L2 is crucial to Ethereum decentralization, censorship resistance, says researcher
Ethereum layer-2 scaling platform StarkWare has officially launched the StarkNet Foundation with the introduction of a diverse board that aims to safeguard Ethereum's decentralization and censorship resistance.
Seven individuals, including key members from the Ethereum ecosystem and wider cryptocurrency space, will head up the non-profit entity. An announcement shared with Cointelegraph outlined the role of the StarkNet Foundation in ensuring the maintenance and security of StarkNet’s network as well as its development and expansion.
Cointelegraph reached out to Eric Wall to unpack his appointment to the Foundation's board. Wall is a blockchain researcher and whistleblower who has exposed systemic flaws in high-profile cryptocurrency projects. Wall also acts as an advisor on cryptocurrency to the Human Rights Foundation.
Wall highlighted systemic efforts to help Ethereum continue scaling through layer-2 innovations as key to the ongoing success of the smart contract blockchain network:
Wall told Cointelegraph that his motivation to join the Foundation was to ensure that ‘one of Ethereum’s most important second layers’ did not neglect the ethos of the underlying blockchain:
Wall highlighted the Foundation’s role in managing relationships with ecosystem partners and developers as well as allocating grants. This includes ensuring partnerships are in the best interest of StarkNet users and are aligned with ‘the fundamental ethos of neutral open-source engineering’.
The Foundation will also focus on StarkNet technology education to help developers learn how to build Decentralized Applications (DApps) using StarkWare’s proprietary STARKs (Scalable, Transparent ARgument of Knowledge) proof system.
Related: StarkWare nets $100M as
Read more on cointelegraph.com
