$ETH For those observing the evolution of Layer 2 networks, this marks an important milestone. Starknet, developed by StarkWare, has been at the forefront of zk-Rollup technology, offering faster transactions and lower fees on Ethereum without compromising security. But until now, full decentralization was still a vision — today, that vision takes its first major step towards reality.

So, what does Decentralization Phase 1 mean?

In simple terms: control is no longer centralized. Governance decisions — from protocol updates to fee structures — are now shifting into the hands of the community. The sequencer of Starknet