Starknet Launches Gas-Free Governance Protocol Snapshot X

Quick Summary:

Starknet, an Ethereum layer-2 scaling solution, has introduced Snapshot X, a new governance protocol that eliminates gas fees for on-chain voting, according to Cointelegraph.

This new system is designed to empower participants in decentralized autonomous organizations (DAOs) and other blockchain communities to vote without paying gas fees, making the governance process more accessible and inclusive.

Historically, gas fees have been a deterrent for smaller token holders, making it difficult for them to participate in governance decisions.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: StarkNet Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 14:36:19 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22426706

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