the user experience of blockchain games closer to traditional games. It allows players to sign a wallet at the beginning and then play without interruption for a period of time. In addition, Starknet reduces transaction fees, making blockchain games more economically viable.

Unstoppable Games is bridging the gap between Web2 and blockchain games with its newly launched blockchain game "Influence", which chose Starknet as its network platform to ensure a smooth, scalable gaming experience.
$strk #strk

Quai Network has closed a $5 million strategic funding round with participation from Cogitent Ventures, MH Ventures, TPC Ventures, Giga Chad Ventures, and DexCheck Ventures.

The company’s total funding has reached $15 million following previous rounds, with $10 million coming from Polychain Capital, Alumni Ventures, and others.

The new funds will be used to expand the project’s engineering and developer relations teams, support R&D efforts, and invest in community engagement initiatives.

Quai will also launch its mainnet-compatible development network — which precedes the protocol’s fourth testnet and features work-sharing, UTXO transactions, and dynamic sharding. Quai will launch the first decentralized energy dollar on “the only scalable and programmable proof-of-work blockchain.” The project uses a dual token system.

Sayantan Mitra, General Partner at Cogitent Ventures, said: "Quai Network's unique layered structure transforms scalability and security without having to prioritize one over the other. Enabling seamless, trustless interactions across multiple chains and supporting fast, low-cost transactions, Quai solves the pain points of multi-chain systems and lays the foundation for high-throughput global execution."

Quai recently joined the UTXO Alliance. It has also partnered with PortalToBitcoin, Stork Network and

Congratulations to @QuaiNetwork for raising $5 million in strategic funding, backed by top VCs @CogitentV, @MH_Ventures, TPC and Giga Chad Ventures, bringing our total funding to $15 million with previous support from @polychaincap and @alumniventures!

Quai Network is about to reignite the crypto revolution with the world's first decentralized energy dollar.

Devnet compatible with mainnet coming soon!
Gold testnet coming soon
Mainnet expected by the end of the year
Get your graphics card ready for mining

#挖矿算力 #pow

Variational is a protocol for p2p derivatives trading (options, perps, etc.). The first application on Variational is called Omni, which is a perps trading platform. Omni is currently in testnet - the invitation-only mainnet will be launched in Q3, followed by the public mainnet in Q4. Omni's goal is to list perps for everything - RWA, points, game items, memes, exotic items, etc.

1. Var (@variational_io) completed a large financing (CB & hack, etc.). Because the financing is not announced, it is not included.

2. 50% of the tokens are allocated to the community, and the community token distribution is as follows:

1⃣
Testnet Reward Program: Early users who register, use the testnet, and provide actionable suggestions will receive rewards. The program is designed to collect high-quality feedback before the mainnet is launched.

2⃣
Trading Reward Program: Tokens will be distributed proportionally to users who actively contribute to the mainnet transaction volume.

3⃣
Maker Rewards Program: Liquidity providers who promise to respond to RFQs on the platform will receive tokens.
Testnet is a clear opportunity (free opportunity)

3. Roadmap:
Currently in the Omni test + mainnet supplementary stage (https://variational.io) will soon launch the closed mainnet, Q4 launch the public mainnet and $VAR token release

4. A trading competition is now being held with a prize of $2,000. The competition is already halfway through, so it may not be the focus of sharing.

Quai Network Releases Mainnet Development Network and Related Tools Compatible with Golden Age Testnet Updated Mainnet Compatible Development Network
Quai Network has released a mainnet development network compatible with Golden Age Testnet for developers to build and test before the official release. The network runs in a 1X2 configuration and is not open to external nodes.
Quaiscan Updates
Quaiscan has undergone a major update, including indexing, UI and feature upgrades, supporting Golden Age Devnet features, Qi Ledger, smart contract verification, and additional statistics and APIs.
Pelagus Extension
Pelagus extension released on the Chrome store with a brand new UI update and full support for Golden Age. New seed phrases and addresses need to be created, not backwards compatible.
Quais SDK
Quais SDK has been completely refactored and re-released, now supports Golden Age Quai and Qi Ledgers, and includes a large number of improvements, see the new SDK documentation for details.
Test Faucet
Test Faucet redesigned and released, supports Golden Age Quai Token Drips, adds Premium X verification requirements for enhanced Sybil resistance.
LAN Runner
Released Dockerized LAN runners, including Go-Quai and Quai-Cpu-Miner, to support local development and provide faster block times and throughput.
Other developer updates
Includes a new documentation website, API Playground, a pre-release of the Golden Age compatible node setup guide, and updates to the Hardhat-Example repository.

Starknet is not only ETH L2, but also BTC L2 after OP_CAT is passed, thanks to the power of STARKS. At the same time, we are also exploring and integrating the Tendermint consensus algorithm and IBC protocol on Starknet (connecting to the cosmos system?). The parallel function (similar parallel chains include APT, Monad...) will be officially launched on the mainnet on August 26. At the same time, the number of developers is also increasing rapidly. Construction in the bear market, shining in the bull market

$strk #strk

Why will $STRK rank among the top ten on the CMC rankings?

