Rollups are not real yet: L2 centralization after Scroll and Linea halts
Quote134 words
Argues over 160 live or planned L2s and L3s are largely centralized, as Scroll and Linea both halted their chains after exploits by team decision. Points to an A1 and Redacted report on L2 trust assumptions.
Key claims
>160 L2s and L3s live or in the making
Scroll and Linea were halted by their teams after exploits
๐ฅ๐ผ๐น๐น๐๐ฝ๐ ๐ฎ๐ฟ๐ฒ ๐ป๐ผ๐ ๐ฟ๐ฒ๐ฎ๐น (๐๐ฒ๐).
We have >160 L2s & L3s live or in the making.
Many are alike, none are the same, but they all have one thing in common.
They are largely centralized systems, collectively securing billions of $$$ in value.
What that means has recently been evidenced in the cases of @Scroll_ZKP and @LineaBuild.
Both chains were halted after an exploit, a decision made centrally by the team.
While certainly done in good faith in these specific cases, it has shed a spotlight on the trust assumptions that underly L2s today.
In our most recent report with @RedactedRes, we dive into the state of L2s and unveil who and what you trust, where the risks lie and how the future will look like.
Highly recommended read for any L2 user! ๐๐
QUOTING @a1research__
The Truth about L2 Trust Assumptions โ Imagine you are a DeFi user on a rollup. Your favourite app gets hacked and you are down five figures. โ Would you want the chain to be stopped to retrieve the funds? โ Imagine you hold six figures on a L2 with billions in TVL. โ Would you w
The Truth about L2 Trust Assumptions โ Imagine you are a DeFi user on a rollup. Your favourite app gets hacked and you are down five figures. โ Would you want the chain to be stopped to retrieve the funds? โ Imagine you hold six figures on a L2 with billions in TVL. โ Would you w
What came next ยท since 21 Jul 2024
Since then
Zero has written 1 more piece on Scroll since this one.