Starknet Staking To Launch On Mainnet By Q4 2024

Starknet Staking To Launch On Mainnet By Q4 2024

Published Wednesday 10th July 2024

StarkWare, a leading blockchain technology company, made a significant announcement at the Ethereum Community Conference (EthCC) regarding the future of their Layer 2 scaling solution, Starknet. The CEO of StarkWare revealed plans to introduce staking on the Starknet platform soon on the testnet. This move is aimed at enhancing network resilience and decentralization. With the introduction of staking, users will be able to participate in securing the network and earn rewards for their contributions. This development is a crucial step towards further decentralizing the Starknet ecosystem.

Furthermore, StarkWare's CEO outlined a timeline for the launch of staking on the mainnet, with the target date set for the fourth quarter of 2024. This milestone is expected to bring about increased participation in the network, as users are incentivized to stake their tokens to support the Starknet infrastructure. The introduction of staking is anticipated to bolster the security and stability of the network, making it more robust and resistant to potential threats. By encouraging staking, StarkWare aims to foster a more decentralized ecosystem where users have a greater stake in the platform's success and security.

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