Biggest Crypto Drop of 2024 Confirmed: StarkNet Will Be Distributed

Biggest Crypto Drop of 2024 Confirmed: StarkNet Will Be Distributed
Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The crypto airdrop community is abuzz with the latest announcement that could mark one of the most significant events of 2024 — the official launch of StarkNet’s native token. StarkNet, a state-of-the-art ZK-Rollup, is set to distribute its native token, but the size of the drop remains unclear after a considerable number of wallets were sybiled.

StarkNet operates on a cutting-edge technology that moves transaction computations off-chain while maintaining transaction data on the Ethereum main chain. This innovative approach ensures that scalability soars without compromising the robust security of the Ethereum main chain. 

By utilizing a specific proof known as STARK, StarkNet stands at the forefront of scalability and efficiency in blockchain technology.

At scale, it is one of the fastest in its class, boasting remarkable scalability that could be a game-changer for Ethereum’s network congestion issues. Unlike Optimistic Rollups, ZK-Rollups like StarkNet have no dispute period for transactions, thanks to their ability to be verified as valid with their proof system. This means users can expect no wait times when transferring from layer 2 (L2) to layer 1 (L1).

But what sets StarkNet apart is its compatibility with the Ethereum Virtual Machine (EVM). This compatibility is a significant milestone, making StarkNet an “all you can eat” buffet of options for Ethereum users and developers alike. Developers can harness StarkNet’s potential by using its own programming language, called Cairo, or through a Solidity-to-Cairo compiler, effectively bridging the gap between familiar and novel programming environments.

As for the token itself, StarkNet has excitedly announced the launch of its native token with the ticker $STRK, starting with a supply of 10 billion tokens.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *