Starknet, an Ethereum layer-2 scaling solution, has initiated the first phase of its staking mechanism, permitting STRK token holders to engage in staking to enhance network security. Users with a minimum of 20,000 STRK tokens can partake in solo staking, while those with fewer tokens can delegate their holdings to validators. This phased rollout will begin with basic staking functions, gradually introducing more critical roles for validators. Eli Ben-Sasson, CEO of StarkWare, emphasized the importance of this rollout for the community, highlighting its necessity for stability based on lessons learned from Ethereum's experience. This upgrade allows Starknet users to earn rewards and participate in governance over time as the staking functionalities advance. The launch of staking marks a significant milestone for Starknet, enhancing opportunities for community engagement and financial gain. Recent stress tests have shown Starknet's improved performance with high transaction speeds, indicating the platform's capacity to scale effectively without compromising network integrity.

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