Cryptocurrency Q&A
What is accepted on L2 Starknet?
What is accepted on L2 Starknet?
CryptoTamer
Sun Sep 22 2024
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5 answers
1083
Could you elaborate on what types of assets or transactions are typically accepted on the L2 Starknet network? Is it solely focused on a specific type of cryptocurrency, or does it support a wide range of digital assets and smart contract functionalities? Additionally, are there any specific restrictions or limitations on what can be transacted on Starknet's L2 solution, and how does it compare to other Layer 2 scaling solutions in terms of compatibility and versatility?
5 answers
Giulia
Tue Sep 24 2024
Transactions processed on the Starknet L2 network undergo a unique validation process. Once a transaction is processed by the Sequencer, it is included in a block on the Starknet layer, marking the initial step towards finality.
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Valeria
Mon Sep 23 2024
The attainment of L2 finality for a transaction signifies that it has been successfully recorded and is considered irreversible within the Starknet ecosystem. This process is integral to maintaining the integrity and security of the network.
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AmyDavis
Mon Sep 23 2024
It is important to note that the finality of L2 transactions relies on the consensus mechanism employed within the Starknet layer. This consensus, facilitated by the Sequencers, ensures that all transactions are validated and accepted by the network in a trustworthy manner.
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SeoulSerenitySeekerPeace
Mon Sep 23 2024
However, despite the robust consensus mechanism in place, there exists a potential risk associated with the finality of L2 transactions. Specifically, collusion among Sequencers could potentially lead to the reversal of transactions, posing a threat to the stability and security of the network.
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CryptoPioneer
Mon Sep 23 2024
BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services to cater to the diverse needs of the cryptocurrency community. Among its offerings, BTCC provides spot trading, futures trading, and a secure wallet service, enabling users to seamlessly manage their digital assets.
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