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Sony's L2 Launch Highlights OP Stack's Censorship Resistance
The recent launch of #Sony 's Layer 2 (L2) network brought unexpected controversy, showcasing a critical feature of the #OPStack : censorship resistance. Within just 24 hours, an attempt by Sony to block certain tokens unraveled dramatically, proving the robustness of Ethereum’s foundational principles. Here's a detailed breakdown of the events.
Sony’s Controversial Move
Upon launching their L2, Sony implemented a strict policy at the RPC (Remote Procedure Call) level to censor early tokens they deemed “unapproved.” This policy resulted in users receiving a "forbidden" response when interacting with blocked contracts. The intention seemed clear: exert control over the network's token ecosystem.
Immediate Fallout
The consequences were swift and devastating for early token traders. Transactions were blocked, leaving holders unable to sell or manage their positions. One notable example was a $5,000 position that became worthless due to Sony’s restrictions.
This heavy-handed approach highlighted a major flaw: centralized censorship undermines the decentralized ethos of blockchain technology.
Censorship Resistance in Action
Amid the chaos, a significant demonstration of OP Stack’s resilience unfolded. #Ethereum developer @donnoh_eth bypassed Sony's sequencer entirely and successfully forced a transaction through Ethereum’s Layer 1 (L1). This proved that despite L2-level censorship attempts, the OP Stack inherently inherits Ethereum’s censorship-resistant security guarantees.
The Role of OP Stack in Ethereum Security
The #OP Stack, a modular framework used by multiple L2s, ensures that every transaction processed on an L2 is anchored in Ethereum’s L1. This design makes it nearly impossible for L2s to censor transactions permanently, as users can always fallback to Ethereum’s mainnet to execute their transactions.
Key Takeaways
1. Decentralization Prevails: Sony’s censorship efforts backfired because Ethereum’s principles are embedded in the OP Stack.
2. OP Stack's Robust Design: The framework ensures censorship resistance by default, aligning with Ethereum’s core philosophy.
3. Implications for Other L2s: All L2s built on the OP Stack, such as Polynomial Finance, inherit these censorship-resistant features, making them more secure and trustworthy for users.
Sony’s misstep inadvertently became a stress test that showcased the strength of the OP Stack. It serves as a reminder to developers and projects that building on Ethereum’s framework means embracing its decentralized principles.
Do other L2 stacks offer similar guarantees? This question opens a broader discussion on the importance of decentralization in blockchain ecosystems.
$OP
Sony’s Controversial Move
Upon launching their L2, Sony implemented a strict policy at the RPC (Remote Procedure Call) level to censor early tokens they deemed “unapproved.” This policy resulted in users receiving a "forbidden" response when interacting with blocked contracts. The intention seemed clear: exert control over the network's token ecosystem.
Immediate Fallout
The consequences were swift and devastating for early token traders. Transactions were blocked, leaving holders unable to sell or manage their positions. One notable example was a $5,000 position that became worthless due to Sony’s restrictions.
This heavy-handed approach highlighted a major flaw: centralized censorship undermines the decentralized ethos of blockchain technology.
Censorship Resistance in Action
Amid the chaos, a significant demonstration of OP Stack’s resilience unfolded. #Ethereum developer @donnoh_eth bypassed Sony's sequencer entirely and successfully forced a transaction through Ethereum’s Layer 1 (L1). This proved that despite L2-level censorship attempts, the OP Stack inherently inherits Ethereum’s censorship-resistant security guarantees.
The Role of OP Stack in Ethereum Security
The #OP Stack, a modular framework used by multiple L2s, ensures that every transaction processed on an L2 is anchored in Ethereum’s L1. This design makes it nearly impossible for L2s to censor transactions permanently, as users can always fallback to Ethereum’s mainnet to execute their transactions.
Key Takeaways
1. Decentralization Prevails: Sony’s censorship efforts backfired because Ethereum’s principles are embedded in the OP Stack.
