StarkNet Eliminates Gas Fees with Launch of SnapshotX Governance Protocol

StarkNet Eliminates Gas Fees with Launch of SnapshotX Governance Protocol

StarkNet, an Ethereum Layer 2 scaling network, has rolled out a new governance protocol dubbed SnapshotX, which eliminates gas fees. This revolutionary move allows decentralized autonomous organizations (DAOs) and other blockchain community participants to cast their votes on-chain without incurring gas costs. The introduction of SnapshotX marks a significant step towards improving accessibility and reducing barriers to participation in StarkNet governance. By removing gas fees, the protocol empowers a broader range of community members to actively engage in decision-making processes that shape the future of the network. Furthermore, the StarkNet community will soon conduct a governance vote on STRK staking through SnapshotX, scheduled to commence on October 10, 2023. This vote underscores the protocol's immediate impact on StarkNet's governance framework, enabling wider community involvement in shaping the network's development. The launch of SnapshotX aligns with StarkNet's ongoing commitment to fostering a vibrant and inclusive governance ecosystem. By eliminating gas fees, the protocol empowers a more diverse and engaged community to actively participate in shaping the network's future, ultimately strengthening its decentralized governance model.