Blast network hits $400M TVL, rebuts claim that it’s too centralized
The Blast team responded to claims that its multisignature upgrade functionality makes it too centralized. Web3 protocol Blast network has gained over $400 million in total value locked (TVL) in the four days since it was launched, according to data from blockchain analytics platform DeBank. But in a Nov. 23 social media thread, Polygon Labs developer relations engineer Jarrod Watts claimed that the new network poses significant security risks due to centralization. The Blast team responded to the criticism from its own X (formerly Twitter) account, but without directly referring to Watts’ thread. In its own thread, Blast claimed that the network is as de centralized as other layer 2s, including Optimism, Arbitrum and Polygon. On multisig security. Read this thread to understand the security model of Blast along with other L2s like Arbitrum, Optimism, and Polygon. — Blast (@Blast_L2) November 24, 2023 Blast network claims to be “the only Ethereum L2 with native yield for E...