Starknet stands as a ZK-rollup, a decentralized Layer 2 network, offering Ethereum the ability to scale securely while empowering dApps with limitless potential for transactions and computation.
Positioned as the solution to Ethereum's scaling needs, Starknet crypto startup was crafted by a StarkWare developer team initially utilizing STARKs to create a scaling solution for clients.
Not much information is available regarding the forthcoming Starknet token. However, it's confirmed that the first native StarkWare token will serve a threefold purpose: facilitating transaction fee payments, operating as a governance tool, and contributing to the network's consensus mechanism.
A standout highlight of the Starknet coin lies in its strong backing: Starknet has secured significant support, raising over from Tier 1 investors such as Pantera Capital, Paradigm, Sequoia Capital, Coinbase Ventures, Polychain Capital, Multicoin Capital, Tiger Global Management, and ConsenSys.
