Tech

Starknet Token Holders Approve Staking Implementation

Discover how Starknet token holders have approved the implementation of staking, paving the way for enhanced rewards and network security. Learn about the implications for the community and the future of decentralized finance.

Published

2 months ago

September 15, 2024

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On Friday, holders of Starknet’s native token, STRK, participated in a pivotal governance election that resulted in the approval of staking on the layer-2 network. This proposal has been in development since July, marking a significant milestone in Starknet’s evolution. The voting was conducted on Snapshot’s innovative decentralized Snapshot X platform, which has recently been launched.

The vote, which went live on Tuesday, witnessed overwhelming support from participants. However, it is noteworthy that only 0.08% of eligible voters engaged in the process. An impressive 98.94% of those who voted were in favor of implementing staking, while 0.45% chose to abstain and 0.61% cast their votes against the proposal.

With the introduction of this new staking mechanism on Starknet, individuals who hold more than 20,000 STRK will soon be able to stake their tokens on the network, starting in the fourth quarter of this year. This initiative aims to enhance user engagement and incentivize long-term token holding.

Additionally, a minting mechanism designed to balance rewards for stakers while managing inflation expectations was also approved as part of the voting process. StarkWare, the primary developer behind the Starknet blockchain, shared this information in a press release distributed to CoinDesk.

To facilitate the governance process, Starknet is utilizing Snapshot X, the governance protocol released by the Snapshot team on Tuesday, which introduces its first on-chain feature. StarkWare elaborated, stating, “Snapshot X determines voting power based on the voters’ STRK holdings.” This approach aims to ensure that votes originate from genuine community members and to prevent external entities from acquiring STRK solely for the purpose of voting and then quickly selling their tokens. To achieve this, Snapshot X captures a snapshot of STRK holdings at a predetermined time.

Related Topics:blockchain Business governance election Snapshot X staking Starknet StarkWare STRK Tech token holders

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Tesla Semi Fire: NTSB Preliminary Report Released

The NTSB’s preliminary report on the Tesla Semi fire has been released. This content includes important information about the details of the incident, the causes of the fire, and Tesla’s safety measures. Explore the impact on Tesla’s electric vehicles and its future steps.

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The National Transportation Safety Board (NTSB) released a preliminary report stating that a Tesla Semi electric truck in California required firefighters to use “50,000 gallons” (approximately 190,000 liters) of water to extinguish a roadside fire. Firefighting teams also deployed an aircraft to drop fire retardant on nearby areas as a precautionary measure to control the fire.

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New Leaks and Features About the Samsung Galaxy S25 Ultra

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New Leaks About Samsung Galaxy S25 Ultra

Samsung is expected to introduce the Galaxy S25 Ultra along with the Galaxy S25 series at the beginning of 2024, likely in January. Although no official announcement has been made yet, leaks regarding the upcoming flagship continue to spread rapidly on the internet. Notable leak source IceUniverse shared several new visuals of the Galaxy S25 Ultra in a post on the X platform. These visuals reveal the design differences between the Galaxy S25 Ultra and the Galaxy S24 Ultra.

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A tweet shared by IceUniverse: Galaxy S25 Ultra Image

According to leaks, the Galaxy S25 Ultra is expected to be thinner and lighter compared to previous models. In August, rumors emerged that the upcoming Galaxy S25 Ultra would be lighter than its competitors, with a weight of under 221 grams.

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iOS 18 Officially Released: Innovations and Features

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iOS 18 Officially Released: Here Are the Innovations!

Apple officially launched iOS 18 yesterday, as promised. After a long beta testing phase, this update brings many exciting new features for iPhone users.

iOS 18 Officially Released: Innovations and Features

New Features in iOS 18

Advanced Customization Options on the Home Screen: With iOS 18, users can now arrange app icons freely without sticking to the traditional grid layout. Additionally, there’s an option to change the colors of the icons and adjust their darkness levels. In short, you are no longer bound to a boring layout. It raises questions why Apple waited until 2024 to offer this feature.
Revamped Control Center: The Control Center is completely redesigned in iOS 18. Users will be able to group controls more comfortably, and developers can easily add controls from their applications. Also, there’s an option to divide the Control Center into pages, allowing different controls on each page.
RCS Messaging Support: With iOS 18, Apple introduces Rich Communication Services (RCS) messaging support. Users can add various effects to their texts and react with new emojis for more colorful responses.
Updated Photos App: The Photos app is presented with a new opening page and a modern layout. Users can now browse photos by time, people, and many other criteria, reorder media files, and explore more with the “Collections” feature.
App Lock Feature: Users can now lock specific applications. For example, they can activate Face ID protection from the menu that appears when long-pressing an app icon. Thus, anyone wanting to open the app will have to pass the Face ID protection first.
Apple Intelligence: One of the important features of iOS 18 is Apple’s artificial intelligence kit, Apple Intelligence. However, to fully benefit from this feature, you’ll need to wait for the iOS 18.1 update. More information about Apple Intelligence can be found here.

How to Install iOS 18?