Ethereum co-founder Vitalik Blerin explained when she believed that Rollup-based Layer-2-based platforms should be decentralized, and why “soon” is an incorrect answer.
In one May 5 x PostButerin explained that there is a proper time for rollup -based scalability solutions to move to a decentralized model. This moment depends on how the possibility of failure of the proof system has fallen compared to the risks introduced by centralization.
Baterin’s thread came in response to a separate post by decentralized founder of exchange loopring and CEO Daniel Wang. Wang explained to his thread That the maturity of a system is important to its security:
“Not all codes are created equal. A rollup can be stage 2, but running a fresh code that has never been tested under real stress.”
Rollup development is classified in stages: stage zero, stage one and stage two. Each stage is especially decentralized, with a stage of two completely decentralized and distrustful.
Related: Vitalik Blerin’s vision for Ethereum: Pectra, Glamsterdam and more
Code that has experienced war
Cryptocurrency systems governing significant properties are exposed to evil actors related to income worldwide. Although a project does not feature a Bug Bounty program that promises payments to people who find weaknesses, it still gets under a microscope – it can only pay more for the found mistakes.
This threat is increasing as evil actors supported by the country increase the level of crypto activity. One of the examples of this is the Lazarus hacking groupresponsible for many high-profile hacks in the crypto space, including The $ 1.4 billion bybit hack.
Wang suggested to introduce a new measure for the veteran code that survived the pressure exposure to the highly excited advanced hackers and hacker groups: “Battletested.” The BatTletested Badge was awarded a rollup that continued to secure at least $ 100 million of properties for at least six months, with at least $ 50 million in ether (Eth) and a major stablecoin.
Also, this badge will disappear with every update, as the new code will have to survive in the raid of attacks to earn it as well. Buterin Commented In Analysis:
“A good reminder that Stage 2 is not the only thing that matters for security: the quality of the underlying proof system is also important.”
The analyst at Kronos Research Dominick John told Cointelegraph that “to responsible transition from Stage 1 to Stage 2, Rollup teams should (…) see correlated risks such as shared weaknesses in geopolitical chokepoints that can compromise the reliability of the Multious Security Council. is often not detected until the locked value crosses $ 100 million.
“The real green light for decentralization is not when the proof system looks great on paper, but when it proves under the real economic pressure more reliable than the potential for coordinated failures among council members.”
Related: Vitalik wants to make Ethereum ‘as simple as Bitcoin’ in 5 years
When will the decentralized going?
Buterin explained that the best time for a protocol to go decentralized is when its onchain proof system is safe enough for centralized substances that serve as a centralized point of failure or risk of collecting to be a bigger threat. This is because until a system is proven to be safe enough, decentralization, which increases the hope of this system, can end up making the system safer.
Mike Tiutin, Chief Technology Officer in decentralized compliance with protocol Purefi, told Cointelegraph that “going decentralized early (…) could leave users weak.” John explained that “decentralization is not a race, it is a lasting responsibility shared by the whole ecosystem.” He explained that the rush on stage of the two ideology before safety and increases the risks:
“In the stage one, councils can walk if something breaks. In Stage 2, a single bug can eliminate billion -billion without rollback.”
While going to decentralized immediately is recognized as a problem, many experts feature the issue of not going to decentralized. Arthur Breitman, co-founder of the Tezos Blockchain, told Cointelegraph that the “well-known Ethereum L2S” is “Custodial Introduction”:
“Private entities control the basic logic, harmful to the integrity of the owner; banking on their safety in union is fragile, and failure is likely to be linked.”
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