Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Launch of Snapshot X, enabling gas-free on-chain voting via Starknet
ADOPTION NEWS

Launch of Snapshot X, enabling gas-free on-chain voting via Starknet

By Crypto FlexsSeptember 9, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Launch of Snapshot X, enabling gas-free on-chain voting via Starknet
Share
Facebook Twitter LinkedIn Pinterest Email

Governance platform Snapshot X launches today, introducing a new Layer 2-based protocol that enables on-chain voting for decentralized autonomous organizations (DAOs) without associated gas fees.

Utilizing Starknet’s rollup technology, this feature aims to streamline the voting process within blockchain projects by removing the costs that have traditionally hindered participation.

DAOs have traditionally faced a choice between fast, centrally controlled off-chain voting systems and on-chain voting, which adheres to the core principles of blockchain but is often costly and inefficient. Snapshot X aims to solve this problem by providing a cost-effective on-chain solution.

Jeremy Musighi, COO of Snapshot Labs, described Snapshot X as a turning point for on-chain governance. “For the first time, DAOs can offer their communities free on-chain voting, enabling greater inclusion and higher participation in decentralized decision-making,” Musighi said.

This protocol facilitates secure and tamper-proof voting on multiple blockchains without transferring tokens or charging gas fees, using STARK scaling and proof-of-storage, a type of cryptographic verification. This approach enhances security and reduces the reliance on third-party intermediaries, making the voting process more cost-effective.

Proof of storage is a cryptographic proof that a user owns a specific token or non-fungible token in their wallet at a specific point in time. It is used to calculate a user’s voting power when a proposal is launched, without requiring token bridging.

This setup also utilizes a transaction relayer. To bypass the need to manage a Starknet account, users sign their votes with their Ethereum wallets, and the votes are relayed to the Starknet network via Mana, a transaction relayer. The modularity of the Snapshot X system allows a special authenticator to verify the provided signatures and count the votes.

The debut of Snapshot X will be marked by a governance vote within the Starknet community on a new staking proposal, showcasing its capabilities and the broad potential of a decentralized governance system.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

Hyperliquid launches USDH Stablecoin issued by Native Markets

September 25, 2025

Hyperliquid’s USDH Stablecoin is broadcast live at an early transaction volume of $ 2M or more.

September 24, 2025

One All-Powerful Asset Across Two Ecosystems

September 24, 2025

BTCC Exchange Partners With NBA All-Star Jaren Jackson Jr. To Inspire Smarter Moves In Sports And Crypto

September 24, 2025

ChainUp Wins Top Crypto Compliance Technology Honor At Thomson Reuters-Presented Awards

September 24, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025
Most Popular

Sui’s Mysten Labs Technology Prototype Provides First Evidence of Elastic Blockchain Scaling

March 20, 2024

Roger Stone denies murder conspiracy charges against Nadler and Swalwell, claims AI manipulated tapes

January 15, 2024

Today’s New Cryptocurrency Launches, Listings, and Presales – Magicverse, Marksman, GTAVI

December 17, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.