Opinion: Most Ethereum L2s are centralized and have the ability to move user funds without restriction

BlockBeats news, September 2, European cryptocurrency fund Cyber​​ Capital founder and chief investment officer Justin Bons once again criticized the operation of Ethereum L2 solutions. Bons labeled these blockchain platforms designed to improve the scalability of the Ethereum network as dangerous because they have the ability to transfer users' funds without restriction.

Justin Bons said that most major Ethereum L2 solutions are centralized, and a single server is usually responsible for running the platform's operations. Cyber ​​Capital's chief information officer said that this design violates the decentralization and security principles of cypherhunk and is harmful to investors because these chains may collapse at any time due to a single event, and may even be manipulated to steal users' funds.

The founder of Cyber​​ Capital expressed strong opposition to these L2 solutions, saying that they cannot provide the same level of security and stability as the Ethereum main network. In addition, he said that although adverse situations such as loss of user funds have not yet occurred, the existence of such a possibility is highly worrying.