Binance Announces Listing of Starknet (STRK)

Binance will list StarkNet (STRK) and is scheduled to open trading for these spot trading pairs on 2024-02-20 at 12:00 (UTC).

Binance Announces Listing Of Starknet (strk)_65d5e27e21571.webp

Binance will list StarkNet (STRK) and is scheduled to open trading for these spot trading pairs on 2024-02-20 at 12:00 UTC.

The newly added spot trading pairs are: STRK/BTC, STRK/USDT, STRK/FDUSD, and STRK/TRY.

Users can commence STRK deposits immediately, while STRK withdrawals are expected to open on 2024-02-21 at 12:00 UTC.

Listing fee for STRK: 0 BNB

Note: Withdrawal opening times are estimates. Users can check the actual withdrawal status on Binance’s withdrawal page.

Binance listing strk
Binance listing strk

Overview

STRK functions as a permissionless, Validity-Rollup, commonly referred to as a zero-knowledge rollup (ZK rollup) designed for Ethereum. Positioned as a Layer 2 (L2) blockchain, it empowers any decentralized application (dApp) to achieve extensive computational scale without compromising the composability and security inherent in Ethereum.

Starknet aims to facilitate secure, cost-effective transactions and high performance through the utilization of the STARK cryptographic proof system. The programming language for STRK contracts and the STRK OS is Cairo, a purpose-built, specialized language.

interface strk
interface strk

Scaling Ethereum with Starknet

Blockchains aspire to maintain three fundamental attributes: security, decentralization, and scalability. Within the blockchain landscape, a well-recognized trilemma asserts that achieving all three simultaneously is challenging, often requiring a compromise on one. Ethereum prioritizes security and decentralization, impacting its scalability. The growth in Ethereum user numbers results in sluggish transaction speeds and elevated gas prices, impeding widespread adoption.

The challenge becomes clear: how can Ethereum achieve scalability without sacrificing security and decentralization? Enter Starknet’s Validity Rollup. By integrating Ethereum with Starknet, significant scalability is attainable.

Related: Disappearance of Nearly 2,000 Starknet Airdrop Participants

STRK achieves scalability by relocating transaction processing off the Ethereum Mainnet (referred to as off-chain) while maintaining a condensed summary of the transactions on-chain. Transactions are organized into blocks, processed off-chain, and then summarized into a singular on-chain transaction. As these transactions occur off-chain, ensuring their integrity and execution without re-execution is crucial.

Starknet addresses this challenge by employing STARK (Scalable, Transparent ARgument of Knowledge) proofs for verifiable computation. Starknet transmits only essential information about the block and the proof to Ethereum, where it undergoes verification with minimal computational effort.

(100 votes)

5.0/5

(100 votes)

Latest

Investors In Panic, Binance Flooded With Sell Orders

News | Altcoin | Editor Choice

Investors in Panic, Binance Flooded with Sell Orders

After a historic crash that wiped out more than $19 billion in market capitalization within hours, the crypto market is still struggling to recover. Fresh data from CryptoQuant reveals a deepening wave of pessimism across Binance, as traders rush to deposit funds and trigger massive sell orders.

Binance Launches $45 Million Bnb Airdrop To Rescue Memecoin Traders

News | Altcoin | Editor Choice | Memecoin

Binance Launches $45 Million BNB Airdrop to Rescue Memecoin Traders

Amid a historic crypto crash that wiped out over $20 billion in value, Binance has launched a $45 million BNB airdrop to rescue tens of thousands of memecoin traders caught in the largest liquidation wave in history.

Strong Buying Momentum Pushes Bnb To New All Time High

News | Altcoin | Editor Choice

Strong Buying Momentum Pushes BNB to New All-Time High

A massive $96 million inflow into BNB has reignited market optimism, as analysts believe Binance’s native token is entering a strong accumulation phase before potentially breaking to new highs.

The Whale Who Made $192 Million Shorting The Crypto Crash Is At It Again

News | Altcoin | Editor Choice

The Whale Who Made $192 Million Shorting the Crypto Crash Is at It Again

A notorious whale on Hyperliquid — who previously made $192 million by perfectly timing last week’s crash — is back with another massive short, sparking fears that Bitcoin could be on the verge of another steep decline.

Whales Dump Xrp As $50 Million Floods Out Daily

News | Altcoin | Editor Choice

Whales Dump XRP as $50 Million Floods Out Daily

The relentless sell-off of XRP by crypto whales is shaking the market, with $50 million worth of tokens dumped daily, dragging prices lower and sparking fears of a deeper bearish cycle ahead.

Screenshot 2025 09 10 100533