Part 10/17:
Ethereum remains a divided story. Existing Layer 2 and Layer 3 solutions—initially heralded as scalability fixes—are revealing centralization and security concerns. Many L2s rely on multi-signature governance, with only a handful of entities controlling protocol state, thus undermining Ethereum’s promise of decentralization.
Vitalic’s recent blog posts highlight big existential questions facing Ethereum’s future, such as whether nodes should store complete historical data or if no-ops should be tolerated in the endeavor to scale. These discussions raise fundamental concerns about security and protocol integrity, especially as L2s increasingly centralize around a few hubs and governance models.