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Ethereum

Starknet weighs leaving Ethereum as the layer-2 era it was built for unravels

Image: Cryptopolitan

Starknet’s STRK holders are voting on a non-binding poll to decide whether the Ethereum layer-2 network should consider abandoning that designation to become an independent layer-1 chain. What is Starknet voting on? The seven-day voting process that Starknet initiated on October 15 to close on October 22 gives STRK holders three options : A “Yes” outcome only greenlights continuing research on the proposal to leave Ethereum and start its own L1. It does not immediately trigger the moving process. Holders can reject the proposal outright. The third option agrees to wait on making a decision pending more detail. The firm behind Starknet, StarkWare, has not committed to any date for a potential transition. Any such decision will still require additional proposals and governance votes. Why is StarkWare considering leaving Ethereum?

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