BREAKING
175d 1h ago

Vitalik Defends Base as an Ethereum L2: Centralized UX Gains Without Custody or Withdrawal Risk

ETH

ETH/USDT

$2,356.43
+8.28%
24h Volume

$31,047,650,067.90

24h H/L

$2,386.02 / $2,174.06

Change: $211.96 (9.75%)

Long/Short
47.6%
Long: 47.6%Short: 52.4%
Funding Rate

-0.0008%

Shorts pay

Data provided by COINOTAG DATALive data
Ethereum
Ethereum
Daily

$2,358.66

0.24%

Volume (24h): -

Resistance Levels
Resistance 3$2,596.37
Resistance 2$2,476.96
Resistance 1$2,396.40
Price$2,358.66
Support 1$2,355.74
Support 2$2,233.72
Support 3$2,109.13
Pivot (PP):$2,358.51
Trend:Sideways
RSI (14):66.9

COINOTAG reported on September 23 that the debate over centralization of Base layer sequencers has intensified, with some critics suggesting Base functions more like a trading platform than a conventional Layer 2 network. Ethereum co-founder Vitalik Buterin publicly defended the design, stating that Base’s use of sequencer-level centralization is an intentional trade-off to deliver enhanced user experience while anchoring finality and security to the Ethereum base layer.

Vitalik also highlighted that Base does not custody user funds and, per L2beat’s Phase 1 criteria, cannot seize or block withdrawals — a structural assurance that aligns the sequencer model with established Layer 2 security expectations and the broader Ethereum settlement architecture.

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