Starknet community has overwhelmingly voted to implement the Alpha version 13.0 update on its mainnet.
This landmark decision, backed by over 99.8% of votes from participating delegates, paves the way for a substantial upgrade in the network’s functionality.
Central to this update is the introduction of transaction fee payments using Starknet’s native STRK token alongside ether.
Eli Ben-Sasson, a core contributor, shared that the network envisions a future where STRK becomes the exclusive means for settling transaction fees. However, the activation of STRK token payments will await the token’s transferability at a later date.
The v.13 upgrade, set to go live this coming Wednesday, aims to reduce transaction costs and enhance network performance significantly. Estimates suggest a potential reduction in transaction fees ranging from 25-50%.
Furthermore, Starknet stands out with its decentralized Layer 2 solution, utilizing a zero-knowledge roll-up method. This technology efficiently bundles multiple transactions off-chain before broadcasting them collectively to the Ethereum network.
The Starknet Foundation has ambitious plans to distribute 1.8 billion tokens as user rewards and rebates later this year, potentially including a community airdrop.
This strategic move by Starknet not only demonstrates the evolving landscape of cryptocurrency networks and signals a shift towards more efficient and user-focused blockchain solutions.
Also Read: Starknet Community Votes on STRK Fee Payment Upgrade
