Vitalik Buterin Applauds Starknet’s Decentralization Milestone

Vitalik Buterin, Ethereum co-founder, has celebrated a significant milestone in developing Starknet, a Layer-2 (L2) scaling solution for Ethereum (ETH). Notably, Starknet (STRK) just unveiled its Stage 1. Stage 1 as a Leap Toward Trust Minimization This means that the Starknet network has officially launched its first stage of decentralization. For clarity, “Stage 1” comes from L2BEAT, a site that tracks and assesses the maturity and risks faced by Ethereum L2 projects. Based on its model, L2BEAT utilizes a three-stage framework to categorize L2s based on their decentralization and security properties. Stage 1 implies that at least one security mechanism is in place to protect against fraud or ensure validity. However, some aspects, such as upgrading or data availability still depend on trust assumptions. This suggests that Starknet can now guarantee transitions are cryptographically verified, relies less on central operators but it is not fully trustless yet. Buterin congratulating Starknet signals his approval of the platform for advancing a more secure and decentralized operational model. With this development, Starknet has now joined other top-level L2s that are helping to scale Ethereum. Vitalik Buterin’s Silent STRK Move Sparks Speculation Interestingly, Buterin was involved in the STRK token drop of 2024 . Although he received a stash via Starknet’s LockedTokenGrant, he has discreetly moved over 2 million tokens to an unlabeled wallet. Buterin finalized this move about nine months ago from his Gnosis Safe. No explanation was given for the lack of labels, as they were almost undetectable to observers. The move could have been for privacy, custody, or some other purpose. STRK Price Reacts as Ecosystem Eyes Stage 2 With this milestone achieved, Starknet can now focus on completing the next stage, Stage 2. To achieve this, Starknet has set a target of 2026. The Stage 2 signals full decentralization with a trustless withdrawal mechanism live. At this level, the system is fortified against operator failure or malicious behavior, which remains a challenge in the crypto sector. The development has positively impacted the Starknet ecosystem. STRK is trading up by 5.88% at $0.1571 as of this writing. The asset earlier hit a peak of $0.1599 in the crypto market. Starknet users look forward to the ecosystem supporting the next level of decentralized applications. The post Vitalik Buterin Applauds Starknet’s Decentralization Milestone appeared first on TheCoinrise.com .

Source: The Coin Rise