İstanbul escort bayan sivas escort samsun escort bayan sakarya escort Muğla escort Mersin escort Escort malatya Escort konya Kocaeli Escort Kayseri Escort izmir escort bayan hatay bayan escort antep Escort bayan eskişehir escort bayan erzurum escort bayan elazığ escort diyarbakır escort escort bayan Çanakkale Bursa Escort bayan Balıkesir escort aydın Escort Antalya Escort ankara bayan escort Adana Escort bayan

17.7 C
New York

ETH Devs Under Attack for Backdoors in Layer Two and Rollup Solutions

Published:

What has become of the unchangeable, permissionless, and prohibition resistance as the exchange claimed widely?

This question was asked by Chris O when the Ethereum Co-founder, Vitalik Buterin, through a video, revealed that there is a backdoor for every layer two and rollup solutions on the Ethereum protocols Devs.

READ ALSO:In spite of Privacy Concerns, Binance Collaborates with Japanese KYC Provider

Surprisingly, the table immediately turned against the developers of Ethereum, the largest altcoin network. The cryptocurrency community is now against the ETH developers.

Fast facts

  • Vitalik Buterin said in a video that, on every layer two and rollup solution on ETH, there is a backdoor for the protocol developers to enter to carry out changes if needed.
  • Buterin’s comments were unacceptable to the Cardano community. They believe that this video revealed, in detail, the underhanded practices of developers. As a result, the ETH developers come under attack.
  • The Cardano community believes that Vitalik Buterin really means that the protocol developers have a way out on every L2 and rollup solution on Ethereum. Moreover, some ETH developers admitted they couldn’t stake all of their Ethereum.
  • After Ethereum Co-founder’s statement, which he said during an interview, went viral, a renowned Cardano Original Gangster, Chris O, went to X, the former Twitter, to blast Buterin.
  • Chris O further said that ADA (Cardano) and BTC (Bitcoin) are the only reliable cryptos as they don’t entertain backdoors for the protocol developers.
  • Although this comment by Buterin attracted much criticism, some personalities still communicated that the backdoor allowed to protocol developers is a concept that has been unique to cryptocurrency.

What’s Happening in Crypto Today?  

At the time of this writing, Bitcoin is trading at $29,331.71, with a drop in its market cap by 0.08% and an increase in trading volume by 76.68%.

Ethereum, on the other hand, is presently trading at $1,844.09, with a drop in market cap by 0.23% and an increase in trading volume by 92.08%.

  • Meanwhile, Cardano is currently trading at $0.2897, with a drop in market cap by 0.40% and an increase in trading volume by 23.15%.
  • Dogecoin is currently trading at $0.0746, with a drop in market cap by 1.89% and an increase in trading volume by 12.03%.
  • On the side of Solana, it is presently trading at $24.47, with a drop in market cap by 0.99% and an increase in trading volume by 8.07%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Related articles

Recent articles

spot_img