Starknet Reaches Key Milestone as Ethereum Co-Founder Moves STRK Tokens

Starknet now features external oversight and protocol safeguards, marking its shift to Stage 1 decentralization.

Ethereum co-founder Vitalik Buterin discreetly transferred over 2 million STRK tokens without labeling or commentary.

Starknet aims to achieve full decentralization by 2026 and integrate cross-chain capabilities with both Ethereum and Bitcoin.

Starknet has officially transitioned into Stage 1 decentralization, according to L2BEAT’s latest update. This development introduces key user protections, marking the network's first significant move away from full reliance on its core development team.

With the Stage 1 designation, Starknet now features a security council that includes external members. The council holds the authority to act in cases where the network’s sequencer fails or exhibits censorship. Additionally, the network has implemented an upgrade delay mechanism, which ensures that changes to the protocol are subject to scrutiny before deployment.

Vitalik Buterin Quietly Transfers STRK Tokens

Vitalik Buterin, co-founder of Ethereum, was among those included in the Starknet token distribution in 2024. His allocation came through the platform’s LockedTokenGrant. Blockchain records indicate that around nine months ago, Buterin moved over 2 million STRK tokens from a Gnosis Safe to an unlabeled wallet. The transfer occurred without any announcement or wallet labeling, making the move largely invisible to the general public.

While Stage 1 introduces vital safety features, it does not yet represent full decentralization. Starknet has outlined its roadmap to reach Stage 2 by early 2026. At that stage, the network aims to eliminate the ability of any single entity, including the core team or council, to modify rules, censor transactions, or freeze assets.

Cross-Ecosystem Ambitions Include Bitcoin Integration

Looking beyond Ethereum, Starknet plans to expand its functionality by enabling interoperability with Bitcoin. According to public statements from StarkWare, the core development team, they are actively accumulating both ETH and BTC to support this vision. If successful, Starknet could become the first Layer 2 network to bridge these two leading blockchain ecosystems.

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