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Starknet achieves 'Phase 1' decentralization, ZK-rollup locked value leads
The Ethereum layer-2 scaling platform Starknet has achieved a decentralization milestone proposed by Ethereum co-founder Vitalik Buterin, becoming the zero-knowledge rollup (ZK-rollup) network with the largest total locked value.
Starknet stated in a press release shared with Cointelegraph that it has achieved 'Phase 1' decentralization, based on the framework proposed by Buterin in 2022, which means the network operates under limited oversight or a 'training wheel' scenario.
Starknet added that this framework is the 'gold standard on-chain tool' for analyzing Ethereum scaling solutions, achieving this milestone through changes such as establishing a security committee and avoiding censorship mechanisms.
Starknet stated in a press release shared with Cointelegraph that it has achieved 'Phase 1' decentralization, based on the framework proposed by Buterin in 2022, which means the network operates under limited oversight or a 'training wheel' scenario.
Starknet added that this framework is the 'gold standard on-chain tool' for analyzing Ethereum scaling solutions, achieving this milestone through changes such as establishing a security committee and avoiding censorship mechanisms.
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