Vitalik praises Base as the right way to scale Ethereum, saying its non-custodial feature ensures user fund security
Jinse Finance reported that Vitalik posted on X, stating that Base is operating in the correct way: it is a layer 2 network (L2) built on top of Ethereum, leveraging its centralized features to provide a stronger user experience, while relying on Ethereum’s decentralized base layer to ensure security. Base does not custody user funds; they cannot steal funds, nor can they prevent users from withdrawing funds (which aligns with L2beat’s Stage 1 definition). I feel that many people are confused by some recent cynical voices, believing that L2beat is some kind of “geek version of a regulatory institution.” This is not the case. The security provided by L2s, and the metrics measured by L2beat, reflect specific mechanisms that genuinely protect users from “exit scam” risks. What we mean by L2 non-custodial: they are extensions of Ethereum, not just “advanced servers” submitting hashes. In the smart contract logic of Ethereum L1, concrete channels have already been implemented and successfully used in real-world cases, ensuring that L2 user funds are ultimately controlled by L1. L2 operators can neither steal nor prevent users from withdrawing funds.
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