Starknet's latest release, version v0.13.1.1, brings a major reduction to the class declaration fee by 30 times.
In Brief
Taking user input into account, Starknet has significantly reduced the class declaration fee in its latest v0.13.1.1 update, making it 30 times lower than before.
Ethereum Layer 2 blockchain Starknet In light of user feedback, Starknet has made a significant change to its class declaration fees with the rollout of v0.13.1.1, reducing it by 30 times. The Sepolia testnet is set for deployment on April 8th, with the mainnet launch planned for April 15th, according to the schedule laid out for upgrades.
Starknet has stressed the need for all full node operators to upgrade their setups without delay. Both Juno v0.11.4 and Pathfinder v0.11.5 are compliant with Starknet v0.13.1.1, paving the way for an effortless upgrade experience for users.
Starknet is a zero-knowledge rollup Targeted for Ethereum, Starknet operates as a Layer 2 blockchain, enabling decentralized applications (dApps) to meet their scalability requirements while preserving Ethereum's core functions of interoperability and security.
Starknet's main aim is to create a secure and cost-efficient ecosystem. transactions This is achieved while ensuring high performance through its innovative cryptographic proof system. STARK Starknet’s smart contracts and its operating framework are written in Cairo, a unique programming language tailored specifically for this blockchain environment.
Starknet recently laid out its ambitious roadmap for 2024, planning to implement parallel transactions aimed at enhancing throughput. This upgrade is set for the second quarter and will allow Starknet to process a larger number of transactions at once, significantly increasing its overall capacity.
Starknet Rollout of Advanced v3 Transactions Aims to Improve User Experience.
The new v3 transactions come with several enhancements, including a fee market that streamlines the transaction process, especially useful during times of network congestion. Additionally, it features volition mode to help cut down on data availability costs, and a paymaster system that allows third parties to cover transaction fees. There’s also nonce generalization, which gives users the ability to send multiple transactions simultaneously through different channels. Starknet Users have the flexibility to cover transaction fees using either ETH or other options. STRK .
In the previous Starknet v0.13.0 update, there was a 50% reduction in Cairo step or built-in costs across the board, along with a consistent 240 gas discount per transaction and a 312 gas discount for each contract modification.
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