The Blast team has responded to claims that its multisignature upgrade functionality makes it too centralized. Polygon Labs developer relations engineer Jarrod Watts raised concerns about the security risks and centralization of the Blast network. In response, the Blast team stated that the network is as decentralized as other layer 2 solutions like Optimism, Arbitrum, and Polygon. Watts argued that Blast is not a true layer 2 and lacks certain functionalities, such as a withdrawal function. He also pointed out potential attack vectors that could compromise user funds. The Blast team defended its protocol, stating that security exists on a spectrum and that upgradeable contracts can be more secure in some cases. They assured users that the keys for the upgradeable contracts are stored securely and managed by an independent party. It should be noted that other protocols, such as Stargate and Ankr, have faced similar criticisms regarding their upgradeable contracts in the past.
Summary:
– Blast network has gained over $400 million TVL since its launch.
– Polygon Labs developer raised concerns about centralization and security risks.
– Blast team responded by stating that the network is decentralized and as secure as other layer 2 solutions.
– Watts argued that Blast lacks certain functionalities and highlighted potential attack vectors.
– Blast team defended its protocol, stating that upgradeable contracts can be more secure in some cases.
– Keys for the upgradeable contracts are stored securely and managed by an independent party.
– Similar criticisms have been raised against other protocols in the past.
