Buterin commented on the analysis:“A good reminder that stage 2 is not the only thing that matters for security: the quality of the underlying proof system matters too.“Analyst at Kronos Research Dominick John told Cointelegraph that “to responsibly transition from stage 1 to stage 2, rollup teams must […] take a hard look at correlated risks like shared custody weaknesses or geopolitical chokepoints that can compromise the reliability of multisig security councils.” He said that such risks often go unnoticed until the locked value crosses $100 million.
Source: Vitalik ButerinMike Tiutin, chief technology officer at decentralized compliance protocol PureFi, told Cointelegraph that “going decentralized too early […] can leave users vulnerable.” John explained that “decentralization isn’t a race, it’s a long-term responsibility shared by the entire ecosystem.” He explained that rushing to stage two puts ideology before safety and increases risks:“In stage one, councils can step in if something breaks.
He added:“The real green light for decentralization comes not when the proof system looks good on paper, but when it proves under real economic pressure that it’s more reliable than the potential for coordinated failures among council members.“Related: Vitalik wants to make Ethereum ‘as simple as Bitcoin’ in 5 yearsWhen to go decentralized?
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Author / Journalist: Cointelegraph by Adrian Zmudzinski
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