Solana co-founder Anatoly Yakovenko questions the decentralization and security of Ethereum's Layer-2 scaling networks, sparking debate within the crypto community. The discussion revolves around the risks associated with L2s, including attack surfaces, auditability, and potential for user fund manipulation. While some, like Adrian Brink, see it as a sign of healthy growth, others argue L2s fragment liquidity and impact the base layer's revenue.
Solana co-founder Anatoly Yakovenko cast doubt on the decentralization and security of Ethereum ’s layer-2 scaling networks during a heated debate on Sunday.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 “5 years into the L2 roadmap, wormhole ETH on Solana has the same worst-case risks as ETH on base and generates as much revenue for ETH L1 stakers. It’s wrong no matter how you slice it.”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.Adrian Brink, co-founder of Anoma, a layer-1 blockchain protocol. The explosion of L2 networks is a healthy sign for Ethereum that signals network growth and increased diversity in the ecosystem, Mandrigin said. Anurag Arjun, co-founder of Avail, a unified chain abstraction solution and the Polygon layer-2 network, concurs and told Cointelegraph that each Ethereum L2These networks are fragmenting liquidity and eating into the revenue on the base layer due to their low transaction fees compared to transacting on the layer-1 blockchain, the researchers wrote.
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