Starknet Founder Eli Ben-Sasson Discusses Plans for Layer 1 Transition
(2 hours ago) · 1 source · Summarized by CryptoBipto
Eli Ben-Sasson, co-founder of Starknet, discussed the project's plans to potentially transition from a Layer 2 scaling solution to a Layer 1 blockchain. The discussion, featured on The Defiant podcast, covers what has been described as Starknet's "exit plan" from its current Layer 2 architecture.
WHY IT MATTERS
In crypto, a Layer 1 (L1) is a standalone blockchain like Ethereum or Bitcoin that handles its own security and transaction processing. A Layer 2 (L2) is like an express lane built on top of a Layer 1 — it processes transactions faster and cheaper but relies on the underlying L1 for security, similar to how a local branch office relies on its headquarters. Starknet currently operates as an L2 on Ethereum, meaning it ultimately depends on Ethereum to verify and secure its transactions. If Starknet were to become its own L1, it would be like that branch office becoming an independent company — gaining more autonomy but also needing to provide its own security guarantees. This is a notable development because it could change how Starknet users and developers interact with the network and how it relates to the broader Ethereum ecosystem.
Read the full analysis with a CryptoBipto membership
Members can read the full analysis of every story, not just the headline.
Get startedSOURCES
- thedefiant.io
RELATED
Learn the concepts behind this
Clear explanations of the subjects this article touches, with every term defined.