Deep Dive
1. Purpose
Starknet is a decentralized Layer 2, meaning it operates alongside Ethereum rather than replacing it. It is built to help applications handle more activity while relying on Ethereum for settlement and security. CoinMarketCap
2. How it works
Starknet groups transactions and generates a STARK validity proof, a cryptographic check that the computation followed the rules. It sends the proof and transaction results to Ethereum for verification. Developers build Starknet applications using Cairo, a programming language designed for this proof-based system. Bitstamp
3. What STRK does
STRK is Starknet’s native token. It pays transaction fees and supports governance, where token holders can participate in protocol decisions, and staking, which helps secure network operations. StarkWare
Conclusion
Starknet is a proof-based Ethereum scaling network, while STRK provides key functions for using and governing it. How effectively can its technology make decentralized applications faster and more affordable?null
