$STRK is surging as the cryptocurrency market struggles.
The Starknet token rose around 20% in 24 hours, and the rally accelerated after the project revealed that it is actively considering becoming a Layer 1 blockchain.
The goal is ambitious: Starknet says this change could help it become the first fully quantum-resistant network, with a target date of 2027.
Why does this matter?
Starknet currently operates as an Ethereum Layer 2. Moving to Layer 1 could give the project more control over its technology and security upgrades.
But the transition is still under evaluation; it has not been confirmed.
Meanwhile, derivatives trading is amplifying the rally, as traders are heavily favoring long positions.
$STRK is drawing attention for two reasons: a possible transformation of the network and the race to prepare cryptocurrencies for quantum computing.
The Starknet token rose around 20% in 24 hours, and the rally accelerated after the project revealed that it is actively considering becoming a Layer 1 blockchain.
The goal is ambitious: Starknet says this change could help it become the first fully quantum-resistant network, with a target date of 2027.
Why does this matter?
Starknet currently operates as an Ethereum Layer 2. Moving to Layer 1 could give the project more control over its technology and security upgrades.
But the transition is still under evaluation; it has not been confirmed.
Meanwhile, derivatives trading is amplifying the rally, as traders are heavily favoring long positions.
$STRK is drawing attention for two reasons: a possible transformation of the network and the race to prepare cryptocurrencies for quantum computing.