About StarkNet (STRK)
Starknet is a layer 2 scaling solution for Ethereum, that leverages zero-knowledge proofs to offer both high transaction throughput and reduced fees. Functioning as a permissionless, decentralized Validity-Rollup, often referred to as a "ZK-Rollup," StarkNet serves as an L2 network atop Ethereum. This setup allows decentralized applications (dApps) to scale their computations while maintaining Ethereum's composability and security. StarkNet's efficiency and safety are underpinned by its use of the STARK cryptographic proof system, renowned for its scalability and robustness.
STRK, the native digital currency of Starknet L2, serves multiple critical functions within the network. It is primarily designed as a governance token, allowing holders to vote on or delegate decision-making for protocol improvements and changes. Additionally, STRK is used for staking, essential for key network operations like sequencing and ensuring data availability. While transaction fees on StarkNet currently require ETH, there are plans to introduce a system where these fees can be paid using STRK tokens in the future.
The live price of STRK is available and updated in real time on Binance.
