Starknet Approves Use of STRK Token for Transaction Fees
The Starknet community has overwhelmingly approved a proposal to use the STRK token for transaction fees.
Starknet Approves Use of STRK Token for Transaction Fees
In a vote concluded on January 8, the Starknet community passed a proposal to allow the use of the STRK token for transaction fees on its Ethereum layer-2 network.
The proposal received an overwhelming approval rate of 99.8%
The voting for @Starknet Alpha v0.13.0 has concluded, and the result is overwhelmingly in favor, with an impressive 99.86% approval rate! pic.twitter.com/7H6T0btbhk
— Starknet-Ecosystem.com ✨ (@StarknetEco) January 8, 2024
This means that in the upcoming Alpha v.13 upgrade, Starknet will use STRK alongside ETH for transaction fees. However, a senior developer at Starknet indicated that the network plans to exclusively use STRK for fee payments in the future.
Additionally, Alpha v.13 will introduce several changes aimed at reducing transaction fees on Starknet by 25-50% and improving network performance.
The Alpha v.13 upgrade is scheduled for January 10, but the use of STRK will be delayed until the token is officially released.
As previously reported by Coin68, Starknet announced in December 2023 that it would allocate 1.8 billion STRK tokens to the community, likely through an airdrop event.
