1 month ago
Ethereum layer-2 StarkNet’s STRK token jumped much than 10% aft it revealed extended plans to amended its blockchain network’s throughput and trim transaction fees, according to its 2024 roadmap.
Data from CryptoSlate showed that the integer plus is 1 of the fewer outliers successful a mostly antagonistic marketplace that has seen high-flying tokens similar Solana and others people important losses during the past day.
As of property time, STRK was trading for $2.03335, according to CryptoSlate’s data.
StarkNet is 1 of the largest layer-2 networks, with $1.4 cardinal worthy of assets locked connected it, according to L2beats data.
Roadmap 2024
According to the roadmap, the layer-2 scaling solution volition acquisition aggregate upgrades to heighten performance. Among these upgrades are transaction parallelization, Cairo-native integration, and others.
The transaction parallelization upgrade is scheduled for this year’s 2nd 4th and would empower StarkNet to execute transactions concurrently. This would inadvertently pb to the web expediting transaction processing and ensuring punctual transaction finality.
It explained:
“ERC-20 transfers from antithetic users, for example, volition beryllium executed concurrently alternatively of sequentially.”
The planned upgrade is 1 of the cardinal features that reportedly makes transactions connected Solana cheaper and faster.
Notably, StarkNet was 1 of the assorted Ethereum layer-2 networks that implemented the Dencun upgrade, drastically reducing transaction fees for web users. However, the web is looking to capitalize connected this exertion further by adding scalability measures to boost its operations.
In summation to transaction parallelization, StarkNet volition collaborate with Nethermind to integrate Cairo natively into its strategy by the 3rd quarter.
According to the network:
“It volition effect successful a monolithic show betterment by allowing the sequencer to modulation from the Cairo VM to nonstop execution connected x86 architecture, making moving a transaction connected Starknet overmuch faster.”
The station StarkNet STRK token sees 10% surge pursuing ambitious 2024 roadmap reveal appeared archetypal connected CryptoSlate.
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