Solana (SOL) Founder Anatoly Yakovenko Criticizes Rival Altcoin: "Five Years Have Passed, They Still Can't Figure It Out!"

Remarkable statements came from Solana (SOL) co-founder Anatoly Yakovenko, known for his sharp and bold statements in the cryptocurrency ￰0￱ Ethereum this time, the Solana founder questioned Ethereum (ETH) Layer 2 ￰1￱ whether Ethereum's security and decentralization are preserved at Layer 2, Yakovenko stated that the claim that Ethereum Layer-2 networks have inherited the security of Layer-1 networks is “completely unfounded.” Yakovenko made these comments during a discussion with users at X about issues with Layer 2 ￰2￱ Solana founder emphasized that layer 2s have significant weaknesses in terms of security and decentralization, and that user funds can be controlled through multi-signature ￰3￱ also added that the sheer scale of their code makes auditing nearly impossible.

“The claim that Layer 2 inherits Ethereum's security is ￰4￱ 2 makes full security audits impossible due to a large attack surface and complex code ￰5￱ 2 networks rely on multi-signature-based storage, so funds can be moved without user approval. “It's been 5 years since Layer 2 was introduced, but its problems are still unresolved.” *This is not investment ￰6￱ Reading: Solana (SOL) Founder Anatoly Yakovenko Criticizes Rival Altcoin: "Five Years Have Passed, They Still Can't Figure It Out!"