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 <p class="is-style-lead">Although STRK has not officially launched, the Starknet <a rel="dofollow" title="community" href="https://thebittimes.com/tag/community.html">community</a> showed overwhelming support for an upgrade aiming to introduce the native crypto as a gas token.</p> 
 <p>Starknet saw 99.8% of its participating delegates vote to implement Alpha version 0.13.0 on its mainnet, as no member of the Starknet Governance Committee opposed the proposal. The update aims to enable a dual token system allowing Ethereum Layer-2 (L2) network users to settle gas fees in either Ether (ETH) or STRK.&nbsp;</p> 
 <p>Following the landslide outcome, the L2 protocol will activate v.13 on Jan. 10. However, users will not immediately be able to pay for <a rel="dofollow" title="transaction" href="https://thebittimes.com/tag/transaction.html">transaction</a>s using STRK since the native token remains unreleased.&nbsp;</p> 
 <p>The dual fee structure is only one-half of Starkent’s proposed update. Alpha v.13 will also slash gas fees by up to 50% and optimize network performance through technological improvements.&nbsp;</p> 
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 <p>Starknet uses rollup solutions built on zero knowledge to scale Ethereum’s blockchain, offering cheaper fees and faster <a rel="dofollow" title="transaction" href="https://thebittimes.com/tag/transaction.html">transaction</a>s. It currently costs less than $1 to send ETH and swap other ERC-20 tokens via STRK’s decentralized network.</p> 
 <p>To achieve this, the protocol bundles <a rel="dofollow" title="transaction" href="https://thebittimes.com/tag/transaction.html">transaction</a>s on an off-chain layer before broadcasting the same on-chain actions on Ethereum’s main chain.</p> 
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   <img decoding="async" width="896" height="1023" src="https://cdn.thebittimes.com/images/2024/01/09/09fe6285564d7df433dc0979096c30ef.webp" alt="Starknet"> 
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   Ethereum layer-2 transaction fees on Jan. 8 | Source: l2fees.info
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 <p>Launched in February 2022 by Israel-based blockchain firm StarkWare Industries, the Ethereum scaling network plans to distribute 1.8 billion STRK tokens in user rewards, with at least 50 million tokens designated for early adopters.&nbsp;</p> 
 <p>There is speculation regarding a general <a rel="dofollow" title="community" href="https://thebittimes.com/tag/community.html">community</a> airdrop for network participants and users.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Starknet reveals 1.8b token distribution plan 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/starknet-community-approves-strk-for-transaction-fees-tbt75951.html">https://thebittimes.com/starknet-community-approves-strk-for-transaction-fees-tbt75951.html</a></p>

Starknet community approves STRK for transaction fees

TheBitTimes

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