MagnetoShield Vault-Guide
What is Shield Vault?Shield Vault is a launchpad that provides professional structured products utilizing option strategies where protocols and makers can issue permissionless on-chain structured products. Shield Vault launchpad allows the projects to strengthen community confidence in a bearish market cost-effectively and enables token holders to restore vitality with a new staking scenario. Shield is building a matrix of SS-Vault, M-Vault and LP-Vaul t products to help token holders.What is...
MagnetoOptimism- Guide
What is Optimism?Optimism is an EVM equivalent Optimistic Rollup chain. It's designed to be fast, simple, and secure.Why use Optimism?The Optimism network lets you send transactions, similar to Ethereum, but with two important advantages, and one feature that stays exactly the same.Near-instant transaction finality. You know almost immediately if your transaction took place or not.Much lower transaction fees. Typically between a 1% and 10% of the cost on the Ethereum mainnet (also known ...
MagnetoAlchemy University-Guide
A. What is Alchemy University?Alchemy University is a free ultimate ecosystem for learning how to build and interact with web3. The goal of Alchemy University is to teach you everything you need to know about Solidity and start building in web3, from hands-on bootcamps to starter code that expedites your workflow. https://university.alchemy.com/B. How do I get access to Alchemy University？Apply first->Claim Early access NFT->Go to coursesa. All Alchemy University courses are invite-only now.Y...
MagnetoShield Vault-Guide
What is Shield Vault?Shield Vault is a launchpad that provides professional structured products utilizing option strategies where protocols and makers can issue permissionless on-chain structured products. Shield Vault launchpad allows the projects to strengthen community confidence in a bearish market cost-effectively and enables token holders to restore vitality with a new staking scenario. Shield is building a matrix of SS-Vault, M-Vault and LP-Vaul t products to help token holders.What is...
MagnetoOptimism- Guide
What is Optimism?Optimism is an EVM equivalent Optimistic Rollup chain. It's designed to be fast, simple, and secure.Why use Optimism?The Optimism network lets you send transactions, similar to Ethereum, but with two important advantages, and one feature that stays exactly the same.Near-instant transaction finality. You know almost immediately if your transaction took place or not.Much lower transaction fees. Typically between a 1% and 10% of the cost on the Ethereum mainnet (also known ...
MagnetoAlchemy University-Guide
A. What is Alchemy University?Alchemy University is a free ultimate ecosystem for learning how to build and interact with web3. The goal of Alchemy University is to teach you everything you need to know about Solidity and start building in web3, from hands-on bootcamps to starter code that expedites your workflow. https://university.alchemy.com/B. How do I get access to Alchemy University？Apply first->Claim Early access NFT->Go to coursesa. All Alchemy University courses are invite-only now.Y...
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https://twitter.com/StarkWareLtd/status/1605206843508559872
StarkNet, a decentralized, permissionless and censorship-resistant STARK-powered L2 ZK-Rollup that supports general-computation over Ethereum. It is based on the Turing-complete Cairo language, built to allow Ethereum to scale via cryptographic protocols called STARKs, without compromising Etheruem’s core principles of decentralization, transparency, inclusivity and security.
Developers, users and StarkNet nodes will be able to do everything one would expect from a permissionless L2 Rollup: Developers may build applications implementing their own business logic and deploy them on StarkNet. Users may send transactions to StarkNet to be executed, just like they interact with Ethereum today. StarkNet nodes and participants will be crypto-economically incentivized to ensure the network operates efficiently and fairly.
All StarkNet transactions will be periodically batched, and their validity will be proven in a STARK proof, to be verified on Ethereum. As the computational effort required to verify STARK proofs is exponentially small compared to the computation proven, StarkNet will scale Ethereum by orders of magnitude.
Since all StarkNet state transitions will be STARK-proven, only valid ones will be accepted on Ethereum. All data required to reconstruct the full StarkNet state will be published on-chain. Anyone will be able to run their own StarkNet node. These properties will make StarkNet as secure and permissionless as Ethereum.
