Ethereum layer-2 scaling platform Starknet has achieved a significant milestone in decentralization as outlined by Vitalik Buterin. It is now the largest zero-knowledge rollup-based network by total value locked. Starknet has reached 'Stage 1' decentralization, operating with limited oversight according to Buterin's framework. The network has implemented changes such as a security council and censorship-avoidance mechanisms. While intervention is still possible, Starknet has a fully functional validity proof system governed by smart contracts. It is the only layer-2 ZK-rollup network to reach Stage 1 and has surpassed ZKsync in total value locked. Starknet aims to achieve 'Stage 2' decentralization on Ethereum and Bitcoin. The Coinbase layer-2 network Base leads in value locked, with Starknet holding a smaller market share. The total value secured in the layer-2 ecosystem is $44.2 billion, with recent fluctuations in Ether's value. Starknet's progress marks a significant step towards full autonomy and community governance. Read more AI-generated news on: https://app.chaingpt.org/news

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