The co-founder of Ethereum, Vitalik Buterin, defended the basic blockchain of Coinbase against criticism, stressing that the layer 2 solutions provide real security guarantees through the base layer of Ethereum rather than to function as “glorified servers. “”
His comments addressed an increasing confusion on the role of L2Beat as a safety platform for security and false ideas on layers of layer 2.
Buterin clarified that the base maintains non -guardian properties where users retain ultimate control over their funds thanks to the smart contract logic on the main channel of Ethereum.
The defense took place in the midst of broader discussions on economic sustainability and the development of Ethereum infrastructure before the Fusaka upgrade on December 3.
The intervention occurred when the layers of layer 2 face a meticulous examination on centralized features while offering improved user experiences.
Recent incidents, including SONY SONEIUM censorship attempts and the closure of DYDX V3, have highlighted the risks and protective mechanisms integrated into modern L2 architectures.
Meanwhile, chain Ethereum’s revenues fell 44% to $ 14.1 million in August despite the damage of the ETH, which raised questions on the long -term economic model of the network, because the adoption of layer 2 reduces the generation of basic layer costs.
The DYDX V3 stop provided concrete evidence of the exhaust mechanisms of layer 2 operating as designed.
When the decentralized exchange has ceased operations, users have accessed more than $ 70 million in funds trapped via the integrated “Escape Hatch” system from Starkex, with successful $ 30 million using the L2Beat open source interface.
The exhaust process forced users to submit three Ethereum transactions, each accompanied by Merkle proof verifying their asset state.
Although technically complex, the mechanism worked without requiring the authorization of Dydx operators, validating Buterin’s assertions concerning the non -guardian properties of layer 2.
Likewise, the Sony SONEIUM network has shown resistance to censorship when the company has tried to block the “not approved” tokens at the RPC level.
A developer has completely bypassed the sequencer by forcing transactions through the main chain of Ethereum, proving that the architecture of Pile OP prevents permanent censorship, regardless of the operator’s intentions.
The incident destroyed the early token posts worth thousands of dollars before the birth of the bypass solution.
However, the successful bypass has validated the design philosophy of OP Stack which forces all layer 2 networks to inherit Ethereum’s basic safety properties, including the guarantees of transaction finality.
These examples of the real world support the argument of Buerin according to which the solutions of layer 2 represent real extensions of Ethereum rather than independent systems with risks of guard.
The concrete ways implemented in the logic of intelligent contracts have proven functional in stress conditions, including operators and censorship attempts.
In particular, Buterin also highlighted L2’s security, and its mathematical framework for the safety stages of layer 2 reveals why the progressive progression of centralized control for full decentralization is logical.
Its analysis shows that stadium ralups 1 with 75% security council replacement requirements offer optimal security when evidence is not proven.
However, stage 2 systems should only be activated once sufficient mathematical confidence in the underlying cryptographic systems is obtained.
Source: Vitalik blog article
The Security Council model requires that the quorum blocking minorities outside the primary organizations prevent unilateral censorship or theft of funds.
This distributed governance approach establishes a balance between innovation speed and user protection during the process of maturation of complex cryptographic systems.
The Fusaka upgrade scheduled for December 3 takes care of this evolution thanks to improvements in infrastructure which improve both layer 2 capacities and main sustainability.
The extensions of the Blob capacity and the implementation of Peerdas will reduce the costs of the rollers while maintaining security guarantees which distinguish Ethereum from competitors offering less rigorous decentralization paths.
As growing development efforts are focused on improving Ethereum bases for low -risk applications that Buterine is considering as the economic future of the network.
These initiatives aim to create sustainable sources of income that support innovation without relying on speculative trading or the compromise of the principles that make Ethereum a precious decentralized platform.
In addition, Buterin has recently offered low -risk deffi protocols such as the anchoring of potential income from Ethereum, comparing the model to the role of Google Search in the financing of wider operations of companies.
He argued that protocols offering stable yields of approximately 5% on first -rate stables could provide economic sustainability without compromising the ethical foundations of the network.
The proposal is the economic challenges of Ethereum as the adoption of layer 2 reduces the income from the base layer.
The turnover of 44% of August at $ 14.1 million took place despite the new heights, which has now expressed more pressure on the tension between the success of the scale and the profitability of the main ones.
Read the original story Ethereum the founder Vitalik defends the new Coinbase blockchain in the middle of the controversy-what happens? by Anas Hassan in Cryptonews.com
Source link
