Quantcast

Ethereum co-founder on Base L2: 'Base is doing things the right way'

Bitcoin to Account for 7% of Global Wealth, Surge in Price to $13M in 21 Years: Michael Saylor
Bitcoin (BTC) is once again approaching $70,000 after 3 weeks of rise
Ethereum plunges by 13% despite the launch of ETH ETFs, while this pre-sale raises more than $7 million
Ether ETFs See $107M Inflows on Day One as Trading Volume Tops $1B
Crypto throws Celsius defendants potential lifeline in clawback lawsuits, lawyer says
New Fund Offers Bitcoin Holders Path to EU Citizenship
Ferrari to accept cryptocurrency payments in Europe by the end of the month
Binance CEO on company's 7th anniversary: 'we continue to focus a lot on efforts on education, to work closely with regulators'
Any Near-Term Rebound in Crypto Market Likely to Be Temporary: JPMorgan
Web3 User Experience is Broken, Can ZK Proof Technology Fix It?
Binance CEO: Company collaborates 'with regulators and policymakers' on crypto frameworks
MiCA regulation: what future for stablecoins in the European Union?
Solana Could Hit the Moon with $1,400 Price
Guilherme Nazar moves to Head of Latin America at Binance
Visa's Data Partner Allium Labs Raises $16.5M as Their New Findings Show Stablecoin Activity is Back Up
OKX Europe head sees more crypto mergers as MiCA rules roll out
Ethereum (ETH) Remains Inflationary as Circulating Supply Spikes
Microsoft's giant outage hits airports, banks and major companies
Solana attracts giants like Paypal and Stripe
Payment giant Stripe now offers cryptocurrency purchases by credit card in Europe
Vitalik Buterin, as Other Crypto Leaders Line Up Behind Trump, Argues Against Picking Candidates Just Because They Like Crypto
German government's bitcoin selloff nets $2.9 billion as film piracy case marches on
Singapore court ruling fans suspicions the $125m Multichain hack was an inside job
Will Bitcoin 2024 Conference Be a Game Changer for Crypto?
Plaintiffs File New, Slimmed Down Complaint in Class Action Lawsuit Against Tether
Forbes releases the best crypto top 10 of the year 2024, +90 at 1300%
Why JPMorgan sees a Bitcoin rebound in August
Europe Conquering the Crypto Market: $100 Trillion at Stake!
Binance CEO on 200 million user milestone: 'Crypto has become too big to ignore and is not going away'
SEC Relaxes Crypto Reporting Rules for Banks and Brokerages
Ethereum co-founder on Base L2: 'Base is doing things the right way'
Web3/Crypto
Webp vitalik buterin
Vitalik Buterin, Co-founder for Ethereum | Wikipedia

Vitalik Buterin, co-founder of Ethereum, said that Base's design employs centralized components to enhance user experience while remaining anchored to Ethereum's decentralized security and non-custodial guarantees as measured by L2Beat. This statement was made on the social media platform X.

"Base is doing things the right way: an L2 on top of Ethereum, that uses its centralized features to provide stronger UX features, while still being tied into Ethereum's decentralized base layer for security," said Buterin. "Base does not have custody over your funds, they cannot steal funds or stop you from withdrawing funds (this is part of the L2beat stage 1 definition). This is what we mean when we say that L2s are non-custodial, they are extensions of ethereum, not glorified servers that happen to submit hashes."

Base is an Ethereum Layer-2 network designed to maintain user funds under the control of Ethereum Layer 1 (L1) smart contracts while providing cheaper and faster transactions. According to Buterin, L2 security is measurable, with tools like L2Beat tracking properties such as escape hatches, censorship resistance, and upgrade keys. Users can directly inspect a project's risk profile and status, including Base's dedicated page outlining design trade-offs, bridges, and contracts.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Non-custodial Layer-2 solutions anchor user assets on Ethereum L1 and provide enforced exits. If an operator halts operations, users can still withdraw via on-chain proofs or time-locked "escape" paths defined in the rollup's contracts. L2Beat’s taxonomy summarizes whether users can exit without operator cooperation and what trust assumptions remain. Meanwhile, Ethereum documentation explains challenge periods, validity/fraud proofs, and how data availability enables withdrawals.

Censorship resistance on Layer-2 networks combines protocol rules with user options: if a sequencer refuses transactions, mechanisms like "forced inclusion" or alternative posting routes allow users to submit data directly to L1 or through permissionless channels, ensuring progress. Public incident reports and research threads document these pathways being exercised in practice, illustrating why robust bridging and posting logic are central to rollup security guarantees.

Buterin is a programmer and writer best known as a co-founder of Ethereum. A contributor since Ethereum’s 2015 launch, he has authored widely read posts on scaling, security, and cryptoeconomics. He advocates for a rollup-centric roadmap and techniques like data-availability sampling. His public commentary often explains complex protocol trade-offs for a broad audience and helps set priorities for the ecosystem’s research and development.

Ethereum is a decentralized blockchain for programmable smart contracts secured by proof-of-stake validators. The network’s roadmap focuses on scaling capacity without sacrificing decentralization, progressing from EIP-4844 "blobs" to data-availability sampling and further rollup improvements. Ethereum.org hosts open documentation for developers and users, including security models for Layer-2 solutions and guidance on how L1 contracts ultimately control funds bridged to rollups.

Organizations Included in this History
More News

Carlos Domingo, CEO of Securitize, said that the company is facilitating crypto investors' access to on-chain real-world asset information without the need for coding or blockchain explorers.

Oct 24, 2025

Changpeng Zhao, founder of Binance, commented on DeepSeek's reported success in artificial intelligence trading, highlighting potential market effects and the likelihood of increased research and activity.

Oct 24, 2025

Vitalik Buterin, co-founder of Ethereum, has said that Polygon and Sandeep Nailwal have significantly advanced the ecosystem.

Oct 24, 2025

Binance announced on its website that it has updated the annual percentage rate (APR) for USDe on Binance Earn, offering a 7% flexible rate for eligible users from October 22 to October 30 (UTC).

Oct 24, 2025

Julian Hosp, Founder of Cake DeFi, has expressed concerns about the speculative nature of Bitcoin and MicroStrategy's stock, suggesting they are vulnerable to sharp declines when market sentiment turns negative.

Oct 24, 2025

Binance has announced the launch of direct USD deposits and withdrawals in select regions through BPay Global, a provider licensed by the Central Bank of Bahrain.

Oct 24, 2025