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 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.
Starknet Foundation launches Bramble, a self-custody wallet built around privacy
Bramble's launch could enhance user autonomy and privacy in crypto transactions, potentially influencing broader adoption of self-custody solutions.
Starknet’s STRK falls 38% in a week as Layer 1 rally reverses
The STRK token's volatility highlights the challenges of sustaining DeFi momentum amid strategic shifts and market dynamics, impacting investor sentiment.
Starknet brings programmable privacy to Zcash-style assets
Starknet's privacy features could attract institutional interest by enabling compliant private transactions, enhancing DeFi's confidentiality.
Starknet integrates with ShapeShift, cutting the bridge step from swaps
The integration enhances Starknet's accessibility and could boost transaction volumes, fostering broader adoption and interoperability in DeFi.
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.