Ethereum Layer 2 Network Starknet Approves Alpha Version 13.0 Update
The community of the Ethereum Layer 2 network, Starknet, has voted to proceed with implementing the Alpha version 13.0 update on its mainnet. Over 99.8% of participating delegates approved the proposal, showing overwhelming support.
Transaction Fee Payments Using STRK and Ether
The v.13 update will introduce transaction fee payments using both STRK and ether. While the network plans to transition exclusively to using STRK for transaction fees in the future, this activation will be delayed until the token becomes transferable at a later date.
Reduced Transaction Costs and Improved Network Performance
The v.13 upgrade is expected to significantly reduce transaction costs and enhance network performance. The team projects a potential reduction in transaction fees by 25-50%.
Starknet’s Zero-Knowledge Roll-Up Solution
Starknet operates as a decentralized Layer 2 network on Ethereum, utilizing a zero-knowledge roll-up solution. This solution condenses multiple transactions on an off-chain layer before collectively publishing them on the Ethereum network.
Rewards and Rebates Distribution
The Starknet Foundation plans to distribute 1.8 billion tokens as user rewards and rebates later this year, which may include a community airdrop.
Hot Take: Starknet Gains Community Approval for v.13 Update, Introducing STRK and Ether Payments
The Ethereum Layer 2 network Starknet has received overwhelming support from its community for the implementation of the Alpha version 13.0 update on its mainnet. This update will introduce transaction fee payments using both STRK and ether, with the eventual goal of exclusively using STRK. The v.13 upgrade is expected to bring reduced transaction costs, improved network performance, and potentially decrease transaction fees by 25-50%. Starknet operates as a decentralized Layer 2 network on Ethereum, utilizing a zero-knowledge roll-up solution. Additionally, the Starknet Foundation plans to distribute 1.8 billion tokens as user rewards and rebates, including the possibility of a community airdrop.
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