STRK
STRK Coin serves as the backbone of the Starknet ecosystem. Users utilize the STRK token to perform all transactions on the Starknet network. For example, users spend their tokens to pay for transaction fees or interact with smart contracts.
Starknet (STRK) is a decentralized and independent Layer 2 blockchain that operates connected to the Ethereum blockchain. Starknet aims to increase the scalability of Layer 2 blockchains and to protect the privacy of transactions through zero-knowledge proofs.
Starknet is a second layer solution that operates using advanced technology built on the Ethereum network. This technology allows users to execute transactions much faster and at a lower cost without compromising the security and other technological advantages provided by Ethereum.
At the core of Starknet is a technology called "Zero-Knowledge Rollup" that works by "breaking down" transactions into smaller and more manageable pieces, thereby reducing the amount of data loaded onto the Ethereum main chain.
The approach adopted by Starknet significantly enhances the scalability of the Ethereum network, especially for applications that require intensive computation. This way, developers can create complex dApps (decentralized applications), and users can carry out transactions quickly with lower fees.
Starknet implements this technology using highly secure cryptographic proofs known as "STARK proofs," all supported by smart contracts written in a specially developed and optimized programming language called "Cairo" for Starknet.
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