Starknet hits ‘Stage 1’ decentralization, tops ZK-rollups for value locked
Starknet has $629 million in value locked, making it the top ZK-rollup-based layer-2 and reached a decentralization milestone, operating with limited “training wheels.”
Ethereum layer-2 scaling platform Starknet has reached a decentralization milestone laid out by Ethereum co-founder Vitalik Buterin and is now the largest zero-knowledge rollup-based network by total value locked.
Starknet said in a press release shared with Cointelegraph that it has hit “Stage 1” decentralization, according to a framework Buterin laid out in 2022, which means the network operates with limited oversight or “training wheels.”
Starknet added that the framework was the “gold standard onchain tool for analyzing Ethereum scaling solutions,” and said it achieved the milestone through changes such as creating a security council and censorship-avoidance mechanisms.