The Ethereum Layer-2 Starknet scale platform has reached a milestone of decentralization determined by the co-founder Ethereum Vitalik Buterin and is currently the largest network based on zero knowledge at the total blocked value.
Starknet told CointeLgraph in a press release that it reached the decentralization of “Stage 1”, according to the frame that Buterin was remembered in 2022, which means that the network works with constrained supervision or “training wheels”.
Starknet added that the frames were “the Gold Standard Onchain tool to analyze the Ethereum scaling solutions” and said that he achieved a milestone through changes such as creating a security council and mechanisms to avoid censorship.
While the system still enables the intervention of the Security Council, it implemented a fully functional system of evidence that regulates knowledgeable contracts.
Starknet is now the only ZK-Rollup network of the layer that reached stage 1 and has become the largest blockchain of ZK-Rollup with a total value blocked $ 629 million, just before $ 610 million ZSync, According to to L2beat.
Starknet is the fifth largest network of layer 2 according to the blocked value, with four best positive based on development and all decentralization of stage 1 using evidence for fraud.
The evidence of fraud assumes that the transactions are incorrect until they are proven, while the evidence of validity assumes that transactions are valid only if cryptographic evidence is proven.
“Our goal is to completely descend the training circle and have achieved decentralization of stage 2 on Ethereum, and at the same time forward with our work on Bitcoins,” said Eli Ben-Sasson, co-founder and general director of Starkware, a developer standing behind Starknet.
Decentralization of “stage 2” is a point where the network will be fully autonomous and ruled by the community. According to L2beat, only three petite layer scaling platforms have reached this stage.
Related: Vitalik Buterin says that Walenosta must prove safety against decentralization
Buuterin introduced The concept of “training wheels” or three stages of Ethereum scaling projects at various stages of development in 2022.
The basis conducts the layer ecosystem 2
The Coinbase Layer-2 network database is a sector leader in terms of blocked value, from $ 14.7 billion, which gives it a market share in the market 33%. For comparison, Starknet has a market share in a 1.4%market.
The total value protected on the ecosystem of layer 2 is USD 44.2 billion. This number has recently increased because the value of the ether (ETH) has gained, but this year it fell by 20%.
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