What is Starknet?
Starknet is a layer-2 network built on top of Ethereum that utilizes STARK technology to validate off-chain transactions, improving scalability and reducing costs compared to the Ethereum mainnet. It operates as a Validity-Rollup (zk-rollup) network, enabling dApps to scale without compromising security by bundling transactions into off-chain computed STARK proofs submitted to Ethereum as a single transaction. The native token of Starknet is STRK, used for fees, governance, and staking within the network.
Starknet goals
The purpose of Starknet is to address Ethereum's scalability limitations and high transaction costs. Starknet aims to provide a scalable and secure solution for decentralized applications (dApps) by enabling them to process transactions off-chain and settle on the Ethereum mainnet. This technology has the potential to improve the user experience, increase adoption, and enable new use cases for Ethereum-based applications.
Starknet fondamentals
The total supply of STRK tokens is 10000000000 STRK. The market capitalization of Starknet is $1681831902. The current price of STRK is $0.4569. The token distribution plan includes allocations to the development team, early contributors, investors, and grants to develop the protocol.
Marketcap
$1.682B
Total number of Starknet
10000000000 STRK
Starknet technology
Starknet's technology is based on STARK (Scalable, Transparent ARgument of Knowledge) proofs, which enable the validation of off-chain transactions and provide a secure and scalable solution for decentralized applications. The network operates as a Validity-Rollup (zk-rollup) and utilizes a sequencer and prover to process and validate transactions, which are then settled on the Ethereum mainnet.
Starknet competitors
Starknet differentiates itself from competitors through its use of STARK technology, which provides a more scalable and secure solution for decentralized applications. Its competitive advantages include its ability to process transactions off-chain, reducing costs and increasing throughput, while maintaining the security and decentralization of the Ethereum mainnet. Starknet's technology and approach set it apart from other layer-2 scaling solutions and make it an attractive option for developers and users.
Starknet price history
Frequently asked questions
Starknet is a layer-2 network built on top of Ethereum that utilizes STARK technology to validate off-chain transactions.
Starknet aims to address Ethereum's scalability limitations and high transaction costs.
The native token of Starknet is STRK, used for fees, governance, and staking within the network.
Starknet's technology is based on STARK (Scalable, Transparent ARgument of Knowledge) proofs, which enable the validation of off-chain transactions and provide a secure and scalable solution for decentralized applications.
Starknet's technology has the potential to improve the user experience, increase adoption, and enable new use cases for Ethereum-based applications.
Starknet differentiates itself from competitors through its use of STARK technology, which provides a more scalable and secure solution for decentralized applications.
The token distribution plan includes allocations to the development team, early contributors, investors, and grants to develop the protocol.
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