Solana’s co-founder has expressed concerns that all Layer 2 solutions currently depend on the “upgradable multisig” mechanism, which undermines their security guarantees. This reliance on upgradable multisig systems raises questions about the effectiveness of security measures in place for these solutions. The co-founder argues that such mechanisms render security assurances virtually meaningless, as they can be altered or compromised. The implications of this critique suggest a need for more robust security frameworks in Layer 2 technologies to ensure their reliability and trustworthiness. As the landscape of blockchain technology evolves, addressing these security concerns will be crucial for the adoption and success of Layer 2 solutions.
