Starknet voting to *research* becoming its own L1 is one of the more honest quantum debates in crypto right now. $STRK
The facts: a non-binding Snapshot poll (Oct 15-22) got 93.52% of voting power in favor, with 3,236 votes cast. StarkWare and the Starknet Foundation formed a working group, and a draft whitepaper is expected in the coming weeks. Nothing has been approved. Starknet still runs as an Ethereum L2, and any migration needs a separate governance vote.
Why even consider it? Starknet's STARK proofs use hash-based cryptography, and native account abstraction lets wallets switch to post-quantum signatures without a protocol upgrade. The weak link is what it inherits from Ethereum: the bridge and data availability still rely on elliptic curves, and Ethereum's quantum-resistant target is around 2029. StarkWare's own roadmap aims for full quantum security in 2027.
My take: the headline "Starknet leaves Ethereum" is premature. The real question is cost. Becoming an L1 means running its own validators and data availability, and that is a big security and liquidity trade-off to make for a threat whose timing nobody knows. Still, I'd rather see a chain stress-test its upgrade path early than scramble later.
Worth watching: the whitepaper details on validator design and how existing wallets migrate signatures.
$ETH #Starknet #PostQuantum #Layer2 #Crypto
Not financial advice.
The facts: a non-binding Snapshot poll (Oct 15-22) got 93.52% of voting power in favor, with 3,236 votes cast. StarkWare and the Starknet Foundation formed a working group, and a draft whitepaper is expected in the coming weeks. Nothing has been approved. Starknet still runs as an Ethereum L2, and any migration needs a separate governance vote.
Why even consider it? Starknet's STARK proofs use hash-based cryptography, and native account abstraction lets wallets switch to post-quantum signatures without a protocol upgrade. The weak link is what it inherits from Ethereum: the bridge and data availability still rely on elliptic curves, and Ethereum's quantum-resistant target is around 2029. StarkWare's own roadmap aims for full quantum security in 2027.
My take: the headline "Starknet leaves Ethereum" is premature. The real question is cost. Becoming an L1 means running its own validators and data availability, and that is a big security and liquidity trade-off to make for a threat whose timing nobody knows. Still, I'd rather see a chain stress-test its upgrade path early than scramble later.
Worth watching: the whitepaper details on validator design and how existing wallets migrate signatures.
$ETH #Starknet #PostQuantum #Layer2 #Crypto
Not financial advice.