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Starknet announces first phase of staking

Author: Content Editor
Starknet, a zero-knowledge rollup layer 2 network, has begun the first phase of staking as it progresses towards becoming a fully decentralized proof-of-stake network. The platform aims to complete staking on its layer 2 network by the end of the year. Both the testnet and mainnet for the first phase are expected to launch in the fourth quarter of 2024. The staking process follows a community governance vote that passed earlier this month, introducing Starknet's token-minting curve and setting the stage for the launch of staking rewards. The platform's phased staking model aims to incorporate more complex functionalities such as real-time attestations and full sequencing and proving.

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