📌
High-quality and stable dApps

📌
Native AA accounts, ultra-low fees

📌
Various activities launched by the Starknet Foundation to benefit users

📌
STRK staking plan

📌
Technology leadership

📌
Starware's strong capabilities and resources

📌
Paymaster will be introduced at the protocol level in the fourth quarter (currently deployed in AVNU)

📌
After OP_CAT is passed, STARKS will explore BTC L2

$strk
#strk

Interview with Elias Tazartes, Co-founder and Co-CEO/CTO of Kakarot Summary

Kakarot is an EVM (Ethereum Virtual Machine) project implemented on Starknet that aims to promote adoption of the network by allowing developers to use the Solidity programming language on Starknet. Kakarot's main goals are:
Expand the Starknet ecosystem: Attract more users and developers by allowing EVM users, wallet owners, and decentralized applications (dApps) to interact with Starknet natively.
Provide choice: Developers can choose to build applications using Solidity (for network effects) or Cairo (for higher performance).
Increase liquidity: Increase on-chain liquidity by supporting more EVM bridges and infrastructure deployments to Starknet.
Dual VM support: Kakarot makes Starknet the first dual VM ZK-rollup supporting both EVM and Cairo VM.
Kakarot's value proposition:
For Starknet developers: Provides the choice to use EVM programming languages ​​and tools, expanding their options. For users: Provides faster and cheaper transactions, and better interoperability with the broader Ethereum ecosystem.
Future plans:
Planned to be launched on the Starknet mainnet at the end of 2024. Continue to work with major infrastructure players to create the highest performance zkEVM application chain stack. Prepare for future development: Use Kakarot as a proof backend to be able to prove arbitrary EVM execution.
Long-term vision:
Promote the growth of the Starknet ecosystem through EVM compatibility, especially in the EVM DeFi field. Provide proof capabilities for various EVM chains (such as Ethereum L1, OP-stack chain, Orbit chain, etc.), and promote the migration of all rollups to ZK proofs.
Elias emphasized that Kakarot is working to improve developer and user experience, including solving the problem of Cairo and EVM integration, and how to avoid liquidity fragmentation between Cairo protocol and EVM protocol in the Starknet ecosystem. They are also exploring how to most effectively use Cairo as a provable infrastructure programming language.
Overall, the Kakarot project aims to promote the development and adoption of the Starknet ecosystem by providing EVM compatibility, while maintaining Starknet's high performance and scalability, and providing more choices and opportunities for developers and users.

Quai Network’s core technology is hierarchical merged mining. This technology aims to scale blockchains without sacrificing decentralization and security. Let me give you a brief introduction:

Hierarchical merged mining:

Quai Network introduces hierarchical merged mining, which uses a layered chain structure.

The top layer is the “Prime” chain, which offers the highest mining rewards, but has a higher difficulty and slower block times1.

Key Features:

Scalability: Quai Network achieves unlimited scalability through PoW 2.0 while maintaining security and decentralization.

User Experience: Native account abstraction allows developers to customize smart accounts beyond protocol limitations, enhancing flexibility and user experience.

Developer Community: Quai Network has attracted a rapidly growing developer community for its innovative approach to Ethereum scaling and complex dApps1.

In short, Quai Network builds a bridge between scalability and broad consensus, making Ethereum transactions faster, cheaper, and more secure. Its mission is to empower individuals to freely realize and utilize the desired social functions while maintaining strong integrity
#挖矿 #GPU挖矿

Current blockchains only support a single execution, limiting developers to the properties of a single VM. The solution: hybrid execution. Fluent’s approach: Wasm + EVM + SVM applications. Fluent is the first hybrid execution network - an L2 that fuses Wasm, EVM, and SVM applications into a unified environment. Now contracts deployed in Solidity, Typescript, and Rust (Wasm and Solana Rust) can be combined without hindrance. No need to bridge between networks or switch wallets. Fluent L2 fuses Wasm, EVM, and SVM, but hybrid execution knows no boundaries. Hybrid Applications on Fluent

Quai @QuaiNetwork $qi Gold Testnet will be a replica of the mainnet, which is expected to be launched this summer.

🏔️
Stone Age Testnet (ends December 2021)

⚖️
Bronze Age Testnet (ends March 2022)

⚙️
Iron Age Testnet (ends March 2024)

🏅
Golden Age Testnet (coming soon!)

