About Starknet
Starknet is an Ethereum Layer 2 network that works as a validity rollup, using STARK proofs to verify state updates and scale Ethereum transactions at lower cost. It was developed by StarkWare, a company founded in 2018 by Eli Ben-Sasson, Uri Kolodny, Michael Riabzev, and Alessandro Chiesa. The Starknet mainnet launched in 2021. Its native token, STRK, was created in May 2022 and minted on-chain on 30 November 2022. The core design relies on STARK-based validity proving: cryptographic proofs confirm the integrity of state transitions without requiring every Ethereum node to re-execute each transaction. STRK is used to pay transaction fees, participate in staking, and vote on governance proposals. The total supply is capped at 10 billion tokens, the amount established at genesis, with no mechanism to mint additional tokens beyond that limit.
Starknet private transactions nearly double to 4,600 in October
Starknet's rising private transactions highlight growing interest in privacy-focused DeFi, potentially influencing future regulatory frameworks.
Starknet challenge drives quantum-safe signature checks down to about $0.023
The reduced cost of quantum-safe verifications on Starknet could accelerate the adoption of post-quantum cryptography in blockchain systems.
Open math challenge seeks tighter bounds to shrink STARK proofs
Shrinking STARK proofs could enhance blockchain efficiency, reduce costs, and test AI's role in advancing cryptographic research.
Extended completes migration to Circle’s Arc with USDC and cirBTC collateral
The migration to Arc could enhance liquidity and efficiency in the decentralized exchange market, potentially boosting USDC and cirBTC adoption.
Starknet votes to explore quantum-resistant layer 1 blockchain
Starknet's exploration of quantum-resistant blockchain could set a precedent for future-proofing digital security against emerging quantum threats.
Extended moves settlement from Starknet to Circle’s Arc on October 22
The migration to Arc could enhance institutional ties and operational efficiency but raises concerns about ecosystem concentration around Circle.
A sourced map of Starknet's relationships is on the way.
Partners, competitors and related assets, each link independently verified and source-linked before it appears here.
The Crypto Briefing podcast is on the way.
Conversations on Starknet and the wider market, hosted by our team, will appear here once episodes are live.