{"id":1458,"date":"2023-07-11T09:08:04","date_gmt":"2023-07-11T09:08:04","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=1458"},"modified":"2023-12-07T10:31:44","modified_gmt":"2023-12-07T10:31:44","slug":"starknet-strk","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/starknet-strk\/","title":{"rendered":"What is StarkNet (STRK)?"},"content":{"rendered":"<p style=\"text-align: left;\">StarkNet, which was created by StarkWare Company, is a layer-2 network that allows decentralized apps to develop.<\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 140%;\">What is StarkNet?<\/span><\/p>\n<p>StarkNet is a decentralized ZK-rollup that runs on Ethereum. <strong><a href=\"https:\/\/coinmuhendisi.com\/blog\/ethereum-kurucusu-buterin-merak-uyandiran-son-yazisinda-rolluplari-ve-olceklenebilirligi-tartisti\/\">Vitalik Buterin<\/a><\/strong> who is the CEO of Ethereum, mentioned that StarkNet can support Ethereum to reach 100,000 transactions per second. This network has some advantages, such as low transaction fees and high performance. In addition, it authorizes decentralized applications (dApps) to reach an unlimited scale. We put its three benefits in order below:<\/p>\n<ol>\n<li>Security<\/li>\n<li>Low transactions fees<\/li>\n<li>Scalability<\/li>\n<\/ol>\n<p>The network provides low fees for users by combining multiple transactions into one state change. Furthermore, it works to enhance the properties of Ethereum layer 1.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/starknet-strk\/#What_is_the_StarkNet_ecosystem\" title=\"What is the StarkNet ecosystem?\">What is the StarkNet ecosystem?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/starknet-strk\/#How_to_use_its_ecosystem\" title=\"How to use its ecosystem?\">How to use its ecosystem?<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/starknet-strk\/#Who_are_the_investors\" title=\"Who are the investors?\">Who are the investors?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"What_is_the_StarkNet_ecosystem\"><\/span><span style=\"font-size: 100%;\">What is the StarkNet ecosystem?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: left;\">After what is StarkNet? explained, there is also an important topic which we should know. That is StarkNet Ecosystem. Let\u2019s find out more below.<\/p>\n<p style=\"text-align: left;\">First of all, There are hundreds of dApps in the ecosystem. One of them is <strong><a href=\"https:\/\/coinengineer.net\/blog\/project-review\/defi-projects\/\">DeFi<\/a><\/strong> to make some transactions such as swaps and bridges. As a<span style=\"font-size: 14.4px;\">n example, <\/span><strong style=\"font-size: 14.4px;\">Layerswap<\/strong><span style=\"font-size: 14.4px;\"> is a well-known bridge platform. <\/span>There is also GameFi that users can participate in directly. Thus, they can receive authority to change the rules of games. Some of them are <strong>Dolven Labs<\/strong>, <strong>Influence<\/strong>, <strong>Loot Realms<\/strong>\u00a0and <strong>ZKasino<\/strong>.<\/p>\n<p style=\"text-align: left;\">\u00a0Additionally, NFT platforms live on the network. Participants can use these platforms in order to buy and sell NFTs or create new ones. Finally, the Creators of Starknet announced STRK which is a native token of StarkNet. However, Token has not been listed on any exchange yet.<\/p>\n<h4 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"How_to_use_its_ecosystem\"><\/span><span style=\"font-size: 170%;\">How to use its ecosystem?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p style=\"text-align: left;\">\u00a0In order to make operations on dApps in the ecosystem, we need to have <a href=\"https:\/\/www.youtube.com\/watch?v=S4CPonBs_sg\" target=\"_blank\" rel=\"noopener\">ArgentX<\/a> or <a href=\"https:\/\/www.youtube.com\/watch?v=akpDRF9Ze0U\" target=\"_blank\" rel=\"noopener\">Braavos Wallet<\/a>. These wallets are <strong><a href=\"https:\/\/coinengineer.net\/blog\/custodial-and-non-custodial-wallets\/\" target=\"_blank\" rel=\"noopener\">Non-Custodial Wallets<\/a><\/strong> like Metamask. These wallets are convenient for iOS and Android. It can also be used as an extension on web browsers. Another important thing is that dApps in the ecosystem have a testnet that is live now. Thus, participants can collect NFT from the testnet. They think the project can allocate STRK token <strong><a href=\"https:\/\/www.youtube.com\/playlist?list=PLPJ38vz8euDwn2kLs8CRj75WFLYY3to4_\">airdrop<\/a><\/strong> to the testnet users in the future.<\/p>\n<h5 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Who_are_the_investors\"><\/span><span style=\"font-size: 180%;\">Who are the investors?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>As we said before, StarkWare Company built StarkNet. Besides, there are lots of investors: Vitalik Buterin, Paradigm, Sequoia, Coinbase Ventures and more.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1542\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/what-is-starknet.png\" alt=\"who-are-the-investors-of-StarkNet\" width=\"495\" height=\"384\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/what-is-starknet.png 924w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/what-is-starknet-300x233.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/what-is-starknet-768x597.png 768w\" sizes=\"auto, (max-width: 495px) 100vw, 495px\" \/><\/p>\n<hr \/>\n<p>You can type your opinions as comments about the topic. Furthermore, you can follow us on <a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>\u00a0and\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a> for news and more.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>StarkNet, which was created by StarkWare Company, is a layer-2 network that allows decentralized apps to develop. What is StarkNet? StarkNet is a decentralized ZK-rollup that runs on Ethereum. Vitalik Buterin who is the CEO of Ethereum, mentioned that StarkNet can support Ethereum to reach 100,000 transactions per second. This network has some advantages, such<\/p>\n","protected":false},"author":1,"featured_media":1463,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[475,476,93,474],"class_list":["post-1458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-crypto-guides","tag-crypto-tutorial","tag-defi","tag-starknet"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is StarkNet (STRK)? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"StarkNet that is created by StarkWare Company is a layer-2 network that allows decentralized apps to develop.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/starknet-strk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is StarkNet (STRK)? 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