StarknetSTRK

Starknet aims to be governed by a decentralized, community-driven process centered around STRK token holders. While StarkWare originally developed the technology, the network is transitioning to a completely decentralized model where the broader community makes decisions regarding protocol upgrades, development, and the future of the network.

Starknet is a Validity-Rollup (ZK-Rollup) Layer 2 network that operates on top of Ethereum, enabling dApps to massively scale without compromising on security. It achieves this by bundling transactions into an off-chain computed STARK proof. This proof is then submitted to Ethereum as a single transaction, resulting in significantly higher throughput, faster processing times, and much lower costs, all while retaining the robust security of the Ethereum settlement layer.

Starknet is a Layer 2 that uses STARK technology to validate off-chain transactions, enabling unlimited scale while preserving Ethereum's security and decentralization.