Snapshot X Launched: Gas-Free Voting Powered by Starknet Technology

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Snapshot X Announcement
  2. Snapshot X Technology and Features
  3. First Vote on Snapshot X


    4. Snapshot X, a governance platform for decentralized autonomous organizations (DAOs), has officially launched. This new Layer 2-based protocol enables onchain voting without high fees. Powered by Starknet’s roll-up technology, it aims to improve the voting process in blockchain projects.

    Snapshot X Announcement

    Snapshot X, a governance platform for DAOs, enables gas-free voting. Developed by Snapshot Labs, this Layer 2 protocol leverages Starknet's roll-up technology to simplify and reduce the costs of voting in blockchain projects, avoiding traditional expenses and complexities.

    Snapshot X Technology and Features

    Snapshot X uses scaling and storage proofs from StarkWare, the main developer of Starknet. This technology allows secure voting across different blockchains without the need to transfer tokens or rely on third-party intermediaries. Storage proofs ensure cryptographic verification of user assets, guaranteeing secure and tamper-proof voting processes.

    First Vote on Snapshot X

    The first vote on Snapshot X will take place from September 10-13, where Starknet community members will decide on a staking proposal. Voting will take place on the Starknet Governance Hub through a custom-built interface, marking the protocol’s debut in live governance.

    For the first time, DAOs can offer free onchain voting to their communities, promoting greater inclusivity and participation in decentralized decision-making.Jeremy Musighi, COO of Snapshot Labs

    The launch of Snapshot X marks a significant step toward improving DAO governance and decentralized decision-making. Leveraging Starknet technology, the platform offers secure, efficient, and free voting, making it an appealing tool for various blockchain projects.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Cardano's Leios Scaling Plan Unveiled

Cardano has unveiled a detailed roadmap for its Leios scaling plan, targeting significant increases in transaction capacity with a staged approach for adjustments based on real-world performance.

user avatarKofi Adjeman

Cardano's New Scaling Test Reveals Key Performance Metrics

A recent report by Input Output highlights the performance improvements of the Cardano scaling test, focusing on throughput and completion time.

user avatarSatoshi Nakamura

Crypto Market Declines Following Global Selloff

The crypto market faced a significant decline over the weekend, with Bitcoin falling 11%, Ethereum dropping 26%, and Solana decreasing by 28%, following a global market selloff.

user avatarNguyen Van Long

Cardano Developers Launch Public Test Network for Dijkstra Upgrade

Cardano developers have launched a public test network for the Dijkstra upgrade, enabling developers to test and prepare for new protocol rules.

user avatarJesper Sørensen

Tether Introduces New Framework to Enhance Bitcoin Mining Operations

Tether has announced a new initiative aimed at simplifying Bitcoin mining operations by integrating existing equipment through a common software framework.

user avatarRajesh Kumar

Electrum Wallet Vulnerability Could Lead to Unintended Payments

Electrum disclosed a vulnerability in its wallet that could lead to unintended payments due to a flaw in fee adjustments.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.