‘The claim that L2s inherit ETH security is erroneous’ — Solana co-founder

Solana co-founder Anatoly Yakovenko expressed significant doubts regarding the decentralization and security of Ethereum's layer-2 (L2) scaling networks during a recent debate. He argued that L2s possess a large attack surface and codebases too extensive for proper auditing, noting that user funds can be moved from L2s relying on multi-signature custody without user consent. Yakovenko asserted that the claim that L2s inherit ETH security is "erroneous," pointing out that assets like Wormhole ETH on Solana share the same worst-case risks as ETH on base L2s. The article also touches on the broader debate surrounding L2 proliferation, with some experts like Adrian Brink suggesting there are too many L2s, while others like Igor Mandrigin view the explosion as a healthy sign of ecosystem growth and diversity. However, Binance Research noted that this proliferation fragments liquidity and cannibalizes revenue from the Ethereum base layer due to lower transaction fees on L2s.

(Source：Cointelegraph)