Here's how L2 transactions are safe, according to Ethereum founder
According to Buterin, Ether L2 inherits L1 security, meaning, assets on the L2 are safe and can be withdrawn as long as the L1 is secure.
Typically on blockchains today, after transactions there is a seven-day validation period. This means that if one wants to withdraw money from an L2 blockchain, they would have to wait a week.Ethereum in response to criticisms, backing his argument with concrete facts. He emphasized that both Layer 1 and Layer 2 solutions on Ethereum confirm transactions within seconds, with L2 transaction fees being less than $0.01, addressing concerns about high costs.
In addition to showcasing these achievements, Buterin highlighted advancements in zero-knowledge technology, such as ZK voting and ZK ID.
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