2. OP Stack's Robust Design: The framework ensures censorship resistance by default, aligning with Ethereum’s core philosophy.
3. Implications for Other L2s: All L2s built on the OP Stack, such as Polynomial Finance, inherit these censorship-resistant features, making them more secure and trustworthy for users.
Sony’s misstep inadvertently became a stress test that showcased the strength of the OP Stack. It serves as a reminder to developers and projects that building on Ethereum’s framework means embracing its decentralized principles.
Do other L2 stacks offer similar guarantees? This question opens a broader discussion on the importance of decentralization in blockchain ecosystems.
$OP
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I don’t know how to look at the current trend, is it going up or down?
Don’t know how to look at support and pressure? I don’t even know what level of buying and selling points are currently operating.
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I don’t know how to look at the current trend, is it going up or down?
Don’t know how to look at support and pressure? I don’t even know what level of buying and selling points are currently operating.
A complete set of AI trading strategies: "long and short prompts for entry and stop loss positions", with a winning rate of 99%!
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Long and short tips: entry position and stop loss position!
In the era of AI intelligent technology, independent algorithms avoid the suffering of volatile market conditions. There is no waiting for each transaction. Novices can simply execute it, with a winning rate of 99%!
👉Become an analyst in seconds!
#OP.智能策略库 #opbnb #op🔥🔥 #op+arb+opensea+ #OPSEC $OP
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Youziwei’s exclusive notes, the bear market taught me 7 things, it is recommended to collect and follow
1. You cannot hold a full position of a single variety or old coins.
2. Try to control the position of any single variety to 10%, not too high.
3. You can only invest with spare money, you cannot borrow money, and you cannot use leverage.
4. Don’t buy the varieties you don’t understand. Never buy them.
5. Most coins have no value. It is better to choose a variety than to have too much.
6. After the variety loses its gaming attributes, the most profitable thing is to sell and cash out.
7. Core capital institutions can outperform most varieties and most investors in the long term.
#OP.智能策略库 🥇🥇
#opusdt #OpportunityKnocks #opstack #Meme $OP
Youziwei’s exclusive notes, the bear market taught me 7 things, it is recommended to collect and follow
1. You cannot hold a full position of a single variety or old coins.
2. Try to control the position of any single variety to 10%, not too high.
3. You can only invest with spare money, you cannot borrow money, and you cannot use leverage.
4. Don’t buy the varieties you don’t understand. Never buy them.
5. Most coins have no value. It is better to choose a variety than to have too much.
6. After the variety loses its gaming attributes, the most profitable thing is to sell and cash out.
7. Core capital institutions can outperform most varieties and most investors in the long term.
#OP.智能策略库 🥇🥇
#opusdt #OpportunityKnocks #opstack #Meme $OP
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🔥The airdrop is here again, seize the opportunity, it’s not too much to make a few accounts and get a few hundred, right?
100X community news:
L2 network Mode based on OP Stack will start airdrops of points in April to reward its active users
On February 1, the L2 network mode based on OP Stack will start airdrops of points in April to reward its active users.
Mode will allocate 550 million MODE tokens (accounting for 5.5% of the total supply) for incentives, of which 400 million MODE will be allocated to points airdrops; 50 million MODE will be unlocked when it reaches $100 million in TVL; 50 million MODE It will be unlocked when the TVL of 200 million US dollars is reached; 50 million MODE will be distributed to the 500 NFT winners among the top 20% of event participants. Additionally, users can earn sequencer fees from referred users and receive rewards from Mode ecosystem applications.
#mode #op🔥🔥 #opstack $BTC $ETH $OP
100X community news:
L2 network Mode based on OP Stack will start airdrops of points in April to reward its active users
On February 1, the L2 network mode based on OP Stack will start airdrops of points in April to reward its active users.
