Base chain recognized by Vitalik, emphasizing L2 security and non-custodial attributes

ChainCatcher message, jesse.base.eth follows up on paulgrewal.eth's viewpoint, detailing that the Sequencer of Layer 2 blockchains like Base is only responsible for collecting and sorting user transactions, and batch submitting the results to the Ethereum mainnet for settlement. The Sequencer does not have the functionality to facilitate buy and sell transactions; the related logic is implemented by smart contracts.

The team stated that Base has achieved the first phase of decentralization and is advancing further distributed block construction. Vitalik Buterin mentioned that Base, as an Ethereum Layer 2, leverages centralized features to enhance user experience while relying on Ethereum's decentralized underlying security. Base does not custody user funds, and cannot steal or prevent withdrawals; the related security mechanisms have been validated by the L2beat platform.

Vitalik added that when L2 is shut down, users can automatically withdraw, and the operators cannot unilaterally review or steal assets.