Starknet Launches First Layer 2 Network Staking Framework

Starknet, an Ethereum-based scaling solution, has made history by launching the first layer 2 network staking framework on its mainnet. This milestone marks a significant step towards the network’s goal of becoming a fully decentralized proof-of-stake (PoS) system.

Phase 1 Rollout: A New Era for Validators and Delegators

Phase 1 of the STRK staking rollout introduces a staking framework that enables users to participate as validators or delegators. Validators must stake a minimum of 20,000 STRK, approximately $11,400 at the time of writing, to run full nodes and validate transactions. Delegators, on the other hand, can delegate tokens without technical requirements, making it easier for anyone to support the network.

Partnerships and Support

Starknet has partnered with various wallets, including Argent and Braavos, to support staking. Additionally, professional validators such as Luganodes, Validation Cloud, and Staking Rewards have joined the initiative, ensuring a robust and secure staking process.

Decentralized PoS Network: The Future of Starknet

Starknet’s staking model represents a crucial step towards its goal of becoming a fully decentralized PoS network. The phased rollout begins with permissionless staking and stake delegation, enabling validators to operate full nodes and prepare for future stages. The planned phases include validator attestation, block voting, and validation, ultimately leading to validators taking full responsibility for block production and network security.

Although a complete timeline for all phases has not been specified, the gradual implementation aims to test the system, gather community feedback, and ensure a smooth transition to a fully decentralized PoS network.

Starknet’s staking framework is a significant development in the world of cryptocurrencies and blockchain technology. As the network continues to evolve, it will be exciting to see how this innovation impacts the broader crypto community.

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Learn more about Starknet and its staking framework by visiting their official website.

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