The current rollup architecture is in theory able to handle a higher throughput at a lower cost than Ethereum but at the cost of an increased delay for finality (settlement). The team is still trying to decrease that.
https://www.cairo-lang.org/docs/hello_starknet/index.html#hello-starknet
StarkNet is the only zk-rollup that allows for the creation of composable L2 smart contracts and thus can be considered to be “universal”. StarkNet uses the Cairo programming language both for its infrastructure and for writing StarkNet contracts. The downside is that Cairo makes the learning curve steep. Fortunately a project exists that allows for the transpilation of Solidity code into Cairo, making it easy to deploy dapps already available on Ethereum on this layer 2.
For more information:
https://david-barreto.com/the-three-paths-for-smart-contract-scalability/
https://david-barreto.com/starknets-architecture-review/#more-4602
https://consensys.net/blog/blockchain-explained/zero-knowledge-proofs-starks-vs-snarks/
Cairo is their Turing-Complete High-Level Language & framework for producing STARK proofs for general computation. Instead of hand-crafting complex “circuits” or AIRs, an application developer may use Cairo to define any business logic, have it proven off-chain, and verified on-chain. Cairo is in production on Mainnet, and is also available to developers.
For more information:
https://www.cairo-lang.org/docs/hello_cairo/index.html
https://perama-v.github.io/cairo/intro/
David Barreo: Current mobile wallets can’t be considered “cold wallets” because they can’t sign transactions using your smartphone’s dedicated hardware for cryptography. StarkNet’s account abstraction unleashes the power of your smartphone and turns it into a true hardware wallet.
Most smartphones have dedicated hardware to generate private keys, store them and sign transactions with. Apple has Secure Enclave, Samsung has Knox, Google has Titan M and other smartphones have ARM TrustZone. The problem? None of them support Ethereum’s elliptic curve.
Ethereum expects EOAs to sign every transaction using a very particular elliptic curve known as “secp256k1”. Signature verification is embedded deep into Ethereum’s protocol so the chosen elliptic curve is fixed.
Because Ethereum’s elliptic curve is not the one chosen by smartphone vendors, mobile wallets have to rely on software to sign transactions making them less secure. This is why current mobile wallets can’t be classified as “cold” wallets.
StarkNet supports multiple elliptic curves because signature verification is programmable at the user account level. Smartphones can now sign transactions using their dedicated hardware turning your phone into a cold wallet, just like your Ledger. Copied from David Barreto’s twitter
https://twitter.com/barretodavid/status/1563584823884935168
For more information:
https://hackmd.io/@s0lness/BJUb16Yo9#Final-thoughts
STARK technology is mature and secure, but StarkNet has not achieved the status of a public good like Ethereum or the Internet. For StarkNet to reach this goal, its governance, operation and development must continue to decentralize. This will be facilitated through two mechanisms: the StarkNet Foundation and the StarkNet Token. In order to committing to furthering StarkNet’s decentralization, the following four principles are used for guiding the change:
As a non-profit, the Foundation’s mission will be to maintain StarkNet as a public good — a commodity or service that is made available to all members of society. StarkNet is permissionless infrastructure that should be available to all. It must be well maintained in order to be safe and efficient for public usage. It also must not discriminate between users. The Foundation will be funded by a one-time grant of StarkNet Tokens. It will encourage the development of bottom-up mechanisms for community decision-making on essential technological questions, such as protocol updates, dispute resolution, and public goods funding.
The StarkNet Token is needed to operate the ecosystem, maintain and secure it, decide on its values and strategic goals, and direct its evolution. This token will be required for (i) governance, (ii) payment of transaction fees on StarkNet, and (iii) participation in StarkNet’s consensus mechanism. The team have minted an initial ten billion tokens which are being allocated to Core Contributors of the StarkNet ecosystem including StarkWare and StarkWare’s investors, to StarkNet’s developer partners, and to the Foundation. StarkNet fees will be paid only in this token, while ensuring good user experience for users interested in paying fees in ETH. Later still, automatic minting of additional StarkNet Tokens will commence, (i.e., the number of circulating tokens will be greater than ten billion). The StarkNet Token model emphasizes compensating developers for their work. A portion of new minting and transaction fees — fees assessed for use of StarkNet — will be granted to core infrastructure developers and smart contract developers for the work they have done to design and launch the protocol, in addition to compensating StarkNet operators for the work they have done to operate it.
