StarkNet is a permissionless decentralized ZK-Rollup. It operates as an L2 network over Ethereum and solves the inherent problems of blockchains – scalability and privacy.

What is StarkNet

StarkNet is a permissionless decentralized Validity-Rollup (also known as a “ZK-Rollup”). It operates as an L2 network over Ethereum, enabling any dApp to achieve unlimited scale for its computation – without compromising Ethereum’s composability and security, thanks to StarkNet’s reliance on the safest and most scalable cryptographic proof system – STARK.

StarkNet Contracts and the StarkNet OS are written in Cairo – supporting the deployment and scaling of any use case, whatever the business logic.

The StarkNet Token is needed to operate the ecosystem, maintain and secure it, decide on its values and strategic goals, and direct its evolution. This token will be required for:

• Governance
• Payment of transaction fees on StarkNet
• Participation in StarkNet’s consensus mechanism