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.

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Good to see Vitalik Buterin addressing security concerns regarding major Layer 2 networks on Ethereum. Clear governance rules are crucial for ensuring user funds are safe.