Ethereum's layer-2 scaling solutions may appear more decentralized than they actually are. Ethereum's co-founder, Vitalik Buterin, suggests these networks contain 'backdoors', implying potential regulation avenues.

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While Layer 1 has a decentralized consensus layer, Layer 2 can be upgraded with a single decision. And if you consider how much TVL they store, this can be really dangerous.

On one side, I understand that they need to move fast and be ready to deploy a security fix at light speed, but at the same time, this is an issue that needs to be resolved.

Are regulations coming also for L2? Or will those companies become more decentralized?

“The rollups and layer-2s that exist on Ethereum today all have ‘training wheels’ or some kind of ‘backdoor’ that lets developers come in and stop or change the protocol.”