dixonamelia (dixonamelia)

‘The claim that L2s inherit ETH security is erroneous’ — Solana co-founder Ethereum layer-2 networks have glaring security and centralization issues, according to Anatoly Yakovenko, co-founder of the Solana blockchain. 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. Layer-2 scaling networks 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 added. ‘The claim that layer-2s inherit ETH security is erroneous,’ Yakovenko said 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.”

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What is the looming power shift between ETH and XRP? Since Ethereum’s Merge update in 2022, the network’s transition to a deflationary model has steadily reduced the supply of Ether ETH $3,301 , increasing its scarcity and reinforcing long-term investor confidence. The reduced supply has elevated ETH beyond a simple utility token, positioning it as a potential store of value within the broader cryptocurrency ecosystem. In contrast, XRP XRP $2.26 has carved out a distinct role as a bridge asset, facilitating instant cross-border liquidity for banks and global payment networks.

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