Remarkable statements came from Solana (SOL) co-founder Anatoly Yakovenko, known for his sharp and bold statements in the cryptocurrency market.
Targeting Ethereum this time, the Solana founder questioned Ethereum (ETH) Layer 2 networks.
Questioning whether Ethereum’s security and decentralization are preserved at Layer 2, Yakovenko stated that the claim that Ethereum Layer-2 networks have inherited the security of Layer-1 networks is “completely unfounded.”
Yakovenko made these comments during a discussion with users at X about issues with Layer 2 solutions.
The Solana founder emphasized that layer 2s have significant weaknesses in terms of security and decentralization, and that user funds can be controlled through multi-signature arrangements.
Yakovenko also added that the sheer scale of their code makes auditing nearly impossible.
“The claim that Layer 2 inherits Ethereum’s security is false.
Layer 2 makes full security audits impossible due to a large attack surface and complex code structures.
Layer 2 networks rely on multi-signature-based storage, so funds can be moved without user approval.
“It’s been 5 years since Layer 2 was introduced, but its problems are still unresolved.”
*This is not investment advice.