‘The claim that L2s inherit ETH security is erroneous’

Solana co-founder Anatoly Yakovenko cast doubt on the decentralization and security of Ethereum’s layer-2 (L2) scaling networks during a heated debate on Sunday.

feature a huge attack surface and code bases so large that they cannot be properly audited for software bugs. User funds can also be shifted from L2s, which rely on multi-signature custody, without the users’ consent, Yakovenko .

‘The claim that layer-2s inherit ETH security is erroneous,’ Yakovenko during the debate. He argued: 

“5 years into the L2 roadmap, wormhole ETH on Solana has the same worst-case risks as ETH on base and generates as much revenue for ETH L1 stakers. It’s wrong no matter how you slice it.”

The conversation surrounding Ethereum’s layer-2 scaling networks continues, as developers, investors, and industry executives debate whether the layer-2 networks benefit the Ethereum layer-1 blockchain or hurt it.

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There are 129 verified Ethereum layer-2 networks at the time of this writing, according to , and 29 scaling networks that have not yet been reviewed by the site.

The blockchain industry has about , according to
Adrian Brink, co-founder of Anoma, a layer-1 blockchain protocol.

, Igor Mandrigin, co-founder of Web3 and blockchain infrastructure provider Gateway.fm, argued.

The explosion of L2 networks is a healthy sign for Ethereum that signals network growth and increased diversity in the ecosystem, Mandrigin said.

Anurag Arjun, co-founder of Avail, a unified chain abstraction solution and the Polygon layer-2 network, concurs and told Cointelegraph that each Ethereum L2 , giving Ethereum a multitude of high-throughput options.

However, the proliferation of these layer-2 networks is , according to Binance Research.

These networks are fragmenting liquidity and eating into the revenue on the base layer due to their low transaction fees compared to transacting on the layer-1 blockchain, the researchers wrote.

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