Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Starknet opens up delegated vote for moving STRK fee payment upgrade from testnet to mainnet

Starknet opens up delegated vote for moving STRK fee payment upgrade from testnet to mainnet

The BlockThe Block2024/01/04 15:54
By:The Block

Quick Take Starknet opened up a vote for transitioning v0.13.0 upgrades from testnet to mainnet. The upgrade would add transaction fees payment in STRK, the protocol’s forthcoming native token, as well as ether.

Starknet opens up delegated vote for moving STRK fee payment upgrade from testnet to mainnet image 0

The Ethereum Layer 2 validity roll-up Starknet opened up a community vote over the transitioning of major upgrades in Starknet v0.13.0 from testnet to mainnet.

The upgrades facilitate transaction fee payments in STRK, the native token for Starknet, in addition to ether, which the protocol had been accepting prior. STRK is not yet available, and it wasn't immediately clear how the vote would impact issuance. 

Community members can voice input from 7:00 a.m. ET on Jan. 4 to  7:00 a.m. ET on Jan. 8 at on the Starknet Governance Hub, the protocol wrote on social media . 

Token-gated vote

Some community members appeared confused as to how the vote could occur before the STRK airdrop, but the vote relies on delegates, not token holders. Over the past year, Starknet Foundation distributed voting power to a broad group of independent delegates.

"We encourage ALL members of the Starknet community to join the discussion and voice opinions on the proposed update on the community forum," Starket wrote.

Starknet did not immediately respond to a request for comment from The Block. 


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!