What are the coins on the Starknet chain? Starknet ecological currency inventory

Recently, a new public chain Starknet has attracted the attention of investors in the currency circle. It is initiated and maintained by Starkware and aims to provide an efficient and secure programmable computing platform for decentralized application and contract developers. It aims to build a scalable, low-cost, high-performance blockchain network to provide users with convenient development, deployment and operation of smart contracts and DApps. It is precisely because of these functions that many projects have begun to use the Starknet chain to issue coins. , maybe you don’t know what coins are currently on the Starknet chain? At present, cryptocurrencies such as STRK, LORDS, RBX, OWL, and BLACK are all based on the Starknet chain. The following editor will take stock of the Starknet ecological currencies for everyone.

#What are the coins on the Starknet chain?

According to official data, the coins on the Starknet chain include STRK, LORDS, RBX, OWL, BLACK, AUK, SPEPE and PUNK. The following is a detailed introduction to some currencies:

1 , STRK

Starknet is a ZK-Rollup Layer2 solution built on the Ethereum network, designed to enable decentralized applications (DApps) to scale massively without sacrificing security. The core idea is to bundle transactions into a STARK proof, which is then calculated off-chain and ultimately submitted to the Ethereum network as a single transaction. This mechanism achieves higher throughput, faster processing speed and lower transaction costs, while maintaining the strong security of the Ethereum main chain. In this way, Starknet provides an effective scaling solution for Ethereum, allowing DApps to better cope with growing user and transaction volumes, while improving the performance and efficiency of the overall network.

2. LORDS

LORDS token is the ERC20 token of Realms.World, which is used to promote the game ecosystem. Players can use LORDS tokens to acquire resources, summon armies, build structures, and perform other actions. These tokens can be obtained through various gameplays in the game and traded on the resource market in the Realmverse.

3. RBX

RBX is a utility token launched by RabbitX, a permissionless perpetual contract exchange built on Starknet. At RabbitX, you can enjoy order book trading, and it also offers leverage trading up to 20x.

Because RabbitX is built using low-latency ZK-STARK technology, it can provide users with extremely fast confirmation speeds and zero Gas, as well as fully inherit the security of ETHL1.

What is Starknet chain?

Starknet is Ethereum’s second-layer scalability solution, known as Validity Rollup or ZK-Rollup. The way it works is by executing transactions off-chain and then bundling them into a STARK proof computed off-chain. This proof is then submitted to the Ethereum blockchain as a cohesive transaction. This process increases Ethereum’s transaction throughput, shortens processing times, and reduces costs, while maintaining the Ethereum network’s strict security standards.

Starknet has also introduced a unique token to its ecosystem. This token can be used to pay transaction fees, participate in the StarNet protocol, and participate in governance processes. In addition, Starknet also provides the ability to create Starknet application chains, which are customized instances of Starknet designed to meet the needs of a specific application or set of applications. These application chains allow customizing network configurations and integrating different functions while benefiting from the powerful throughput and security features of the interstellar network.

Starknet is a powerful second-layer solution that enhances Ethereum with superior scalability, a unique token ecosystem, and a vibrant DeFi environment. While promoting DeFi growth through strategic initiatives such as diversifying protocols and airdrops, Starknet also faces challenges related to centralization and the nuanced application of zkSTARKs. It should be noted that the Starknet chain is still in the development stage, so investors should still be cautious when choosing to invest in cryptocurrencies on the chain and always pay attention to market developments.

The above is the detailed content of What are the coins on the Starknet chain? Starknet ecological currency inventory. For more information, please follow other related articles on the PHP Chinese website!