L2 Blast on multi-sig debate: Security exists on spectrum, nothing is fully secure
Paradigm-backed network Blast addressed skepticism surrounding its blockchain model following a swift rise to over $300 million in market cap and promises of a token airdrop. Blast Bridge, an L2 network on Ethereum, pushed back on security concerns espoused by some in the crypto community due to the protocol’s smart contract architecture which safeguards assets using a multi-sig nature build. There are often misunderstandings when it comes to security. Security exists on a spectrum (nothing is 100% secure ) and it's nuanced with many dimensions. There's smart contract security, browser security, physical security. Each dimension has separate attack vectors. — Blast (@Blast_L2) November 24, 2023 On Nov. 24 via an X thread, the project said no contract code security is completely airtight and that each smart contract design has its associated vulnerability. Blast pointed to other layer-2 blockchains like Arbitrum and Polygon that use multi-sig wallets to hold funds,...