Ethereum

Starknet

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 <p>Top global crypto exchange Binance has rolled out trading support for the new Ethereum (ETH) layer-2 scaling project Starknet (STRK).</p>
 <p>Starknet kicked off its first token allocation on Tuesday.</p>
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 <p>The project plans to distribute more than 700 million Starknet tokens to nearly 1.3 million addresses.</p>
 <p>Eligible individuals and groups will have four months to claim their tokens, and unclaimed STRK will be distributed in future rounds.</p>
 <p>Binance attached a seed tag to STRK. The exchange applies seed tags to lower-liquidity tokens that have more volatility potential, and users who own assets with tags are required to pass quizzes every 90 days to ensure they’re aware of their inherent risks.</p>
 <p>STRK, which is already the 60th-ranked crypto asset by market cap, is down more than 53% from its launch price of $3.55. The token is trading at $2.05 at time of writing.</p>
 <p>The&nbsp;Starknet&nbsp;is a decentralized validity rollup, otherwise known as a zero-knowledge (ZK) roll-up.</p>
 <p>Rollups are solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data. The&nbsp;two types&nbsp;of rollups are optimistic rollups and ZK rollups. Optimistic rollups automatically assume transactions are valid, while ZK rollups run computations off the chain and then submit a validity report.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-exchange-binance-announces-support-for-new-ethereum-layer-2-scaling-altcoin-starknet-strk-tbt80393.html">https://thebittimes.com/crypto-exchange-binance-announces-support-for-new-ethereum-layer-2-scaling-altcoin-starknet-strk-tbt80393.html</a></p>

Crypto Exchange Binance Announces Support for New Ethereum Layer-2 Scaling Altcoin Starknet (STRK)

TheBitTimes

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