Key Points:

• The Starknet mainnet will be upgraded to version 0.12.1 next week to improve transaction efficiency.
• The upgrade adds a pre-sort validation phase to filter out invalid transactions early.
• Unsuccessful transactions will be included in the block with REVERTED status, and fees will be charged.

According to the official announcement, Starknet, Ethereum’s Layer 2 scaling solution, tweeted that the Starknet mainnet will be upgraded to version 0.12.1 next week to improve transaction efficiency.

The proposed changes in Starknet v0.12.1 aim to improve the efficiency of the sequencer capacity by addressing the problem of handling failed transactions. Starknet aims to optimize its processing potential for valid transactions by putting failed transactions into a block and charging them a fee.

Currently, invalid transactions waste valuable sequencer resources with no fees. Therefore, the Starknet v0.12.1 upgrade will improve the efficiency of the sequencer capacity by solving the problem of failed transactions.

A validation stage will be added to the mempool to prevent invalid transactions from consuming the sequencer’s precious time. This ensures that only valid transactions will continue. Failed transactions will have a REVERTED status & be included in the block, paying fees.

In addition, the API also has specific changes, such as adding transaction status REVERTED New transaction receipt fields for execution status & results.

The centralized sequencer will also add a validation phase and can reject invalid transactions before execution. The goal is to optimize the sequencer’s capacity by filtering earlier, including failed transactions and charging, to improve efficiency.

The 0.12.1 upgrade is launching to Mainnet next week as part of the Quantum Leap. This upgrade optimizes sequencer use by filtering, charging fees & better utilization. Get ready for faster, smoother transactions on the next leg of the Quantum Leap journey.

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.

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DeFi

Starknet Mainnet Will Be Upgraded To Version 0.12.1 Next Week

Key Points:

• The Starknet mainnet will be upgraded to version 0.12.1 next week to improve transaction efficiency.
• The upgrade adds a pre-sort validation phase to filter out invalid transactions early.
• Unsuccessful transactions will be included in the block with REVERTED status, and fees will be charged.

According to the official announcement, Starknet, Ethereum’s Layer 2 scaling solution, tweeted that the Starknet mainnet will be upgraded to version 0.12.1 next week to improve transaction efficiency.

The proposed changes in Starknet v0.12.1 aim to improve the efficiency of the sequencer capacity by addressing the problem of handling failed transactions. Starknet aims to optimize its processing potential for valid transactions by putting failed transactions into a block and charging them a fee.

Blast off! ???? Next week the 2nd stage of the Starknet Quantum Leap gets pushed to Mainnet, improving transaction efficiency for liftoff.

The Starknet 0.12.1 upgrade aims to improve transaction efficiency as part of the Starknet Quantum Leap. Currently, invalid transactions waste… pic.twitter.com/4ZCdSg5XCL

— Starknet ???????? (@Starknet) August 17, 2023

Currently, invalid transactions waste valuable sequencer resources with no fees. Therefore, the Starknet v0.12.1 upgrade will improve the efficiency of the sequencer capacity by solving the problem of failed transactions.

A validation stage will be added to the mempool to prevent invalid transactions from consuming the sequencer’s precious time. This ensures that only valid transactions will continue. Failed transactions will have a REVERTED status & be included in the block, paying fees.

In addition, the API also has specific changes, such as adding transaction status REVERTED New transaction receipt fields for execution status & results.

The centralized sequencer will also add a validation phase and can reject invalid transactions before execution. The goal is to optimize the sequencer’s capacity by filtering earlier, including failed transactions and charging, to improve efficiency.

The 0.12.1 upgrade is launching to Mainnet next week as part of the Quantum Leap. This upgrade optimizes sequencer use by filtering, charging fees & better utilization. Get ready for faster, smoother transactions on the next leg of the Quantum Leap journey.

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.

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