Starknet is a Validity-Rollup (ZK-Rollup) Layer 2 network that operates on top of Ethereum, enabling dApps to massively scale without compromising on security. It achieves this by bundling transactions into an off-chain computed STARK proof. This proof is then submitted to Ethereum as a single transaction, resulting in significantly higher throughput, faster processing times, and much lower costs, all while retaining the robust security of the Ethereum settlement layer.

Starknet aims to be governed by a decentralized, community-driven process centered around STRK token holders. While StarkWare originally developed the technology, the network is transitioning to a completely decentralized model where the broader community makes decisions regarding protocol upgrades, development, and the future of the network.

Starknet is a Layer 2 that uses STARK technology to validate off-chain transactions, enabling unlimited scale while preserving Ethereum's security and decentralization.

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