Vitalik Buterin: Sony’s L2 controversy shows how Ethereum can be a great business tool

Vitalik Buterin at ETH Taipei 2024. Photo: Rug Radio/Decrypt

Ethereum Vitalik Buterin, co-founder of Ethereum, weighed in on Wednesday the controversy surrounding SoneiumThe Sony launched Ethereum Layer-2 Scaling Network Some meme coin dealers were in the dark this week when trying to suppress some transactions.

“Businesses can make very fine-grained choices around how much control they keep vs. give to users,” Buterin writes in the a You can post a comment below. Twitter is now known as on X. “But whatever rules they choose, that's what the rules are.”

Soneium launched officially in June, but some Discord users were unhappy that they could not transact with two growing meme coins, Aibo and Toro. DL News.

The coins were named after Sony’s robotic dog line and the PlayStation mascot. Smart contracts It was a quick decision “forbidden,” According to BlockscoutA so-called block explorer This allows users to monitor transactions in the network.

There was a brief appearance that the meme coin trader’s accounts were cut. Soneium posted a message on X’s account You can find out more about this by clicking here. The team took the initiative to take action. “steps to safeguard intellectual property” Placement “temporary restrictions on certain contracts.”

As they say: degens always find a solution.

Luca Donno is a researcher for the website L2 Beat. Shown Below How Soneium’s users can bypass the restrictions of its network on X. Instead of trying to transact on Soneium itself, where users faced hurdles, they could instead force transactions through directly on Ethereum’s network with a little technical know-how—though the transactions faced a 12-hour delay.

It showed how layer-2 Ethereum networks built on Ethereum are designed with censorship-resistance in mind. Buterin said that Sony designed the system to be censorship resistant. “a large speed bump,” The sequencer is able to perform a variety of functions. “throttle transactions but not censor” them.

Sota watanabe is the director of Sony Block Solutions Labs. Decrypt Soneium isn’t anti-meme coins, but instead “pro-responsibility.” He said that the team of the network would introduce a grace-period for any potential blacklisting decision.

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"As Vitalik Buterin has emphasized, the blockchain space must balance innovation with ethical responsibility," “He said” "In this case, the affected contracts directly infringed on Sony’s intellectual property, requiring swift action to uphold creators’ rights."

Soneium is a layer-2 blockchain that offers faster and cheaper transactions than Ethereum. Transactions are bundled and sent to the base network when they have been processed. The layer-2 network sequencer is responsible for ordering and relaying these transactions to Ethereum.

Soneium currently uses a sequencer that is centralized. L2 beat. Soneium can now control which transactions will be processed in the network. “blacklist” According to an article, RPCs are nodes in the chain that help support projects. blog post Soneium is the publisher of this book.

“Importantly, these actions do not censor the blockchain itself,” Soneium highlights its team. “The blacklisting only applies to specific smart contracts on Soneium's public RPCs and does not prevent users from accessing the chain through other means.”

Soneium uses the OP Stack. It is a standard open-source software that drives Optimism, including the Optimism ecosystem. Coinbase-launched layer-2 Base You can also read about the Ink launched by Kraken. The OP Stack is designed to allow users to bypass Soneium’s sequencer.

In the context meme coins, it is common to overlook intellectual property as projects look to profit unofficially from everything. Hotdogs The following are some of the ways to get in touch with us: People’s pets. Soneium appears to be welcoming meme coins. However, they appear to want to find a good balance between the silly coins and their serious goals.

“We view meme coins as a powerful tool when developed responsibly and within ethical and legal frameworks,” Soneium’s spokesperson said Decrypt. “We are committed to fostering an environment where innovation thrives while ensuring the rights of creators are protected.”

Buterin was not critical of Soneium, and argued that both open-source systems, as well as those which appear to be relatively closed, can exist within the Ethereum ecosphere. 

He knows what’s most important. WriterFully open environments are what you want to have. “critical mass” This is what you should know “enough tools are available for users to understand the properties of the on-chain environments they are spending their time in.”

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Andrew Hayward edited the book

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