Content
@
0 reply
0 recast
0 reaction
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
7 replies
2 recasts
12 reactions
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.
0 reply
0 recast
0 reaction
