Buterin Reveals: How Base Achieves Unbreakable Security and Censorship Resistance as an L2 Solution

Vitalik Buterin just dropped the blueprint for Base's fortress-like security—and it's rewriting the Layer-2 playbook.

The Architecture of Trust

Base isn't just another scaling solution—it's built on Ethereum's bedrock security while cutting transaction costs by over 90%. The protocol uses advanced fraud proofs that kick in within hours, not days. No single entity can freeze assets or reverse transactions.

Censorship Resistance in Action

While traditional finance gatekeepers freeze accounts at will, Base's decentralized sequencer network bypasses centralized choke points. Transactions process even if regulators come knocking—a feature that would give your average bank compliance officer nightmares.

The Fine Print

Sure, the tech's impressive—but let's see if it actually makes money for anyone besides the VCs who got in early. Another 'revolutionary' protocol that might just revolutionize how quickly retail investors can lose money.

Base proves secure scaling isn't just possible—it's already here, running circles around legacy systems that still think blockchain is a buzzword.

Are L2s capable of grabbing user funds?

Armani Ferrante, founder of the Backpack wallet and DEX, mentioned that in some cases, margin trading may require a FORM of custody and funds that are briefly locked by a third party, to achieve trading. Ferrante, who was an early hire of Alameda Research, aims to dispel fears of custodial overstepping and harming the rights of depositors. 

Sunil Kavuri, FTX creditor activist, warned that not all trading was the same, as in the case of Alameda Research, which directly grabbed and used deposits to FTX. 

So far, there is no data of a L2 chain being able to control user funds to a high extent, repeating the model of Alameda Research. Ethereum’s infrastructure still allows censorship-free, direct movements of L2 tokens. 

Jesse Pollak, founder of Base, explained the chain’s sequencer. He stated the Base sequencer works as a fast lane, but users were free to order Base transactions directly on Ethereum, with no censorship. This pathway to transacting may take longer to settle in some cases, suggesting sequencers can still affect some transactions, as users will have to accept delays.

L2 chains keep expanding activity

L2 chains keep expanding their activity, with 35% in value growth for the past year. As of September, the chains secure $54.9B in value, moving close to the previous all-time peak in late 2024. 

Base is also achieving new milestones, securing over $14.92B in value. The chain carries over $4B in stablecoins, through its native USDC. However, Arbitrum is once again the venue for bridged stablecoins, expanding from 4.9B to 9.33B in dollar-pegged tokens, including USDT, USDC, and other assets.

Overall, the stablecoin supply on top L2 chains is NEAR an all-time high, based on demand for lending and trading.

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