Follow Us @
Starknet launches staking on November 26, increasing user participation in the Ethereum network
-Trending Marketing news, content marketing, latest Ways to rank your website, marketing discoveries, Local SEO, seo and social media marketing services. enjoy your stay on our website.
The Starknet project, one of the leading layer 2 solutions for Ethereum, has announced the launch of its long-awaited staking feature for November 26th.
With this new feature, Starknet, developed by StarkWare, promises to further strengthen its ecosystem, enabling both validators and delegators to contribute to the security and efficiency of the network.
The inclusion of staking on Starknet marks an important step forward for the project and signals its commitment to making the network more robust and decentralized.
In July, StarkWare had announced plans to implement staking on its platform, but the launch date was still uncertain. Now, with the official announcement, expectations are growing among STRK token holders, who are eagerly awaiting to actively participate in the network.
Starknet
Staking provides an opportunity for users to contribute to the functioning of Starknet, while receiving rewards for their participation.
To act as a validator on Starknet, the interested party needs to hold a minimum of 20,000 STRK tokens, valued at around $9,610, according to current quotes. Delegators, in turn, can delegate their tokens to a validator of their choice, strengthening the network without the need to directly operate a node.
This staking system allows for broader participation, benefiting both validators and delegators, who share the rewards generated.
Starknet staking participants will be required to observe a 21-day lock-in period, as announced by the StarkWare team on their social media.
This period means that, when delegating or withdrawing tokens from staking, the user will need to wait 21 days before releasing or modifying their position. This lock-in model helps maintain network stability by encouraging longer-term commitment from validators and delegators.
In addition to development focused on layer 2 of Ethereum, StarkWare recently expanded its operations to the Bitcoin ecosystem. In a collaboration with leading Bitcoin network developers, StarkWare explored new features that could make Bitcoin more programmable and accessible for smart contracts.
Starknet launches staking on November 26, increasing user participation in the Ethereum network
Follow TODAYSGIST on Google News and receive alerts for the main trending SEO news, Ai news, latest Ways to rank your website, marketing discoveries, Local SEO and lots more!
Starknet launches staking on November 26, increasing user participation in the Ethereum network
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Starknet launches staking on November 26, increasing user participation in the Ethereum network
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
Starknet launches staking on November 26, increasing user participation in the Ethereum network
