Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list STRK (Starknet) on Feb 21, 2024. The details are as follows.
List Time
1. Deposit: 10:00 on Feb 21 (UTC)
2. Withdrawal: 10:00 on Feb 22 (UTC)
3. Trading pair: STRK/USDT
4. Opening method: Call Auction
a. Call Auction
11:00-11:50 Feb 21 (UTC)
Orders can be placed and canceled
11:50-12:00 Feb 21 (UTC)
Orders can be placed but cannot be canceled
b. Trading
12:00 Feb 21 (UTC)
About STRK
STARKs (Scalable, Transparent ARgument of Knowledge) are a proof system that enables the proving and verification of computations. It allows processing a big computation, generating a proof for the computation’s correctness, and then verifying the proof in very few steps.
STARKs can play a key role in blockchain scalability by allowing large computations to be done off-chain, where it is cheaper, leaving only the verification, which requires a fraction of the computation, to be done on-chain. In other words, by performing very few steps on-chain, the verifier asserts the integrity of a much larger computation that was done off-chain.
Using STARKs, layer 2 solutions batch together and compute thousands of transactions, and then verify their validity on-chain with a single STARK proof. The cost of the on-chain process is split between all transactions in the batch. This results in Ethereum security and low gas cost per transaction.
The low computational cost will usher in a new class of applications that were previously not feasible on-chain. These properties make STARKs an excellent building block for improving user experience and reducing gas costs, all while maintaining the security of the Ethereum settlement layer.
StarkWare provides two solutions to scale Ethereum with STARKs: StarkEx and StarkNet.
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the final interpretation of this announcement.
CoinEx Team
Feb 21, 2024
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