Re:Why Solana Was Decimated by Bankman-Fried’s Downfall
by TimJRobinson on Wednesday December 28, 2022 @07:50PM
(#34168107)
Well yea, Ethereum L2s are all just one sequencer ATM.
The point an L2s is they are secured by Ethereum, not be their own consensus. They have an escape hatch so if they ever go down / disappear / attempt to steal all the money - then anyone can force a withdraw to Ethereum and be safe. If Solana goes down there's nothing you can do.
The point an L2s is they are secured by Ethereum, not be their own consensus. They have an escape hatch so if they ever go down / disappear / attempt to steal all the money - then anyone can force a withdraw to Ethereum and be safe. If Solana goes down there's nothing you can do.