Starknet Community Proposes Simplified Decentralized Protocol
September 4th, Starknet community member Ilia Volokh proposed the "Simple Decentralized Protocol Proposal". This proposal allows for the maximum simplification of the protocol under the assumption that more than 2/3 of the staking is honest. The simplified protocol will mainly consist of four key parts:
· Leader election based on proof of stake to determine the schedule of block proposers;
· Create a Tendermint-style consensus protocol for proposer networks to reach consensus on each block;
· Chain proof mechanism, where each proposer must prove the previous block to ensure decentralized proof;
· Timed L1 state updates to regularly migrate L2 states to L1 while merging chain proofs.
Argent and Starknet Launch Startup Incubator to Boost User Activity on Layer-2 Network
Argent, a Web3 wallet provider, and the Starknet Foundation are launching a startup incubator called Hito Studios to encourage more building on the layer-2 network Starknet. The platform will offer legal support and hiring services to new startups, and has already attracted teams such as Unframed and Ekubo. Argent co-founder Itamar Lesuisse said Hito has earmarked "several million" in funding for projects that leverage the "uniqueness" of Starknet's capabilities. The move is aimed at bringing more user activity to Starknet and fostering the participation of numerous teams in developing products that deliver meaningful value to users.
StarkWare: Stone Prover has been open sourced
StarkWare announced on the X platform that Stone Prover has been open sourced. Previously, developers will be able to independently review, optimize, and use Stone Prover code and build on it. StarkWare stated that open sourcing Prover is an important step towards decentralization of Starknet.
Data: Starknet Network TVL Rebounded to US$118 Million, an Increase of 19.49% on the 7th
According to L2BEAT data on August 30th, the TVL of Ethereum Layer2 scaling solution Starknet has risen to $118 million, a 7-day increase of 19.49%.
Starknet: The community will issue a commemorative NFT to celebrate the quantum leap of the Starknet mainnet Quantum Leap
On August 28th, Starknet announced on social media that the Starknet community will release commemorative NFTs to celebrate the Starknet mainnet Quantum Leap. It is understood that the commemorative NFTs will be released at 1:00 PM Beijing time on August 30th and will last for 24 hours.
Data: Starknet TVL Has Rebounded by Over 46% in the Past 7 Days, and Is Now $143 Million
On August 28th, according to L2BEAT data, the locked-in value (TVL) of Starknet has rebounded by 46.06% in the past 7 days, and the current TVL is $143 million. Previously, the Starknet TVL decreased by 51% from August 16th (highest point of $203 million) to August 22nd, and the TVL fell below $100 million at one point.
Braavos: Starknet is being upgraded, please use the old Starknet account user to upgrade
Braavos tweeted that Starknet is being upgraded and users should use their old Starknet accounts to upgrade. Approximately 2% of users will be affected.
Data: Starknet TVL Fell by Nearly 50% in Two Days
According to L2BEAT data, Starknet TVL has experienced a cliff-like drop of nearly 50% in the past two days, dropping from 204 million on the 16th to about 150 million, and then dropping to 106 million on the 17th.
Starknet Mainnet Will Be Upgraded to Version 0.12.1 Next Week
According to official sources, Starknet mainnet will upgrade to version 0.12.1 next week. This upgrade is the second phase of the Starknet mainnet's "quantum leap" and aims to improve transaction efficiency.
Starknet stated that currently, invalid transactions waste valuable sorter resources without paying fees.
The Total Lock-Up Volume of Starknet Reached 195 Million US Dollars, an Increase of 78.17% on the 7th
According to L2BEAT data, the total locked-in value (TVL) of Starknet has reached 195 million US dollars, with a 7-day increase of 78.17%.
Braavos Launches Multi-Owner Account Feature and Open Source
Braavos, the StarkNet ecological encryption wallet, announced the launch of the Multi-Owner Account function (Multi-Owner Account), which has been open-sourced, enabling: - team management on the chain; - MOA account as an independent account to pay gas fees by itself; - each owner can Use enhanced security options (2FA, 3FA...); - MOA can be integrated with any dApp; - Easily add/remove owners, adjust the minimum number of signatories required for transaction approval.
