Starknet, a Layer 2 network for Ethereum, has now demonstrated enough decentralization. Based on information from L2BEAT, the project’s current stage is Stage 1, at which the community has taken control from the developers.
The co-founder of Ethereum, Vitalik Buterin, commented on the update on his social media pages. He noted in his short comment that Starknet is now a member of “Stage 1” and is in line with Ethereum’s vision for decentralization.
The first stage of L2BEAT refers to the current protections present in the Starknet community. They include introducing a delay for implementing upgrades and adding a security council to regulate crypto development beyond its creators. It is now possible for some council members to act when there is censorship or an issue with the technology.
Previously, Starknet was in Stage 0, requiring the main team to do most of the work. Now that the project has reached Stage 1, users have some added security and can trust the project more.
Vitalik’s Silent Movement and Future Decentralization Plans
According to recorded information on the blockchain, Buterin participated in the STRK token released earlier this year. He moved more than two million tokens in Gnosis Safe to another wallet that wasn’t labeled.
No public comment was issued about the move. The silent transfer increased the speculation around user privacy and asset custody strategies.
Apart from governance, Starknet aims to reach complete decentralization early 2026. No organization can single-handedly transform the rules, lock down transactions, or stop withdrawals.
None of the Layer 2 networks has reached this goal as yet. Nonetheless, the plan outlined in Starknet’s roadmap aims to make this happen by connecting different blockchains.
The team is working on making the coin compatible with Bitcoin. The focus on joining Ethereum and Bitcoin gives Starknet an advantage among crypto blockchains.
The StarkWare team buys and accumulates both ETH and BTC to achieve this aim. This action demonstrates their faith in enabling safety for many blockchains through Layer 2 technology.
The update comes as Starknet joins the top five Layer 2 rollups by Total Value Secured that have reached Stage 1, according to L2BEAT.