What will the token be used for?
The token will be the mechanism for operating the network (fees), maintaining and securing the network (consensus participation), and deciding on its values and strategic goals (governance).
Is there a way to receive StarkNet Tokens?
StarkNet Token allocation and its fee market and new minting design give precedence to developers of core infrastructure and dApps, as well as others contributing to the ecosystem’s security and health. If you are a developer and you already wrote software for either StarkNet infrastructure, or for a smart contract, that are genuinely valued and used by StarkNet end users, then you can expect to receive tokens automatically through the protocol. One of the many safeguards against gamification of this mechanism is that fees received by developers will be strictly less than fees paid by users. Developers may also receive token grants for work done to develop, test and maintain the StarkNet protocol. Any such grants will be determined in due course by the Foundation in accordance with its mission. If you are a blockchain developer who believes that StarkNet is the answer to Ethereum’s scaling needs, we encourage you to learn more about StarkNet and its programming language, Cairo, and to start developing your own smart contracts. If you are an end user, use StarkNet — but only as it serves your needs today. Use it for those transactions and applications that you value, not in expectation of any future reward of StarkNet Tokens. When Community Provisions are announced, they will refer only to snapshots that have occurred previous to the announcement date, and will filter and exclude usage that is deemed by it to be an abuse and gamification of the network, based on the information available at that point in time. When Community Rebates are instituted, they will never apply to transactions that occurred before the rebate was announced, so transacting today in anticipation of a future rebate is futile.
Why another token, can’t you use Eth?
A native token that rewards members of the community who develop the network will advance the ecosystem to a degree that use of a non-native token will not. Also, if the token is non-native, economic shocks from decisions made in other ecosystems might impact StarkNet’s service and its users and providers.
Do I need StarkNet tokens to use StarkNet?
Currently, no. Fees in StarkNet are now paid in Ether (ETH). But later on, the team anticipate fees will be paid exclusively with the native StarkNet Token. To support good user experience, automated and decentralized on-chain mechanisms will allow users to pay fees in ETH.
What is the process for adding the token to my wallet?
The StarkNet Token is not yet on-chain. It cannot be added to your wallet at this stage.
Where is the official site for purchasing StarkNet tokens? T
Here is no StarkNet Token sale. Beware of scams.
Where and when can I buy tokens?
The StarkNet token is not yet on-chain and even when it goes on-chain。Most tokens will be locked for a duration of at least one year from that date. No public sale of tokens is planned by StarkWare. Beware of scams posing to sell StarkNet Tokens.
Why can’t I find StarkNet tokens on my favorite local crypto exchange?
First, the StarkNet token is not yet on-chain. Second, decisions to list tokens are made by individual exchanges and StarWare is not working with exchanges or offering any tokens to exchanges. Beware of scams posing as starknet token sales.
Is there a lock-up period for the Tokens? Why?
To align long-term incentives of the Core Contributors and Investors with the interests of the StarkNet community, and following common practice in decentralized ecosystems, all tokens allocated to Core Contributors and Investors will be subject to a 4-year lock-up period, with linear release and a one-year cliff.
Twitter:
StarkWare
https://twitter.com/StarkWareLtd
StarkNET Edu
https://twitter.com/Starknet_edu
Discord:
Web:
Starknet tutorials:
https://github.com/starknet-edu/
Source from StarkNet Medium, StarkNet Discord, Twitter.
https://twitter.com/StarkWareLtd/status/1605206843508559872
StarkNet, a decentralized, permissionless and censorship-resistant STARK-powered L2 ZK-Rollup that supports general-computation over Ethereum. It is based on the Turing-complete Cairo language, built to allow Ethereum to scale via cryptographic protocols called STARKs, without compromising Etheruem’s core principles of decentralization, transparency, inclusivity and security.
Developers, users and StarkNet nodes will be able to do everything one would expect from a permissionless L2 Rollup: Developers may build applications implementing their own business logic and deploy them on StarkNet. Users may send transactions to StarkNet to be executed, just like they interact with Ethereum today. StarkNet nodes and participants will be crypto-economically incentivized to ensure the network operates efficiently and fairly.
