Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Starknet launches staking with 20,000 token minimum

Starknet launches staking with 20,000 token minimum

Grafa2024/11/27 06:40
By: Liezl Gambe
ETH-1.06%BEN0.00%STRK+1.32%

Starknet (CRYPTO:STRK), an Ethereum (CRYPTO:ETH) layer-2 scaling solution, has initiated the first phase of its staking mechanism, allowing STRK token holders to participate in securing the network.

Solo staking requires a minimum of 20,000 STRK tokens, while those holding fewer tokens can delegate them to validators for indirect participation.

The phased rollout begins with validators performing essential tasks such as running full nodes and interacting with staking contracts.

Over time, their responsibilities will expand to include block creation and validation, supporting network functionality and decentralisation.

Eli Ben-Sasson, CEO of StarkWare, described the launch as a significant milestone for the Starknet community.

He highlighted that Bitwise has already joined as a public validator.

“Eventually, Starknet users will be able to sequence and validate Starknet blocks and, in turn, earn rewards,” Ben-Sasson stated.

“It took Ethereum three years to get this right,” he emphasised, highlighting the importance of a gradual rollout to ensure network stability.

The staking mechanism also introduces governance opportunities.

Ben-Sasson explained that governance benefits will be rolled out in stages, ultimately allowing token holders to support the network’s operation.

“The staking rollout pushes forward the ongoing decentralisation of Starknet and will rest control in the hands of the community,” he added.

In a stress test conducted on October 29, Starknet achieved a peak throughput of 857 transactions per second (TPS), with an average of 127.5 TPS over 24 hours.

The test simulated high-demand gaming scenarios and demonstrated Starknet’s ability to scale without compromising network integrity.

At the time of reporting, the Starknet (STRK) price was $0.5955.  

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: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!
Bitget Announcement2025/09/12 07:46
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
New spot margin trading pair — LINEA/USDT!
Bitget Announcement2025/09/11 10:04

Trending news

More
1
New spot margin trading pair — HOLO/USDT!
2
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,995.43
-0.38%
Ethereum
Ethereum
ETH
$4,656.34
+0.18%
XRP
XRP
XRP
$3.12
+0.82%
Tether USDt
Tether USDt
USDT
$1
-0.05%
Solana
Solana
SOL
$239.42
-0.53%
BNB
BNB
BNB
$931.06
+0.74%
USDC
USDC
USDC
$0.9998
-0.01%
Dogecoin
Dogecoin
DOGE
$0.2876
+5.87%
Cardano
Cardano
ADA
$0.9281
+2.34%
TRON
TRON
TRX
$0.3499
-0.29%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter