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Information about Starknet (STRK)
StarkNet, developed by StarkWare, represents a state-of-the-art Layer 2 scaling solution designed to enhance the scalability and privacy of blockchain networks, with a particular focus on Ethereum. By taking advantage of Zero-Knowledge Rollups (ZK-Rollups), StarkNet enables the processing of thousands of transactions off-chain before bundling them into a single transaction on the Ethereum mainnet.
One of StarkNet’s core technologies is STARK (Scalable Transparent Argument of Knowledge), a type of cryptographic proof that allows for the verification of transactions without revealing any underlying transaction data. This aims to ensure a high degree of privacy and security for users.
STRK is a native coin of the Starknet ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:
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