Starknet is a permissionless, decentralized Layer 2 validity rollup built on top of Ethereum. It uses STARK-based cryptographic proof systems to bundle and verify large volumes of transactions off the main chain, enabling Ethereum to scale without sacrificing its foundational properties of decentralization, transparency, and security. By processing transactions off-chain and submitting compact validity proofs to Ethereum, Starknet offers significantly higher throughput and lower fees while inheriting the settlement assurances of the underlying network. The STRK token is the native asset of the Starknet ecosystem and serves several core functions. It is used to pay transaction fees on the network, participate in the consensus mechanism that maintains and secures the protocol, and take part in governance, allowing holders to vote on proposals and shape the platform's strategic direction. As a ZK rollup, Starknet sits at the intersection of Ethereum scaling infrastructure and zero-knowledge cryptography, positioning it as a foundational smart contract platform within the broader modular blockchain landscape.
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StarkNet is a permissionless decentralized Layer 2 (L2) validity rollup, built to allow Ethereum to scale via cryptographic protocols called STARKs, without compromising Ethereum’s core principles of decentralization, transparency, inclusivity and security.
Starknet (STRK) is categorised as: Infrastructure, Smart Contract Platform, Solana Ecosystem.
The official Starknet site is https://starknet.io/.
Most recent Starknet coverage: "Whale 0x84b3 Goes Long on $NEAR, $STRK, $XMR, $TON Basket" — read at /en-US/a/whale-0x84b3-opens-167m-in-long-positions-across-near-strk.
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