L2 is Centralized

L2 is Centralized

By Kenzoo | Kanza Blog | 27 Mar 2024


The reality should be that L2, especially Adam Back's Liquid Network, is a centralized system. Just like systematic banks that take advantage of centralization in the matter of transaction fees.

9550607de4fd4c4658762bed9d4f400b20ff60d64ae4a1f1a7b57f2f1b59dbd8.jpg

L2 or Liquid Network that occurs today also takes every transaction fee that occurs. This means that it no longer uses the decentralization adopted based on the principle of Bitcoin created in the Cryptocurrency systematic.

b8c8d41c2f8b48982f5ddf500dc937986c1b8178d904b28082d24d0ca5609d00.png

The Liquid Network may argue to create stability in the level of speed and low fees. However, the core problem of the POW condition created means that it is no longer considered a system in the Bitcoin mining system.

99e7ceb22e9b6ebabdd0c513c46beaad929fc6b8f486deb60b89b5276090e751.png

And this is an increasingly shackling manipulation step in the formation of Bitcoin's mastery of the language of financial freedom system that is embraced by the cryptocurrency world. Its sustainability only continues to apply to the return of the old financial system but in the form of advances in the era adapted to the pretext behind the cryptographic screen.

How do you rate this article?

5


Kenzoo
Kenzoo

Just nothink


Kanza Blog
Kanza Blog

Just blogging

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.