Check Today's Crypto Market:
Bittime - Starknet, a major player in the blockchain industry, recently announced the launch of StarkGate 2.0 on mainnet. This update brings a variety of new features aimed at improving the user experience and security for StarkGate users.
Also read: What is Star Atlas (ATLAS)? Exploring the Blockchain Gaming Metaverse
Advanced Withdrawal Features and Security Measures in StarkGate 2.0
StarkGate 2.0 introduces several key features for developers and users. One such feature is one-click withdrawal, which simplifies the process of withdrawing bridge assets to the Ethereum mainnet.
Withdraw with One Click
Previously, users had to go through a complicated two-step procedure, but now withdrawals can be completed smoothly with just one click, thanks to the service developed by SpaceShard.
Withdraw Limit
In addition to one-click withdrawals, StarkGate 2.0 also introduces withdrawal limits as a security measure. With Total Value Locked (TVL) continuing to grow, it is critical to have a mechanism that can protect user funds in the case of critical bugs.
The new withdrawal limit strategy combines manual and automatic detection techniques to freeze withdrawals when necessary, allowing a designated team to investigate and resolve issues with minimal impact to users.
Newly Released Q2 2024
Although fast withdrawals are not yet live but are scheduled for release in Q2 2024, they are another interesting addition to StarkGate's features. Fast withdrawals will allow users to access their funds in ETH directly, bypassing the usually time-consuming L1 finalization process.
This improvement was achieved through the integration of the fast withdrawal portal into StarkGate, offering users a choice of trusted fast withdrawal services.
Also Read How To Buy Crypto:
Innovative Bridging and Unlimited Deposits in StarkGate 2.0
StarkGate 2.0 also introduces permissionless bridge creation, addressing a limitation in previous versions where only partially preconfigured tokens were supported. Now, developers can add ERC-20 tokens to StarkGate without requiring prior configuration, enabling a more inclusive ecosystem for protocols on Starknet such as automated market makers (AMM).
Also read : What is Automated Market Maker AMM in DeFi?
Additionally, this update brings smart deposit functionality to StarkGate, allowing users to deposit funds directly from Ethereum to the Starknet application's ERC-20 balance.
This feature eliminates the need for users to create separate Starknet accounts and bridges their assets, simplifying the registration process for Ethereum users interested in accessing Starknet applications.
Check Crypto Prices Today:
Conclusion
StarkGate 2.0 is an important milestone for Starknet, with new features that improve security, usability, and accessibility for developers and users. As the platform continues to develop, stakeholders are expected to explore the full capabilities offered by StarkGate and contribute to shaping its future direction.
How to Buy Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read Also
Bitcoin Price Today Touched 59 Thousand USD, Is It Too Late to Buy BTC?
Staking Solana: How to Support the Network and Reap Rewards
What is USDT? The Stablecoin that Dominates Despite Full of Controversy
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.