‘The claim that L2s inherit ETH security is erroneous’ — Solana co-founder
Ethereum layer-2 networks have glaring security and centralization issues, according to Anatoly Yakovenko, co-founder of the Solana blockchain.
Solana co-founder Anatoly Yakovenko cast doubt on the decentralization and security of Ethereum’s layer-2 (L2) scaling networks during a heated debate on Sunday.
Layer-2 scaling networks feature a huge attack surface and code bases so large that they cannot be properly audited for software bugs. User funds can also be shifted from L2s, which rely on multi-signature custody, without the users’ consent, Yakovenko added.
‘The claim that layer-2s inherit ETH security is erroneous,’ Yakovenko said during the debate. He argued:
The conversation surrounding Ethereum’s layer-2 scaling networks continues, as developers, investors, and industry executives debate whether the layer-2 networks benefit the Ethereum layer-1 blockchain or hurt it.
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