Starknet is the first layer-2 network to introduce a staking structure, launching phase one of STRK staking in its mainnet.
Starknet is an Ethereum-based scaling system (STRK() launched the new website staking Starknet is the first layer-2 network to implement staking on its mainnet. Starknet announced in September that the phase 1 rollout introduced a stake framework which allows users to take part as delegators or validators. an X announcement The 26th of November is a day to remember.
Validators must stake a minimal of 20,000 STLK (or approximately $11,400 at the time of this press release), while delegators may delegate tokens with no technical requirements. Starknet stated that wallets such as Argent and Braavos would support staking. Staking Rewards and Luganodes are among the professional validators that have signed up for this initiative.
Starknet steps closer to decentralized PoS network
Starknet’s stake model is a critical step towards its goal The network will be fully decentralized. Phased rollout starts with permissionless stake and stake delegation. Validators can now operate nodes fully and get ready for the next stage.
In phase 3, validators will vote on blocks and validate them. Phase 2 involves the validation of blocks by validators. Phase 4 will see validators taking full responsibility for network security and block production. Starknet does not specify a timeline for the entire implementation. However, this gradual approach is meant to allow the community time to provide feedback and test the system.
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Source: crypto.news
