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

Bnb Sets New All Time High After Surging 21% In A Week

News | Altcoin | Editor Choice

BNB Sets New All-Time High After Surging 21% in a Week

After surging 21% in just a week, BNB has soared to a new all-time high, capturing the spotlight as the cryptocurrency market rallies.

Crypto Whales Intensify Activity In Uptober As Market Cap Surpasses $4 Trillion

News | Altcoin | Editor Choice

Crypto Whales Intensify Activity in Uptober as Market Cap Surpasses $4 Trillion

The global cryptocurrency market kicked off “Uptober” with renewed enthusiasm as total capitalization surpassed $4 trillion, while whale activity surged — hinting at strategic moves across Bitcoin, Ethereum, and key altcoins amid growing market volatility.

Binance Hits Record Altcoin Trading Volume As Altseason Heats Up

News | Altcoin | Editor Choice

Binance Hits Record Altcoin Trading Volume as “Altseason” Heats Up

Binance has set a historic record as altcoins captured 82.3% of total trading volume, signaling a new “altseason” fueled by surging institutional inflows and investor demand for non-Bitcoin tokens.

Kazakhstan Launches National Crypto Reserve Fund, Starting With Bnb

News | Altcoin | Editor Choice

Kazakhstan Launches National Crypto Reserve Fund, Starting with BNB

Kazakhstan is once again making waves in the digital asset sector with the launch of Alem Crypto Fund – a national crypto reserve fund directly backed by the government.

Cz Clarifies Rumors About Involvement With Aster Project

News | Altcoin | Editor Choice

CZ clarifies rumors about involvement with Aster project

Binance founder Changpeng Zhao (CZ) has officially clarified his relationship with Aster, following community rumors that he was directly involved in the project’s development.

Screenshot 2025 09 10 100533