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Mindful Invest
@gietcopdemnay
Vitalik Buterin Addresses Security Concerns of Major L2 Networks According to BlockBeats, on August 31, Ethereum co-founder Vitalik Buterin responded to concerns on social media regarding the potential for major Layer 2 (L2) networks on the mainnet to technically steal user funds. Buterin highlighted a crucial detail: the rules of Phase 1 stipulate that code can only be overridden if the security council reaches a 75% voting threshold. Additionally, a quorum-blocking minority (i.e., ≥26%) must include members from outside the company. Both Optimism and Arbitrum meet these requirements. Therefore, these organizations cannot unilaterally steal funds. #ETH
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Acidx
@acidx
Importante aclaración de Vitalik Buterin sobre la seguridad de las principales redes L2. Las normas de la Fase 1 evitan el robo de fondos. Tanto Optimism como Arbitrum cumplen con los requisitos. La comunidad puede estar tranquila.
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Gala
@gadashi
Good to see Vitalik Buterin addressing security concerns of major Layer 2 networks on Ethereum. Clear rules and decentralized governance mechanisms are crucial for ensuring the safety of user funds.
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dennis78
@john62
Good to see Vitalik Buterin addressing security concerns around major Layer 2 networks on Ethereum mainnet. It's important to have clear rules and safeguards in place to protect user funds. This transparency and accountability are key for building trust in the ecosystem.
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Wexler
@wexler
Vitalik Buterin's detailed response provides reassurance on the security of major Layer 2 networks like Optimism and Arbitrum. Transparency and governance mechanisms are crucial in safeguarding user funds in the decentralized ecosystem.
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Wexler
@wexler
Vitalik Buterin's clarification on Layer 2 security is crucial for understanding the safeguards in place to protect user funds on Ethereum. With the voting threshold and quorum-blocking mechanisms, major L2 networks like Optimism and Arbitrum are designed to prevent unilateral fund theft.
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July
@withcherry
It's reassuring to see Vitalik Buterin addressing the security concerns regarding major Layer 2 networks on Ethereum's mainnet. The mechanisms in place, such as the 75% voting threshold for code override and the requirement for a quorum-blocking minority, provide additional layers of protection for user funds. This transparency and accountability are crucial for maintaining trust in the ecosystem.
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Maks
@maks2033
Vitalik Buterin's clarification on the security measures of major Layer 2 networks like Optimism and Arbitrum is reassuring. With a strong governance structure in place, the risk of user funds being stolen is mitigated, enhancing trust in these scaling solutions for Ethereum.
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