Altcoin Up 33% Could Break Away From Ethereum: What’s the Plan for 2027?

As Starknet weighs the option of breaking away from Ethereum and becoming an independent blockchain, STRK has risen 33% in the past 24 hours, while the network aims to achieve full quantum resistance by 2027.

According to CoinDesk, Starknet is considering moving on from being a layer-2 network running on Ethereum and continuing as an independent layer-1 blockchain. The plan has not yet been approved and would represent a significant change to the network’s current structure.

Breaking away from Ethereum is on the table

Layer-2 networks operate on top of Ethereum and help scale transactions. The option under consideration at Starknet is to replace this role with a blockchain that operates on its own. It is not yet clear whether the breakaway will happen.

The network’s technical goal is to achieve full quantum resistance by 2027. This goal involves building a structure that can withstand the threats quantum computers could pose to current encryption methods.

STRK price rises 33%

Following the announcement, the network’s native token, STRK, had gained 33% over the past 24 hours at the time the news was published. This set the token apart from the market, where Bitcoin and Ethereum were both down on the day over the same period.

Starknet’s evaluation comes at a time when other changes are also taking place in Ethereum’s layer-2 ecosystem. A few days ago, Pudgy Penguins’ Abstract network became the second Ethereum layer-2 network to shut down within a week.