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What is Starknet?
Starknet is an L2 smart contract platform for decentralized applications on Ethereum. StarkNet was founded by StarkWare and launched in 2021.How does Starknet work?
Starknet batches users' transactions and submits them to Ethereum, paying a share of the transaction fees to Ethereum validators (supply-side fees).Who governs Starknet?
StarkWare team & investors own and govern the protocol. They currently run the only sequencer and take a cut of the total transaction fees paid by users (revenue). StarkWare's investors include Sequoia Capital, Founders Fund, Pantera Capital, etc.Related posts
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