All StarkNet transactions will be periodically batched, and their validity will be proven in a STARK proof, to be verified on Ethereum. As the computational effort required to verify STARK proofs is exponentially small compared to the computation proven, StarkNet will scale Ethereum by orders of magnitude.
Since all StarkNet state transitions will be STARK-proven, only valid ones will be accepted on Ethereum. All data required to reconstruct the full StarkNet state will be published on-chain. Anyone will be able to run their own StarkNet node. These properties will make StarkNet as secure and permissionless as Ethereum.
The current rollup architecture is in theory able to handle a higher throughput at a lower cost than Ethereum but at the cost of an increased delay for finality (settlement). The team is still trying to decrease that.
https://www.cairo-lang.org/docs/hello_starknet/index.html#hello-starknet
StarkNet is the only zk-rollup that allows for the creation of composable L2 smart contracts and thus can be considered to be “universal”. StarkNet uses the Cairo programming language both for its infrastructure and for writing StarkNet contracts. The downside is that Cairo makes the learning curve steep. Fortunately a project exists that allows for the transpilation of Solidity code into Cairo, making it easy to deploy dapps already available on Ethereum on this layer 2.
For more information:
https://david-barreto.com/the-three-paths-for-smart-contract-scalability/
https://david-barreto.com/starknets-architecture-review/#more-4602
https://consensys.net/blog/blockchain-explained/zero-knowledge-proofs-starks-vs-snarks/
Cairo is their Turing-Complete High-Level Language & framework for producing STARK proofs for general computation. Instead of hand-crafting complex “circuits” or AIRs, an application developer may use Cairo to define any business logic, have it proven off-chain, and verified on-chain. Cairo is in production on Mainnet, and is also available to developers.
For more information:
https://www.cairo-lang.org/docs/hello_cairo/index.html
https://perama-v.github.io/cairo/intro/
David Barreo: Current mobile wallets can’t be considered “cold wallets” because they can’t sign transactions using your smartphone’s dedicated hardware for cryptography. StarkNet’s account abstraction unleashes the power of your smartphone and turns it into a true hardware wallet.
Most smartphones have dedicated hardware to generate private keys, store them and sign transactions with. Apple has Secure Enclave, Samsung has Knox, Google has Titan M and other smartphones have ARM TrustZone. The problem? None of them support Ethereum’s elliptic curve.
Ethereum expects EOAs to sign every transaction using a very particular elliptic curve known as “secp256k1”. Signature verification is embedded deep into Ethereum’s protocol so the chosen elliptic curve is fixed.
Because Ethereum’s elliptic curve is not the one chosen by smartphone vendors, mobile wallets have to rely on software to sign transactions making them less secure. This is why current mobile wallets can’t be classified as “cold” wallets.
StarkNet supports multiple elliptic curves because signature verification is programmable at the user account level. Smartphones can now sign transactions using their dedicated hardware turning your phone into a cold wallet, just like your Ledger. Copied from David Barreto’s twitter
https://twitter.com/barretodavid/status/1563584823884935168
For more information:
https://hackmd.io/@s0lness/BJUb16Yo9#Final-thoughts
STARK technology is mature and secure, but StarkNet has not achieved the status of a public good like Ethereum or the Internet. For StarkNet to reach this goal, its governance, operation and development must continue to decentralize. This will be facilitated through two mechanisms: the StarkNet Foundation and the StarkNet Token. In order to committing to furthering StarkNet’s decentralization, the following four principles are used for guiding the change:
As a non-profit, the Foundation’s mission will be to maintain StarkNet as a public good — a commodity or service that is made available to all members of society. StarkNet is permissionless infrastructure that should be available to all. It must be well maintained in order to be safe and efficient for public usage. It also must not discriminate between users. The Foundation will be funded by a one-time grant of StarkNet Tokens. It will encourage the development of bottom-up mechanisms for community decision-making on essential technological questions, such as protocol updates, dispute resolution, and public goods funding.
