Ethereum Founder Vitalik Buterin Acknowledges All ETH L2s Have 'Backdoors'
Portfolio Pulse from Murtuza Merchant
Ethereum founder Vitalik Buterin has acknowledged the presence of 'training wheels' or backdoors in Ethereum Layer 2 (L2) solutions. These backdoors allow developers to intervene and modify the protocol in case of bugs or other issues. However, they also present potential vulnerabilities that could compromise the security of funds or data stored within the L2 solutions.
August 14, 2023 | 7:37 pm
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The acknowledgement of backdoors in Ethereum's L2 solutions by its founder could potentially impact the trust and security perception of the platform, possibly affecting the price of Ethereum in the short term.
The presence of backdoors in Ethereum's L2 solutions, as acknowledged by its founder, could raise security concerns among users and investors. This could potentially lead to a decrease in demand for Ethereum, thereby affecting its price in the short term.
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