Ethereum L1 is practically incorruptible.
But L2s are not there yet. And since Ethereum’s long term strategy relies on L2s, we cannot call Ethereum fully incorruptible until they mature.
1. Multisigs have to go. Native trust and minimal trust security is non negotiable. It’s very difficult for new organizations to setup and control multisigs.
2. Sequencers must be decentralized. Shared sequencing and Based designs are the right direction. You need the ability to compose liquidity and state across L1 and L2. If you don’t have composability with L1 it’s impossible to launch a rollup since oracle, core DeFi, liquidity infrastructure are very expensive to deploy in a new rollup.
With @ethrex_client and @fabric_ethereum we’re working on this. @Commit_Boost is central for this too since we need to be able to create new primitives like preconfimations.
We cannot accept rollups going down because AWS has a bad day. And security that collapses by compromising ten keyholders is not security. It is a time bomb.
This will get exploited eventually, even in large rollups.
Based and native rollups are crucial for Ethereum and they don’t clash with the L1 scaling.
But L2s are not there yet. And since Ethereum’s long term strategy relies on L2s, we cannot call Ethereum fully incorruptible until they mature.
1. Multisigs have to go. Native trust and minimal trust security is non negotiable. It’s very difficult for new organizations to setup and control multisigs.
2. Sequencers must be decentralized. Shared sequencing and Based designs are the right direction. You need the ability to compose liquidity and state across L1 and L2. If you don’t have composability with L1 it’s impossible to launch a rollup since oracle, core DeFi, liquidity infrastructure are very expensive to deploy in a new rollup.
With @ethrex_client and @fabric_ethereum we’re working on this. @Commit_Boost is central for this too since we need to be able to create new primitives like preconfimations.
We cannot accept rollups going down because AWS has a bad day. And security that collapses by compromising ten keyholders is not security. It is a time bomb.
This will get exploited eventually, even in large rollups.
Based and native rollups are crucial for Ethereum and they don’t clash with the L1 scaling.
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