The StarkNet governance ballot is commencing in Toncoin (TON) Value Forecast for March 26th, centered on improving its staking framework.
StarkNet, an Ethereum Layer 2 scaling protocol, is preparing for a substantial refinement to its staking infrastructure, termed Phase 2 staking. Based on their recent declaration on X, this enhancement will initially be deployed on the testnet in the upcoming weeks, with the complete mainnet deployment projected for the second trimester of 2025.
A pivotal alteration in Phase 2 is the incorporation of “block proofs.” Verifiers will now be tasked with transmitting these proofs, essentially validating the legitimacy of fresh blocks prior to their integration into the blockchain. This imposes an additional stratum of accountability for verifiers and reinforces the overall protection of the StarkNet ecosystem.
The notion of block proofs is not entirely novel in the blockchain sphere. For instance, Polkadot (DOT) verifiers also contribute to validating new blocks. Polkadot’s governance even empowers token possessors to influence verifier compensations. The fundamental principle of verifiers confirming and authenticating the network state through proofs is quite analogous to what StarkNet is enacting.
Moreover, StarkNet is introducing a more equitable and perspicuous commission augmentation mechanism. This endeavors to amplify the economic motivations for all stakeholders involved in staking and network engagement.
STRK possessors will have two opportunities to cast a ballot on whether to endorse this upgrade. Initially, a trial vote is slated from March 10th to 15th to ascertain the system’s proper operation. Subsequently, a formal vote will transpire from March 20th to 30th, where possessors will render the ultimate determination.
If sanctioned, Phase 2 staking could potentially stimulate augmented demand for STRK, as more verifiers and delegators might be incentivized to partake in staking due to the improved system.
A surge in staking involvement might diminish the quantity of obtainable STRK tokens, potentially triggering a rise in value. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
