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Ethereum layer-2 scaling solution Starknet has rolled out its parallel execution feature on testnet, anticipating mainnet launch in a few weeks.
Starknet, a layer-2 blockchain operating on top of the <a href="https://crypto.news/tag/ethereum/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> network, has unveiled a testnet update, which brings new features that are supposed to speed up transaction execution.
In <a href="https://x.com/Starknet/status/1826143958809866665" target="_blank" rel="noopener noreferrer nofollow">an X announcement</a> on Aug. 21, Starknet said that the network’s 0.13.2 version is now live on testnet, adding that the final rollout on mainnet is anticipated in a week.
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 Starknet v0.13.2 is live on Testnet and coming in a week on Mainnet ⚡ Why is this a big anon? Parallel Execution Right now, Starknet and most blockchains process transactions sequentially, meaning each transaction is handled one by one, with every transaction waiting its turn… <a href="https://t.co/bfyahqj81X" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/bfyahqj81X</a>— Starknet 🐺🐱 (@Starknet) <a href="https://twitter.com/Starknet/status/1826143958809866665?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 21, 2024</a>
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The latest update brings a new feature called “parallel execution,” making it possible for transactions to be processed simultaneously instead of a sequential processing. With the update, Starknet can now execute “multiple transactions at the exact same time,” the project’s developers say, adding there is now no need to wait for each transaction to be completed individually.
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 “Before Starknet v0.13.2, each of these transactions were executed one after the other. With v0.13.2, they’re processed in parallel (at the same time), boosting Starknet’s speed and capacity for you, users and developers.”
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Despite the news, Starknet (<a href="https://crypto.news/price/starknet/" target="_blank" rel="noopener noreferrer nofollow">STRK</a>) saw a decline, trading down 2.3% at $0.35, per data from crypto.news.
This update comes as Starknet’s ecosystem gears up for further enhancements. On Aug. 20, StarkWare, the developer behind Starknet, <a href="https://crypto.news/starknet-unveils-first-voting-proposal-to-bring-staking-to-strk-holders/" target="_blank" rel="noopener noreferrer nofollow">announced</a> its first-ever mainnet vote for STRK holders, focusing on the introduction of staking to the network. The proposal will determine the specifics of the staking mechanism, with a full launch anticipated by October.
The phased staking rollout is set to begin with a testnet in September, followed by the mainnet launch in Q4 2024. The proposal also outlines the minting mechanism and the protocol for adjusting staking parameters, giving the Starknet community a direct voice in these decisions.
Read more: <a href="https://crypto.news/starknet-foundation-ceo-diego-silva-to-step-down/" rel="noopener noreferrer nofollow"> Starknet Foundation CEO Diego Oliva to step down </a>

Starknet debuts parallel transaction execution on testnet

crypto.news

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