Starknet Governance: Snapshot DAO Embraces Layer 2 Rollup Solutions

Monday, 9 September 2024, 09:30

Starknet's Snapshot DAO governance has officially moved on-chain, utilizing starkware innovations for a decentralized autonomous organization (DAO). With proven storage proofs, this layer 2 solution promises enhanced efficiency and transparency. The transition signifies a robust commitment to advancing decentralized governance within the cryptocurrency sector.
Coindesk
Starknet Governance: Snapshot DAO Embraces Layer 2 Rollup Solutions

Starknet's On-Chain Transition

Starknet has integrated Snapshot into its infrastructure, revolutionizing DAO governance. The choice of this layer 2 solution illustrates a shift in how decentralized autonomous organizations (DAOs) conduct their voting processes. By leveraging starkware's proof innovations and storage proofs, the platform ensures high integrity and streamlined operations.

Advantages of On-Chain Governance

  • Transparency: Voting records are permanently stored and auditable.
  • Easier Participation: Stakeholders can engage effortlessly in governance decisions.
  • Security: The use of cryptographic proofs ensures a high level of integrity.

This move represents a significant milestone in the quest for effective digital governance. As more platforms adopt similar model frameworks, the potential for a more democratic ecosystem in decentralized finance (DeFi) continues to expand.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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