Starknet second layer proposal to use STRK tokens to pay transaction fees officially passed

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The adoption of this proposal makes the community look forward to when the project will issue tokens and airdrops to the community.

In a vote that ended on January 8, the Starknet community approved the proposal to use STRK as the transaction fee token for the Ethereum Layer 2 network, with an overwhelming consensus rate of 99.86%.

This means that in the upcoming Alpha v.13 upgrade, the Starknet network will use STRK in addition to ETH as the token to pay transaction fees. However, according to a senior programmer at Starknet, this layer 2 plans to only use STRK to pay fees in the future.

Additionally, Alpha v.13 will introduce several changes that will reduce transaction fees on Starknet by 25-50% and improve network performance.

The Alpha v.13 upgrade is expected to be deployed on January 10, but the use of STRK will be delayed until after the official token is released.

The consensus rate for the proposal was overwhelming. source: Proposal/Poll (starknet.io)

It is understood that StarkNet is a Layer 2 solution for Ethereum, taking the form of a ZK-Rollup solution. StarkNet allows any dApp to run, operate, and scale infinitely without compromising Ethereum’s composability and security, thanks to StarkNet’s reliance on the STARK system (a technology developed by StarkWare).

StarkNet contracts and the StarkNet operating system are written in the Cairo programming language – a programming language that supports the deployment and scaling of Dapps or smart contracts regardless of business logic.

Currently, the StarkNet ecosystem is in the development stage and has many products such as Cairo, SHARP, VeeDo, StarkEx, StarkNet, and StarkGate.

Last December 2023, the StarkNet Foundation, the organization behind Starknet, announced that it would distribute 1.8 billion STRK tokens to the community, most likely through an airdrop event. But until now, the project has remained quiet despite the Alpha v.13 upgrade taking place on January 10th.

VIC encryption compilation

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