Buying Starknet (STRK) is easy!

Why buy Starknet (STRK)

Buying Starknet (STRK) is the right choice for those who believe that the future of Ethereum passes through the success of its Layer 2s. STRK is this blockchain’s utility and governance token, and unlike most Ether scaling solutions, it can also be used to pay transaction fees. This possibility was introduced by the 0.13.0 update activated in February 2024.

Buying Starknet (STRK) can also be a solution for those who intend to get a passive return from staking. Users can actively participate in network security and receive rewards by locking their tokens. STRK was launched through an airdrop in February 2024. Who benefited from it? Users using decentralised network-based applications in previous months, for example, dYdX.

What is how Starknet (STRK) is born?

Starknet is an Ethereum scalability solution that makes use of zero-knowledge rollup technology. Specifically, this network uses zk-STARK cryptographic e-proofs to make the network competitive in terms of scalability, speed and security. These proofs group transactions in batches or “batches”, allowing them to take up much less space and lower transaction fees. 

Starknet is also a modular blockchain. This means that decentralised applications built on it, called Layer 3 blockchains or RollApps, have their dedicated network. In addition, Starknet’s smart contracts are programmed with Cairo, a Rust-based programming language.

Finally, to decide whether to buy Starknet (STRK), you need to know that StarkWare, the company involved in developing this Layer 2, born in Israel in 2018 is currently valued at $8 billion. It also enjoys the support of several investment and venture capital funds, among the most famous in the crypto world. StarkWare has raised about 225 million in three different funding rounds in which Sequoia Capital and Paradigm participated.