💎
Silicon Age Testnet (coming soon!)
#quai#mining #GPU

3 billion Quai pre-allocated:
1. Community incentives
2. Strategic partners
3. Foundation
4. Team
5. Testnet incentives
6. Exchange liquidity
7. Earning plan

@QuainetWork
Quai's Golden Age Testnet will introduce proof-of-work shares to ensure that smaller miners can still receive a regular flow of tokens.
Golden Age Testnet miners will not only receive rewards when they mine blocks, but will also receive rewards proportional to their hashrate on an ongoing basis.
Get your GPU ready💦
Mining is about to start

#挖矿 #GPU

@QuaiNetwork
Proof of Entropy Minimum (PoEM)
Proof of Entropy Minimum is heavily based on the Proof of Work Nakamoto consensus. It is highly recommended to have a solid understanding of Proof of Work consensus before reading the PoEM documentation. A detailed explanation of Nakamoto consensus can be found here. The formal Proof of Entropy Minimum research paper can be found here.
Blockchain nodes work together to agree on a list of transactions and the order in which they are recorded. How these nodes reach agreement (called the consensus mechanism) is critical to ensuring the reliability and censorship resistance of the blockchain.
Quai Network uses a consensus mechanism called Proof of Entropy Minimum (PoEM). PoEM is inspired by Bitcoin's consensus mechanism, called the Proof of Work (PoW) Nakamoto consensus. PoEM, like PoW, uses hashes generated by competing miners to verify the validity of proposed blocks. However, PoEM differs from PoW in how these hashes are compared and measured.
Unlike PoW, which considers all blocks that meet a certain difficulty level to be equally valid, PoEM measures the intrinsic block weight to calculate the entropy or randomness removed by each proposed block. This ensures that all nodes always prefer a particular block over any other option.
Under PoEM, all nodes agree on the next block as soon as they become aware of it, eliminating any disagreements caused by network latency. Two nodes running PoEM will always agree on the next block in the chain.
By eliminating contention in consensus, PoEM allows all nodes to remain in constant agreement. This is unlike all other consensus algorithms, which take time to reach consensus or resolve conflicts.
PoEM’s “perpetual consensus” offers several advantages over existing consensus mechanisms such as Proof of Work and Proof of Stake, including instant fork resolution and faster finalization. These properties give PoEM the unique ability to maintain consensus while coordinating an unlimited number of execution shards.
Instantaneous Fork Decisions: Given the same set of information, every node in the system will always make the same decision about the next block in the sequence.
Faster Finality: Proof of Entropy Minimization provides faster mathematical guarantees of on-chain inclusion than all existing consensus mechanisms.
Coordinating an unlimited number of execution shards: Permanent consensus is a prerequisite for coordinating an unlimited number of execution shards. Mechanisms that require any amount of time to resolve contention in a consensus manner are ineffective for coordinating multiple chains.

Quai Network is the cryptocurrency for the global and computational economy.
Quai is the only fully scalable and programmable proof-of-work layer 1. By implementing a variety of new proof-of-work primitives, including the creation of a class of native “stablecoins” tied to energy costs, Quai brings reliable, real-world on-chain value as financial infrastructure for a computationally centered economy.
Transaction mining creates a profitable outlet for idle computation Energy-based “stablecoins” as decentralized currencies for the computational economy Unlimited scalability to accommodate an unlimited growing user base of human and AI agents

Rather than using priority fees to order transactions, which inevitably incentivizes MEV, Quai Network uses proof-of-work to order transactions within each block. With this new ordering mechanism, users are able to mine transactions with enough work to make their transactions functionally MEV-incapable. This functionality allows users to completely avoid front-running and sandwich attacks when participating in DeFi on Quai.
This new utilization of proof-of-work not only provides an additional revenue stream for miners to mine transactions alongside blocks, but it also creates a new demand for idle computation. This new demand can leverage the vast amounts of idle computing power in distributed computing centers like the Render Network and io.net, which are currently bottlenecked by demand rather than supply.

In Quai, proof of work is used not only to protect the network from attackers, but also to act as an oracle of real-world demand and energy costs, allowing for the creation of a fully decentralized "stablecoin" tied to energy. The token is not pegged or backed by any asset, but instead specifically uses market incentives to continually drive the token price toward energy costs.
Energy is the single largest input to human activity and artificial intelligence. The intrinsic value of energy to both people and machines makes it an ideal foundation for building a new currency.
Quai Network joins protocols like Hacash and Themelio as leaders in the emerging category of decentralized proof-of-work "stablecoins".

By using a new proof-of-work fork choice rule called Proof-of-Entropy-Minima (PoEM), Quai Network is able to maintain consensus while coordinating an infinitely growing number of execution shards.This property allows Quai Network to add shards to the network as needed to meet growing demand. The only cost of adding shards to Quai (and thus increasing throughput) is increased cross-shard settlement times.
Trustless bridging between all shards in the network is achieved by using miners to create objective links between shards.
Quai Network’s native predefined extensions create a mechanism to ease congestion as demand increases, keeping fees permanently low even as usage grows.

Currently, Quai Network is in the testnet and development phase. Quai Network’s roadmap includes the two remaining testnets before mainnet launch:
Golden Age TestnetSilicon Age Testnet
For each testnet, our team at Dominant Strategies hopes to run both the testnet and the development net, in addition to providing tools such as block explorers, network statistics pages, and faucets.

#MyFirstSquarePost Welcome to Binance Square! #新币挖矿