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Speeding Up the Blockchain: Starknet's Role in Enhancing Ethereum

duna247 - 2024-02-21 13:44:00

If you've used Ethereum, you are aware of how costly and slow it can get. Consider Starknet as a helper that reduces costs and speeds up processes. This is accomplished by taking multiple transactions, condensing them into one, and processing that single transaction. As a result, more transactions can occur simultaneously without slowing down the system. Starknet is a dream come true for developers of decentralised applications (dApps), as it allows their programmes to support many more users without experiencing any lag. Additionally, it allows them to customise their apps to their own specifications, which benefits consumers. In terms of revenue generation, Starknet levies fees for network usage and allows users to "stake" their coins, which is like depositing money into a savings account that supports the network in exchange for a little incentive. What are your thoughts on Starknet, then? It's all about making it easier for Ethereum to manage increased activity. Perhaps significant for our use of digital currency?