Nov 09,2022 ·
7 min read
Page last updated 28 minutes ago
Today we welcome the Starknet Foundation, a new community foundation organized to provide an independent community structure for supporting the Starknet project.
Starknet is a permissionless, decentralized validity rollup operating as an L2 network over Ethereum, where any dApp can achieve vastly increased scale for its computation, without compromising Ethereum’s composability and security. For more about Starknet, take a look here. To be truly accountable and accessible to the community of its developers and users, Starknet needs an independent facilitator for community-oriented governance for the entire Starknet ecosystem.
The newly-created Starknet Foundation, with support and resources from a broad cross-section of community members, will foster research, development, and extension of the Starknet network and supporting technology, promote use and adoption of the Starknet network, and fuel Starknet community participation and project governance. The Foundation will help fund and organize user and developer conferences, and coordinate cooperation with allied and related communities.
The Foundation will be governed by an initial board of seven directors, with multidisciplinary backgrounds from across the world. In short:
A Starknet token has been created to reward Starknet developers and operators for the work they perform to maintain and advance the network. The Foundation holds 50.1% of the initial minting of 10B tokens, the allocation of which will be managed by the Foundation for the benefit of users, operators and developers in the Starknet community, as set out here. The remaining tokens are subject to a four-year lockup and are owned by existing Starknet core contributors and investors in Starknet development.
The Starknet Foundation board has begun work, prepping for formalization and operations, recruiting for an executive director, and beginning to form ad hoc community committees to advance some essential projects like figuring the what / where / how / when of a first vote of Starknet token holders.
We wish the entire Starknet community success and we are proud and excited to be working on the launch of the Starknet Foundation.
What makes Starknet compelling to me is that it is, in my judgment, the most promising and technologically convincing effort to make Ethereum (and other blockchains) a truly scalable, secure, and private permissionless global computing platform. With rock-solid science and a talented team behind it, Starknet is a pivotal part of achieving the broad-scale utility that has been just over the horizon of the prevailing blockchain ecosystem.
As a member of the founding board, I aim to focus on good governance and effective global community-building. The Starknet Foundation will be a not-for-profit startup, with a mission to build out a community of builders and users that is engaged, diverse, and empowered to govern itself. As an organization, the Foundation itself needs to be open, transparent, accountable, reliable, and ethical. As an instance of community self-governance, I hope to see the Foundation drive the creation of Starknet-powered governance tools and services that are objectively intuitive and useful — and as available to others as they are to us.
The initial success of Starknet (and STARKs) caught me by surprise. What started off as a StarkWare-centric effort is now a thriving and rapidly expanding ecosystem. Yahoo!
Governance is a hard topic, one that has baffled human societies throughout history. Starknet’s governance, including the necessary checks and balances, conflict resolution mechanisms etc., has yet to emerge and crystalize. And so, my feelings of excitement and optimism are humbled by the challenges ahead. It is clear to me that Starknet should not be ruled by any single party. Thus, I view the most essential part of our mission as that of listening to the wide and expanding ecosystem of Starknet developers and helping them lead the way.
Rollup technologies are by far the most promising answer to the question of how to scale permissionless finance to the millions of users. STARKs provide the ability to succinctly verify general computation, and can thus extend the qualities and values of the Ethereum baselayer to the layers above. Starknet is perhaps the most important installation of this concept, and it is with humility that I accept the task of helping to ensure its integrity as well as its success.
I am thrilled to be part of the Starknet Foundation.
For almost three decades, I have been working to help people understand open source licensing. I am a lawyer, so of course, I’ve spent a lot of that time helping my clients learn about open source licensing and development. But during those decades, the whole technology industry has been working to better understand how to collaborate — that’s the gift of the open source development model. I have been especially lucky, because a lot of my work has been helping others — not only my clients — learn about the rules and paradigms for collaboration. In a way, I’ve had the great fortune to be as much a teacher as a counselor.
I look forward to working with Starknet Foundation to move into the next era of Ethereum and blockchain, and to support the growing Starknet community.
(Heather is an advisor to StarkWare.)
I am a researcher in the theoretical foundations of computer science. Personally, I have been amazed by how some of the exciting theoretical developments in the field from the last couple of decades have come together to create the technology that powers STARK-proofs.
I think that the mission of bringing scalability via STARKS through a decentralized public platform, where developers play a central role in governance and design has the potential to greatly expand the reach of blockchain technologies. As a member of the board, I am also keen to enable avenues for Starknet to stimulate, and to benefit from, modern research in theoretical computer science. I am looking forward to being part of this.
(Shubangi is an advisor to StarkWare.)
Starknet enters an important phase of its development — one when it becomes more open, composable, trustless, and more trusting. I see my role at the foundation as an opportunity to foster collaboration, and support a move towards the future of decentralized and permissioned chains powered by STARKs.
Remembering my path at Nethermind as an Ethereum Foundation grantee and understanding both challenges and opportunities that builders are facing, I welcome the opportunity to ensure that the executive team at Starknet Foundation builds an ecosystem where builders feel empowered, and benefit from their research and development efforts while building Starknet as a public good. I am looking forward to seeing the next generations of builders and communities finding their role as independent co-owners of Starknet.
As a co-founder & CEO at StarkWare, I have been observing the blockchain space since 2018 (a relative newcomer!), and deeply involved in building scaling solutions for Ethereum. The software tools for computational integrity that we started developing at StarkWare are now being placed in the hands of developers worldwide. The mission is clear: these tools need to be put in the hands of any interested developer in the world; these tools need to be improved. The Starknet Foundation will play an important and exciting role in fulfilling this mission, in decentralizing Starknet.
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