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Layer 2

Starknet Community Votes to Explore Post-Quantum Layer-1 Shift

Starknet's community has overwhelmingly voted in favor of researching a transition to an independent post-quantum layer-1 blockchain.

Starknet Community Votes to Explore Post-Quantum Layer-1 Shift
Image: BullishMarketCap

The Starknet community has voted in favor of supporting research to transition the network into an independent, post-quantum layer-1 blockchain, according to Cointelegraph.

The governance vote, which ran for seven days and closed on Thursday, drew about 3,200 votes. According to the results, 93.52% of the voting power supported the potential departure from Ethereum. Any actual shift would require a separate, binding governance vote, and Starknet will continue operating as an Ethereum layer-2 network for now.

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Next Steps for Starknet

StarkWare CEO Eli Ben-Sasson stated that the network is beginning work on a whitepaper immediately, with plans to release a draft for public scrutiny in November. The governance decision comes as StarkNet saw the biggest fall among the top 100 cryptocurrencies during the week, erasing a quarter of its value.

Key facts

  • The Starknet community governance vote closed on Thursday after running for seven days.
  • Approximately 3,200 votes were cast, with 93.52% of voting power in favor of researching a post-quantum L1 transition.
  • StarkWare CEO Eli Ben-Sasson announced plans to release a draft whitepaper in November.
  • Starknet will continue to operate as an Ethereum layer-2 network while research is conducted.
$STRK#Starknet#Layer1#Ethereum

Source: cointelegraph.com

This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.

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