Starknet approves vote to add ability to use STRK token for paying transaction fees | Headlines | News | CoinMarketCap

01/09/2024 00:38
Starknet approves vote to add ability to use STRK token for paying transaction fees | Headlines | News | CoinMarketCap

The Ethereum Layer 2 network Starknet's community approved a vote to proceed with implementing the Alpha version 13.0 update on its mainnet. The …

The Ethereum Layer 2 network Starknet's community approved a vote to proceed with implementing the Alpha version 13.0 update on its mainnet.

The proposal received overwhelming support, garnering approval from over 99.8% of votes from participating delegates.

The v.13 update will introduce transaction fee payments using both STRK and ether. The network plans to eventually transition to exclusively using STRK for transaction fees, Eli Ben-Sasson, a core contributor, told The Block.

The upgrade is expected to go live this Wednesday. However, the activation of STRK token payments will be delayed until the token becomes transferable at a later date.

In addition to laying the groundwork for enabling STRK fee payments, the v.13 upgrade is expected to cut down on transaction costs and network …

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