Starknet, a prominent Ethereum layer-2 project, said Tuesday that it will bring staking to its main network on Nov. 26.
StarkWare, the main developer firm behind Starknet, had shared in July that it would introduce a proposal for staking on the blockchain, but had not previously fixed the date of the rollout.
02:38
‘High Likelihood’ Cardano Founder Charles Hoskinson Will Become Trump’s Crypto Advisor
01:42
Bitcoin Hits New $76K Record High, ETFs Post $620M Inflows
02:41
Bitcoin’s New All-Time High; U.S. BTC Reserve Hopes Fly
16:22
Bitcoin to Reach $100K by December or January: 10x Research Founder
According to the team, anyone will be able to participate in staking on the blockchain. Validators will require a minimum of 20,000 STRK tokens ($9,610) to operate their nodes. Delegators must hold STRK tokens and will be able to choose a validator to delegate their stakes to.
The team also shared on X that “validators and delegators will be subject to a 21-day unstaking lockup period.”
StarkWare has recently moved away from solely focusing on the Ethereum layer-2 landscape, and has pivoted more of its research and development efforts to the Bitcoin ecosystem.
Last week, the StarkWare team, alongside some top Bitcoin developers, made some breakthroughs on new features that could make Bitcoin more programmable.
Disclosure
Please note that our
and
do not sell my personal information
have been updated
.
CoinDesk is an
media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of
CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
:format(jpg)/s3.amazonaws.com/arc-authors/coindesk/7dc71a1a-5122-47cc-9bbf-82501f65b060.png)
Margaux Nijkerk reports on the Ethereum protocol and L2s. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a small amount of ETH and other altcoins.
