Starknet

Starknet has enhanced the <a href="https://governance.starknet.io/voting-proposals/5" rel="noopener noreferrer nofollow">network governance</a>, and the decision-making process, including the proposal of a new staking mechanism. The latest voting was conducted on Snapshot X, a decentralized platform, in which the majority of voters supported the given amendment. However, it is noteworthy that only 0.08% of registered voters cast their vote in favour, while 0.45% abstained, and 0.61% opposed the initiative.New Staking FeatureThis staking feature has been <a href="https://community.starknet.io/t/snip-18-staking-s-first-stage-on-starknet/114334" rel="noopener noreferrer nofollow">approved</a> and will go live in the fourth quarter of this year. Users staking over 20,000 STRK on the network must do so to provide security and increase participation. This is intended to expand the ecosystem by incentivising token holders to be active while contributing to the overall health and security of Starknet as an infrastructure.Minting Mechanism ApprovedMinting was also approved during the voting process. This preserves the stability of <a href="https://cryptotale.org/cardano-staking-hoskinson-refutes-token-locking-claims/" rel="noopener noreferrer nofollow">staking</a> rewards and the proper function of inflation mechanisms, which don’t diminish due to user token rewards. Staking and minting are a two-fold solution that ensures the sustainability of the network and the preservation of its tokens.<a href="https://cryptotale.org/starknet-launches-new-staking-and-major-network-upgrades/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Starknet Launches New Staking and Major Network Upgrades

CryptoTale

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