The StarkNet Token is needed to operate the ecosystem, maintain and secure it, decide on its values and strategic goals, and direct its evolution. This token will be required for (i) governance, (ii) payment of transaction fees on StarkNet, and (iii) participation in StarkNet’s consensus mechanism. The team have minted an initial ten billion tokens which are being allocated to Core Contributors of the StarkNet ecosystem including StarkWare and StarkWare’s investors, to StarkNet’s developer partners, and to the Foundation. StarkNet fees will be paid only in this token, while ensuring good user experience for users interested in paying fees in ETH. Later still, automatic minting of additional StarkNet Tokens will commence, (i.e., the number of circulating tokens will be greater than ten billion). The StarkNet Token model emphasizes compensating developers for their work. A portion of new minting and transaction fees — fees assessed for use of StarkNet — will be granted to core infrastructure developers and smart contract developers for the work they have done to design and launch the protocol, in addition to compensating StarkNet operators for the work they have done to operate it.
What will the token be used for?
The token will be the mechanism for operating the network (fees), maintaining and securing the network (consensus participation), and deciding on its values and strategic goals (governance).
Is there a way to receive StarkNet Tokens?
StarkNet Token allocation and its fee market and new minting design give precedence to developers of core infrastructure and dApps, as well as others contributing to the ecosystem’s security and health. If you are a developer and you already wrote software for either StarkNet infrastructure, or for a smart contract, that are genuinely valued and used by StarkNet end users, then you can expect to receive tokens automatically through the protocol. One of the many safeguards against gamification of this mechanism is that fees received by developers will be strictly less than fees paid by users. Developers may also receive token grants for work done to develop, test and maintain the StarkNet protocol. Any such grants will be determined in due course by the Foundation in accordance with its mission. If you are a blockchain developer who believes that StarkNet is the answer to Ethereum’s scaling needs, we encourage you to learn more about StarkNet and its programming language, Cairo, and to start developing your own smart contracts. If you are an end user, use StarkNet — but only as it serves your needs today. Use it for those transactions and applications that you value, not in expectation of any future reward of StarkNet Tokens. When Community Provisions are announced, they will refer only to snapshots that have occurred previous to the announcement date, and will filter and exclude usage that is deemed by it to be an abuse and gamification of the network, based on the information available at that point in time. When Community Rebates are instituted, they will never apply to transactions that occurred before the rebate was announced, so transacting today in anticipation of a future rebate is futile.
Why another token, can’t you use Eth?
A native token that rewards members of the community who develop the network will advance the ecosystem to a degree that use of a non-native token will not. Also, if the token is non-native, economic shocks from decisions made in other ecosystems might impact StarkNet’s service and its users and providers.
Do I need StarkNet tokens to use StarkNet?
Currently, no. Fees in StarkNet are now paid in Ether (ETH). But later on, the team anticipate fees will be paid exclusively with the native StarkNet Token. To support good user experience, automated and decentralized on-chain mechanisms will allow users to pay fees in ETH.
What is the process for adding the token to my wallet?
The StarkNet Token is not yet on-chain. It cannot be added to your wallet at this stage.
Where is the official site for purchasing StarkNet tokens? T
Here is no StarkNet Token sale. Beware of scams.
Where and when can I buy tokens?
The StarkNet token is not yet on-chain and even when it goes on-chain。Most tokens will be locked for a duration of at least one year from that date. No public sale of tokens is planned by StarkWare. Beware of scams posing to sell StarkNet Tokens.
Why can’t I find StarkNet tokens on my favorite local crypto exchange?
First, the StarkNet token is not yet on-chain. Second, decisions to list tokens are made by individual exchanges and StarWare is not working with exchanges or offering any tokens to exchanges. Beware of scams posing as starknet token sales.
Is there a lock-up period for the Tokens? Why?
To align long-term incentives of the Core Contributors and Investors with the interests of the StarkNet community, and following common practice in decentralized ecosystems, all tokens allocated to Core Contributors and Investors will be subject to a 4-year lock-up period, with linear release and a one-year cliff.
Twitter:
StarkWare
https://twitter.com/StarkWareLtd
StarkNET Edu
https://twitter.com/Starknet_edu
Discord:
Web:
Starknet tutorials:
https://github.com/starknet-edu/
Source from StarkNet Medium, StarkNet Discord, Twitter.
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