The developers of the L2 project Starknet have introduced the Snapshot X protocol, built on its platform. It enables on-chain voting without gas costs, reports Cointelegraph.
This initiative aims to facilitate governance in decentralized organizations with reduced expenses and enhanced security.
“Those eligible to vote in DAOs will no longer have to pay gas fees to cast their votes. Some have had to spend over $10 — a true departure from democracy,” commented Eli Ben-Sasson, CEO of StarkWare and board member of the Starknet Foundation.
Snapshot X employs Starknet and storage proofs to ensure gas-free voting, allowing users to verify asset ownership without transferring them.
According to COO of Snapshot Labs, Jeremy Musighi, the protocol features a modular design offering “customizable, trustless, and decentralized voting.”
On September 10, the Starknet community will be the first to utilize Snapshot X. STRK holders will consider a proposal regarding the integration of token emission mechanisms and parameter adjustments—essential components of staking. The Starknet Governance Hub will assist in conducting the vote.
Back in August, the Starknet team introduced a mechanism for the simultaneous execution of multiple transactions.
In June, ForkLog reported on StarkWare’s ambition to make the L2 network a unified scaling layer for the leading cryptocurrency alongside Ethereum.