Extended Plans October 22 Settlement Migration From Starknet to Arc
(3 hours ago) · 1 source · Summarized by CryptoBipto
A project called Extended has announced plans to move its settlement layer from Starknet to Arc on October 22. The migration represents a shift in the underlying infrastructure used for transaction settlement. Details about the reasons behind the move and its implications remain limited based on available information.
WHY IT MATTERS
In crypto, a "settlement layer" is the system that finalizes transactions and makes them permanent — think of it like the bank that officially records a check deposit after it clears. When a project moves from one settlement layer to another, it is essentially changing the foundation that secures and confirms all of its transactions. Starknet is a well-known Layer 2 network, which means it processes transactions off the main Ethereum blockchain to reduce costs and increase speed, then posts proof of those transactions back to Ethereum. This migration to Arc means Extended is choosing a different foundation for how its transactions are verified and recorded, which could affect how the platform operates for its users.
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- thedefiant.io
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