News

Starknet Takes Crypto To The Next Level With New Governance Upgrade

Key Points:

  • Starknet DAO is set to launch its decentralized governance with the community’s inaugural vote to greenlight the launch of its latest protocol upgrade, Starknet Alpha v0.11.0.
Decentralized autonomous organizations (DAOs) are increasingly becoming popular in the crypto space, and one such entity is the Starknet DAO. The DAO is set to launch its decentralized governance with the community’s inaugural vote to greenlight the launch of its latest protocol upgrade, Starknet Alpha v0.11.0.

Starknet is a scaling solution built on the Ethereum network. The platform aims to solve the scalability problem of the Ethereum network by allowing developers to build and deploy high-performance dApps. The DAO was established to ensure that the project’s governance is decentralized and community-driven.

The first phase of the DAO’s governance will focus on protocol upgrades. Every protocol upgrade released by the Ethereum scaling solution will be subject to community voting. The successful vote will lead to the launch of a new protocol version on the Starknet mainnet.

To kickstart the DAO’s governance, the Starknet Foundation, which was established in October 2022, will play a pivotal role. The foundation will lead grants and funding for the Ethereum scaling protocol and share some of its voting power with several independent delegates to ensure a diverse governance environment for the project. Other participants in this early governance period will include investors, core contributors, and other delegates.

The DAO has chosen March 21 as the start of the voting period for its next upgrade. The vote, which will happen via Snapshot, is expected to take six days to complete. The Starknet protocol upgrade will be launched on the Goerli testnet while the vote is ongoing. This will be followed by a mainnet launch if the vote passes.

Starknet is one of the many projects aiming to solve the scalability problem on the Ethereum network. Its DAO governance model ensures that the community has a say in the project’s direction and upgrades. With the successful launch of the DAO’s governance, the project is well-positioned to attract more developers to build high-performance dApps on its platform.

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

Annie

Coincu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

1 hour ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

3 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

3 hours ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

3 hours ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

4 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

5 hours ago

This website uses cookies.