StarkNet is a permissionless decentralized Layer 2 (L2) validity rollup, built to allow Ethereum to scale via cryptographic protocols called STARKs, without compromising Ethereum’s core principles of decentralization, transparency, inclusivity and security. The StarkNet Token is needed to operate the ecosystem, maintain and secure it, decide on its values and strategic goals, and direct its ; evolution. This token will be required for (i) governance, (ii) payment of transaction fees on StarkNet, and (iii) participation in StarkNet’s consensus mechanism.
Recent Video Interview
Main points of the interview:
- Omar Pel, developer advocate at Starknet, discusses his journey from machine learning to Web3 and open-source AI.
- Starknet's mission to scale Ethereum using innovative zero-knowledge technology and the Cairo programming language.
- Focus on long-term blockchain ecosystem scaling, including potential Bitcoin integration and the use of Stark's zero-knowledge proofs for compression.
Other Coins in the Infrastructure Category
- MANTRA: a security-focused RWA Layer 1 blockchain for institutions and developers.
- Ardor: a blockchain platform for creating decentralized apps with unique architecture.
- Tokamak Network: the native token used for staking, governance, and incentivizing layer-2 chains.
Starknet Price Analysis
As of January 15 2025 Starknet has a marketcap of $1B.
This is {{percentagefromath}} from its all time high of $4.41.
In terms of its tokenomics, there's a total supply of 10B with 24% currently outstanding.
Keep in mind Starknet has a fully diluted value of $4.3B which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
