Starknet Community Votes for Research on Standalone Post-Quantum Layer 1
Written with artificial intelligence.
In a recent non-binding poll, 93.5% of Starknet's voting power supported exploring the development of a standalone post-quantum Layer 1 blockchain. This research phase, however, does not guarantee an immediate transition from its current Layer 2 status on Ethereum.
Community Vote Results
The Starknet community has expressed significant interest in pursuing a standalone post-quantum Layer 1 (L1) blockchain. A Snapshot poll conducted from October 15 to October 22 garnered 3,236 votes, with 93.52% in favor of researching this potential transition. In contrast, 4.57% voted against and 1.91% remained neutral. StarkWare CEO Eli Ben-Sasson described the outcome as a "clear YES."
Rationale Behind the Move
Starknet aims to achieve full post-quantum security by 2027, which is two years ahead of Ethereum's projected 2029 timeline. The community argues that as a Layer 2 solution, Starknet cannot fully realize this goal while dependent on Ethereum for bridging and data availability. Ben-Sasson highlighted the urgency, citing advancements in quantum computing and AI that could accelerate the timeline for potential quantum threats.
Next Steps and Research Focus
A working group consisting of members from StarkWare and the Starknet Foundation will spearhead the research efforts. Ben-Sasson indicated that a draft whitepaper outlining the findings is expected by November. Importantly, the Foundation has confirmed that the existing STRK token will remain in use, with no plans for a new token. Bridges from Ethereum will also continue to operate as usual.
Implications of Going Independent
Transitioning to an independent L1 would mean that Starknet's assets, currently valued at approximately $390 million, would rely on its own consensus mechanism rather than Ethereum's. This shift presents various challenges that the research will need to address. As of now, STRK trades at about $0.052, having risen approximately 34% over the last month but down about 29% this week, according to CoinMarketCap.