You call that decentralized? Layer 2s are destroying crypto
Rollup-based layer 2s destroy crypto’s trustless nature through centralized sequencers that control inclusion, ordering and execution of transactions.
Opinion by: Steven Pu, co-founder of Taraxa
The rollup-based layer 2s that are all the rage today are destroying crypto or, more precisely, the very trustless nature of crypto, by rapidly eroding its decentralized trustlessness.
Crypto’s uniqueness comes from its trustlessness, powered by the underlying infrastructure primarily in layer 1s. The only way to be truly trustless is to be fully decentralized, where decisions are made dispassionately by a large and randomized set of nodes from all across the world, operated and owned by people who, in aggregate, have little to no connections.