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%.
