L2 is crucial to Ethereum decentralization, censorship resistance, says researcher

Ethereum layer-2 scaling level StarkWare has officially launched the StarkNet Foundation with the instauration of a divers committee that aims to safeguard Ethereum's decentralization and censorship resistance.

Seven individuals, including cardinal members from the Ethereum ecosystem and wider cryptocurrency space, volition caput up the non-profit entity. An announcement shared with Cointelegraph outlined the relation of the StarkNet Foundation successful ensuring the attraction and information of StarkNet’s web arsenic good arsenic its improvement and expansion.

Cointelegraph reached retired to Eric Wall to unpack his assignment to the Foundation's board. Wall is simply a blockchain researcher and whistleblower who has exposed systemic flaws successful high-profile cryptocurrency projects. Wall besides acts arsenic an advisor connected cryptocurrency to the Human Rights Foundation.

Wall highlighted systemic efforts to assistance Ethereum proceed scaling done layer-2 innovations arsenic cardinal to the ongoing occurrence of the astute declaration blockchain network:

“Since Ethereum is the astir important DeFi concatenation we have, I attraction a batch astir making definite that it sticks to the ethos of decentralization and censorship resistance. This conflict is fought astatine the baselayer, but indispensable besides beryllium fought astatine the layers above.”

Wall told Cointelegraph that his information to articulation the Foundation was to guarantee that ‘one of Ethereum’s astir important 2nd layers’ did not neglect the ethos of the underlying blockchain:

“StarkWare is astir apt the astir important subordinate successful the ecosystem successful pioneering validity impervious systems that galore judge are perfectly cardinal to Ethereum’s scalability endgame, and StarkNet is the general-purpose level leveraging that technology”

Wall highlighted the Foundation’s relation successful managing relationships with ecosystem partners and developers arsenic good arsenic allocating grants. This includes ensuring partnerships are successful the champion involvement of StarkNet users and are aligned with ‘the cardinal ethos of neutral open-source engineering’.

The Foundation volition besides absorption connected StarkNet exertion acquisition to assistance developers larn however to physique Decentralized Applications (DApps) utilizing StarkWare’s proprietary STARKs (Scalable, Transparent ARgument of Knowledge) impervious system.

Related: StarkWare nets $100M arsenic investors slope connected layer-2 success

The Foundation's committee besides includes StarkWare CEO and co-founder Uri Kolodny and StarkWare’s president, co-founder and machine idiosyncratic Eli Ben-Sasson. Computer idiosyncratic and StarkNet advisor Shubhangi Saraf, blockchain developer and Nethermind laminitis Tomasz Stańczak, erstwhile United States lawman main exertion serviceman Andrew McLaughlin and award-winning lawyer Heather Meeker marque up the remainder of the enactment group.

As antecedently reported, StarkNet is simply a decentralized layer-2 validity rollup that aims to standard the Ethereum web portion maintaining its information and decentralization. It addresses what is known arsenic the ‘blockchain trilemma’ coined by Ethereum co-founder Vitalik Buterin.

The StarkNet Foundation volition negociate 50.1% of the ecosystem’s archetypal token proviso to usher the network’s allocation of resources. The funds volition beryllium utilized to enactment StarkNet’s assemblage of users, developers and researchers, which lend to the ecosystem by creating infrastructure, tools and applications.