Decentralized autonomous organizations (DAOs) and other blockchain groups can vote on-chain for the first time without having to pay gas fees. Gasless vote is now possible in the blockchain space thanks to Snapshot X, a governance system based on Starknet’s advanced rollup technology. We came up with this new idea to fix the problems with old government systems that are too expensive and don’t work well. It gives people a smooth, fee-free experience.
The CEO of StarkWare, Eli Ben-Sasson, says that this is a huge step forward for the business. “Members of many DAOs and other groups can now vote without having to pay gas fees,” he said. In the past, people often had to pay more than $10 just to vote, which made them less likely to get involved.
Snapshot X uses Starknet’s storage proofs to let people show ownership of assets on one blockchain while running the government on another. By getting rid of the need for centralized middlemen, this method not only cuts costs but also improves security. Chief Operating Officer at Snapshot Labs, Jeremy Musighi, said that the flexible design of the protocol makes it possible for decentralized votes that can be changed to fit the needs of each user. This builds trust among participants.
On September 10, the Starknet crypto community will be the first to use Snapshot X to vote on a stake plan that will affect people who own native Starknet (STRK) tokens. This vote will decide how staking awards are minted, making sure that the process works well and is sustainable over time. The last day to vote will be September 13.
This new development comes right after Starknet’s most recent update, which added parallel operation so that multiple deals can be processed at the same time. Starknet wants to make blockchain transactions faster than ever by putting this technology to use on Ethereum’s layer-2 network.
Snapshot X is a big step forward in on-chain governance because it gives DAOs and other blockchain communities a safe, flexible, and gas-free way to run their communities. This technology makes voting easier for more people and cheaper, which leads to more involvement and new ideas in decentralized communities.
