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News

StarkWare Launches New Governance Organization

November 10, 2022 - Around 2 mins mins to read
In July, StarkWare, the company behind the blockchain scalability solution StarkNet, announced the formation of an independent, non-profit foundation and plans for a long-rumored coin. With a token allocation and a seven-person board, the StarkNet Foundation made its public debut on Wednesday.
StarkWare Launches New Governance Organization

Ethereum Scaling Protocol Starknet has just announced the launch of a new governance organization, the Starknet Foundation, which will handle the funding and funding of new Starknet protocols compliant with Ethereum’s open source and decentralized standards.

50.1% of the total supply of StarkNet tokens will go to the foundation, which may then be used for these objectives.

The foundation began with seven elected board members serving as key leaders in the foundation’s long-term direction.

In particular, there were Andrew McLaughlin, former Deputy Chief Technology Officer of the United States under Obama, and Eric Wall, a prominent blockchain critic. The Board of Directors operates under a majority voting structure.

StarkWare is one of the layer-2 solutions on Ethereum. The project has two main chains, StarkEx used by decentralized exchanges dYdX and DeversiFi, and a decentralized layer-2 solution StarkNet, which is about to issue tokens.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

StarkWare Launches New Governance Organization

In July, StarkWare, the company behind the blockchain scalability solution StarkNet, announced the formation of an independent, non-profit foundation and plans for a long-rumored coin. With a token allocation and a seven-person board, the StarkNet Foundation made its public debut on Wednesday.
StarkWare Launches New Governance Organization

Ethereum Scaling Protocol Starknet has just announced the launch of a new governance organization, the Starknet Foundation, which will handle the funding and funding of new Starknet protocols compliant with Ethereum’s open source and decentralized standards.

50.1% of the total supply of StarkNet tokens will go to the foundation, which may then be used for these objectives.

The foundation began with seven elected board members serving as key leaders in the foundation’s long-term direction.

In particular, there were Andrew McLaughlin, former Deputy Chief Technology Officer of the United States under Obama, and Eric Wall, a prominent blockchain critic. The Board of Directors operates under a majority voting structure.

StarkWare is one of the layer-2 solutions on Ethereum. The project has two main chains, StarkEx used by decentralized exchanges dYdX and DeversiFi, and a decentralized layer-2 solution StarkNet, which is about to issue tokens.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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