StarkWare weighs splitting Starknet from Ethereum
Starknet's token rallied as its parent firm considers moving the network off Ethereum to a standalone chain, citing quantum security concerns.
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What happened
StarkWare, the firm behind Starknet, is weighing a move to break the network away from Ethereum and operate as a standalone Layer 1 blockchain. The company warned that the quantum threat may be much closer than expected, and the move is aimed at moving faster on security. Starknet's native token led weekly cryptocurrency gains and extended its rally over the weekend.
Timeline
- Oct 11, 7:19 AM ET: Starknet's token extended its rally on Sunday after StarkWare warned about the quantum threat.
- Oct 12, 1:38 AM ET: Starknet's native token led weekly cryptocurrency gains as the network weighed a shift to a standalone Layer 1 blockchain.
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