Share this text
Ethereum layer-2 blockchain Linea has come beneath scrutiny from the crypto group following its determination to unilaterally cease block manufacturing in response to a hack on Velocore, a decentralized alternate (DEX) working on its community. The transfer has ignited a dialogue concerning the significance of decentralization and censorship resistance within the blockchain business.
The Velocore hack resulted within the switch of 700 ETH, price over $2.6 million, from the Linea community through an undisclosed third-party bridge. Linea said that it halted the sequencer to forestall additional funds from being bridged out after failing to contact the DEX workforce promptly. The blockchain additionally censored the hacker’s addresses to mitigate the affect on its customers.
Linea defended its actions, stating that the hacker was beginning to promote a major quantity of tokens for ETH, which may have led to further issues for customers past the liquidity pool-draining exploit.
Nevertheless, the crypto group has criticized Linea’s determination, with some arguing that it contradicted the core ideas of decentralization and censorship resistance.
Mert Mumtaz, CEO of Helius Labs and a Solana supporter, acknowledged the reasoning behind the transfer however questioned its long-term implications. Alex Gluchowski, CEO of Matter Labs, careworn the significance of decentralization for all sequencers and referred to as on layer-2 options to prioritize integrating decentralization into their platforms.
In response to the criticisms, Linea reaffirmed its dedication to decentralizing its community and sequencer to forestall comparable incidents sooner or later. The blockchain said that its objective is to create a “permissionless, censorship-resistant atmosphere” the place the workforce will not have the ability to halt block manufacturing or censor addresses.
“When our community matures to a decentralized, censorship-resistant atmosphere, Linea’s workforce will not have the flexibility to halt block manufacturing and censor addresses – it is a major objective of our community,” Linea said.
Linea additionally famous that almost all competing networks nonetheless rely on centralized technical operations to safeguard ecosystem individuals. The incident has reignited the talk concerning the position of centralized entities in decentralized programs and the “blockchain trilemma” challenges confronted by protocols and networks on the matter of balancing safety, decentralization, and scalability for customers.
Share this text