Just yesterday, strk has been launched on major platforms. I believe many friends have received the airdrop. Today I will talk to you about StarkNet.
Before we talk about StarkNet, we must first understand the four kings of Ethereum Layer 2. I believe everyone is very familiar with the first three, op arb zk, and the other one is StarkNet, which we are going to talk about today.
StarkNet is a permissionless, decentralized Ethereum layer-2 network that allows Ethereum to scale through a protocol called the STARK protocol while increasing transaction throughput and reducing gas fees without compromising Ethereum’s core principles of decentralization, transparency, and security.
StarkNet's ecosystem is similar to Ethereum. It can interact with any other contract on StarkNet, and the protocols can be freely combined. At the same time, the asynchronous messaging function allows it to communicate with eth contracts. This is its core function.
Next, let's talk about his token strk. The initial issuance of the token is 10 billion, 17% of which are allocated to investors, 32.9% to core contributors, and 51% to the foundation. The token strk will be used as gas fee payment, including the subsequent pledge and governance, which require a minimum strk token holding.