Mode will allocate 550 million MODE tokens (accounting for 5.5% of the total supply) for incentives, of which 400 million MODE will be allocated to points airdrops; 50 million MODE will be unlocked when it reaches $100 million in TVL; 50 million MODE It will be unlocked when the TVL of 200 million US dollars is reached; 50 million MODE will be distributed to the 500 NFT winners among the top 20% of event participants. Additionally, users can earn sequencer fees from referred users and receive rewards from Mode ecosystem applications.
#mode #op🔥🔥 #opstack $BTC $ETH $OP
HashKey launches HashKey Chain mainnet
#HashKey kicks off the #HashKeyChain mainnet. HashKey Chain, built on the #OPStack , is an #Ethereum #Layer2 blockchain designed for high speed, low fees, and a streamlined developer experience. The mainnet launch aims to connect Web2 and #Web3, unlocking innovation with #BTCFi, #RWA, stablecoins, #PayFi, and more. Additionally, developers can explore the $50M Atlas Grant Program to bring its Web3 ideas to life.
👉 x.com/HashKeyHSK/status/1869200916492021999
#HashKey kicks off the #HashKeyChain mainnet. HashKey Chain, built on the #OPStack , is an #Ethereum #Layer2 blockchain designed for high speed, low fees, and a streamlined developer experience. The mainnet launch aims to connect Web2 and #Web3, unlocking innovation with #BTCFi, #RWA, stablecoins, #PayFi, and more. Additionally, developers can explore the $50M Atlas Grant Program to bring its Web3 ideas to life.
👉 x.com/HashKeyHSK/status/1869200916492021999
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OP
The time-sharing line is in a zigzag shape, wait and see
1. The time-sharing line has changed from its previous smooth shape to a zigzag shape.
2. The time-sharing line oscillates in a lump shape
Don’t be too quick when the upper arc rises, and don’t be too slow when the lower arc rises.
1. The upper arc is rising, but the trading volume is weak and the heart is about to fall.
2. The lower arc is rising, and the trading volume is weak and the heart is going to rise.
Trading is about human nature
The biggest variable in trading is people. Human nature is unpredictable, and neither is the market. You just need to follow it.
I don’t know how to look at the current trend, is it going up or down?
Don’t know how to look at support and pressure? I don’t even know what level of buying and selling points are currently operating.
A complete set of AI trading strategies: "long and short prompts for entry and stop loss positions"!
👉Become an analyst in seconds! #OP.智能策略库 🥇🥇
#OpportunityKnocks #opusdt #opp86878 #opstack $OP
The time-sharing line is in a zigzag shape, wait and see
1. The time-sharing line has changed from its previous smooth shape to a zigzag shape.
2. The time-sharing line oscillates in a lump shape
Don’t be too quick when the upper arc rises, and don’t be too slow when the lower arc rises.
1. The upper arc is rising, but the trading volume is weak and the heart is about to fall.
2. The lower arc is rising, and the trading volume is weak and the heart is going to rise.
Trading is about human nature
The biggest variable in trading is people. Human nature is unpredictable, and neither is the market. You just need to follow it.
I don’t know how to look at the current trend, is it going up or down?
Don’t know how to look at support and pressure? I don’t even know what level of buying and selling points are currently operating.
A complete set of AI trading strategies: "long and short prompts for entry and stop loss positions"!
👉Become an analyst in seconds! #OP.智能策略库 🥇🥇
#OpportunityKnocks #opusdt #opp86878 #opstack $OP
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Mode Season 2 will last until September 6, and 500 million MODE tokens will be distributed.
According to news on May 6, Mode, a Layer 2 network built on OPStack, launched Season 2 yesterday, which will last until September 6, 2024. 500 million MODE tokens have been distributed in the Season 2 airdrop, accounting for 5% of the total supply, and up to 1 million OP tokens will be provided through various incentive activities. In addition, the official also plans to introduce new assets such as Velodrome, Balancer and other applications, as well as Ethena's USDe and sUSDe, as well as MODE staking plans. Users can participate in these activities to receive point multipliers and ecosystem airdrops.
Previously, