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Crypto

Starknet community backs review of shift to \'quantum-resistant layer 1\'

The Starknet community overwhelmingly backed a proposal to review a plan to shift the Ethereum layer 2 network into an independent layer 1, The Block reported on Wednesday. In a seven-day Snapshot vote that closed on Wednesday morning, more than 93.5 percent of voting power supported the proposal, with about 2,800 wallets taking part. StarkWare did not vote and left the decision to the community. Further research and another vote by STRK holders would be required for an actual transition.

Crypto

Starknet starts vote on reviewing shift to layer 1

Starknet token holders have started a vote on whether to examine converting the Ethereum layer 2 network into an independent layer 1 blockchain to prepare for quantum computing threats, The Block reported on Oct. 15. The vote runs for seven days. As of the Snapshot tally, 177.6 million STRK tokens participated, with 99.91 percent in favor. Even if it passes, the network would not switch immediately.

Crypto

StarkWare launches \'Shadow Accounts\' on StarkNet to separate DeFi positions from wallet address

StarkWare has launched a \"Shadow Accounts\" feature on StarkNet, enabling apps to offer a public-to-private switching option. Users can hold decentralised finance positions without directly exposing their main wallet address. StarkWare described shadow accounts as per-app pseudonymous accounts, while noting that token balances, call history and positions remain visible on-chain. Demo materials also warned amounts and transaction times are disclosed, allowing activity to be linked.