RabbitX Will Launch RBX Chain, a Derivative Application Chain Based on Starknet
RabbitX, a decentralized derivatives exchange built on Starknet, will launch the zero-knowledge layer transaction chain RBX Chain, which aims to solve the scalability problems faced by DEX and DeFi. RBX Chain will be built on the second layer of Starknet's ZK, and use ZK technology to achieve order liquidity, zero-fee transactions and fast speed. The chain also supports interoperability with other decentralized application operations and is conducted and governed by the $RBX token.
Starknet's Quantum Leap Upgrade Boosts Ethereum Mainnet TPS to 90
Starknet's highly anticipated Quantum Leap upgrade has been deployed on the Ethereum mainnet, resulting in a significant increase in network speed with up to 90 transactions per second (TPS). Uri Kolodny, the CEO of StarWare, stated that this is a significant moment for the Ethereum blockchain as the scaling ceiling has been "smashed."
Transaction Activity on zkSync Era Surpasses Polygon zkEVM.MATIC, but Network Growth Declines
June 25 (Cointime) - Transaction activity on zkSync Era has surpassed that of Polygon zkEVM, indicating higher adoption and usage for zkSync. However, network growth for MATIC has declined, suggesting challenges in sustaining interest.
Kakarot Launches zkEVM to Make Starknet EVM Compatible for Ethereum Scaling Solution
June 22 (Cointime) - Starknet, a scaling solution for Ethereum, is moving closer to being fully compatible with the Ethereum Virtual Machine (EVM) with the upcoming launch of Kakarot, a new zkEVM in August. Kakarot has received backing from Ethereum co-founder Vitalik Buterin, Ledger co-founder Nicholas Bacca, and Starkware.
Interest in Polygon's zkEVM, StarkNet, and zkSync Era Surges While MATIC Fluctuates: Concerns Raised Over Declining Network Growth and Trading Volume
June 20 (Cointime) - Interest in the zkEVM sector, including Polygon's zkEVM, StarkNet, and zkSync Era, has increased, with daily active addresses and Total Value Locked (TVL) on the rise. This growth can be partly attributed to the anticipation of token AirDrops, but activity on the Polygon zkEVM has not been driven solely by this.
Ethereum Layer 2 Scaling Solution Starknet Has Integrated the Prediction Platform of Crypto Startup Hypernative
The integration could enable projects building on Starknet to detect zero-day cyber-attacks, hacks, and vulnerabilities before they first impact, and proactively detect other significant real-time risks across categories such as financial, governance, technology, and community. Supporting Starknet will enable zero-time onboarding and a more secure Web3 environment for any project, institution, platform or brand that chooses to partner with Hypernative, by providing out-of-the-box always-on monitoring, vulnerability detection and automated incident response. Additionally, this support opens the way for future integration of wallet, data and payment providers to leverage Hypernative chain-wide data to detect malicious behavior and leverage it to build better and more secure products.
Decentralized Layer-2 Network Starknet Ready to Release Latest Version v0.12.0
As shown in the Starknet documentation, the upcoming Starknet v0.12.0 version will focus on improving network throughput to improve scalability and transaction latency. To achieve this, a new Rust implementation will be introduced for the Sequencer. The Sequencer contains more efficient local storage and critical path logic, which aims to significantly reduce the waiting time for transaction confirmation and solve network congestion issues.
Polygon's zkEVM Activity Lower Than Competitors, MATIC Market Cap and Usage Remain Uncoupled
Polygon's zkEVM activity has been trailing behind other protocols like StarkNet and zkSync Era, which could have an impact on the protocol's future growth. However, despite this, Polygon's usage and MATIC market cap have not been affected. Messari's data shows that the relationship between Polygon's cumulative market capitalization and user base can be categorized into three distinct phases: Growth, Deviation, and Maturation. Recently, MATIC's price has experienced a significant drop, with its RSI indicating that momentum is currently with MATIC sellers.
Starknet's TVL Hits All-Time High as DeFi Apps Embrace Scalability and Privacy Framework
Starknet, an open-source framework that aims to provide scalability and privacy to decentralized applications (dApps) built on Ethereum, has experienced significant growth in various DeFi apps on the network over the past few months. Its total value locked (TVL) has recently reached a new all-time high of $10.49 million, a ten-fold increase from $1.449 million at the beginning of March.
