Ethereum co-founder Vitalik Buterin recently discussed the decentralization of rollup-based layer-2 platforms, emphasizing the importance of proving security before transitioning. In a tweet on May 5, Buterin highlighted the need for the proof system’s failure probability to be significantly lower compared to the risks of centralization before moving towards decentralization. This conversation was sparked by Loopring founder Daniel Wang’s comments on the maturity of systems impacting security. Wang proposed a new metric called “BattleTested” for code that has withstood intense scrutiny from bad actors, especially nation-state-backed hackers like the Lazarus group responsible for major crypto hacks. The discussion around transitioning from stage 1 to stage 2 of rollup development emphasized the need for a careful evaluation of security risks. Analysts pointed out that the real test for decentralization lies in the system’s ability to withstand economic pressures and potential failures. Buterin stressed that premature decentralization can expose users to vulnerabilities, cautioning against rushing the process. While gradual decentralization was deemed a wise approach, concerns were raised about the inherent architecture’s suitability for full decentralization. The ongoing dialogue underscores the complex balance between security, maturity, and decentralization in the evolution of blockchain technologies.
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