Ethereum Devs Shut Down Linea—Can Layer-2 Networks Be Trusted?

Ethereum Devs Shut Down Linea—Can Layer-2 Networks Be Trusted?decrypt.co
Ethereum devs shut down Linea: Can layer-2 networks be trusted?
by mishaderidder.eth13093 🥝 • 2y
AI summary of the linked article

Linea, an Ethereum layer-2 network owned by Consensys, froze all network transactions after attackers drained $2.3 million in ETH from Velocore, a decentralized exchange on Linea, and the team could not reach Velocore. Critics argued that the freeze violated decentralization, with Tom Lehman saying the network's centralized control is a problem when every layer-2 is centrally controlled. Steven Goldfeder of Offchain Labs said Arbitrum's centralization risk is smaller than on other networks, while Joseph Schiarizzi said the Linea team made the right move.

avatar
“The problem comes when you say ‘L2s are the future, that's how we scale, that's it,’” Lehman said. “And in the process, [you] hand over the keys to giant billion-dollar entities and endorse them running insecure systems.”
Characters remaining: 10,000

comment guidelines
HomeNewSubmit