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

Getty Images Stock Trading Suspended by NYSE

The New York Stock Exchange has suspended trading of Getty Images stock as of September 29, 2023, due to the company's ongoing financial issues and significant debt.

user avatarJacob Williams

Getty Images Faces Bankruptcy Risks Amid Rescue Financing Talks

Getty Images is in confidential discussions with lenders for a rescue financing deal, which may lead to bankruptcy and a lender takeover.

user avatarZainab Kamara

Tavus Launches Griffin, a Revolutionary AI for Human Interaction

Tavus introduces Griffin, an AI model that convincingly simulates human conversation during live video calls.

user avatarAyman Ben Youssef

Griffin Outshines Previous AI Models in Live Conversation Tests

Griffin outperforms its predecessor GriffinLite and other AI models in live conversation tests.

user avatarSon Min-ho

Dolphin Token Listed on Upbit with Three Trading Pairs

Dolphin (POD) has been officially listed on Upbit, one of South Korea's leading cryptocurrency exchanges, with three trading pairs: KRW, BTC, and USDT.

user avatarNguyen Van Long

Optimism Releases Opnode Update to Enhance Sequencer Performance

Optimism has launched a new opnode update aimed at improving the performance of sequencers and preventing configuration errors from causing upgrade issues.

user avatarTando Nkube

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.