Starknet Weighs Ethereum Exit as STRK Hits Nine-Month High on Quantum-Resistance Push

  • Starknet is considering moving from Ethereum Layer 2 to an independent Layer 1.
  • STRK rose 30% in 24 hours, versus Bitcoin’s 0.9% and Ether’s 0.3%.
  • The transition requires governance approval and a separate validator network.

Starknet is considering moving from its Ethereum Layer 2 architecture to an independent Layer 1 blockchain to pursue quantum resistance by 2027, ahead of Ethereum’s projected 2029 timeline. StarkWare CEO Eli Ben-Sasson presented the case at Token2049, citing quantum computing and artificial intelligence as emerging threats. STRK rose 30% in 24 hours in CoinGecko’s October 9 evening snapshot, outperforming Bitcoin’s 0.9% gain and Ether’s 0.3% increase. The token had reached roughly $0.07-$0.073, its highest level in about nine months, with reported gains ranging from 19% to 40% across October 8-9. An earlier estimate had put its weekly increase at about 70%, while STRK remains 98.4% below its all-time high. Futures open interest rose more than 50%, and Starknet decentralized-exchange activity and fees also increased. The transition remains under consideration and would require governance approval, a new validator network and a separate consensus design. StarkWare has also demonstrated a quantum-resistant lock using Bitcoin.

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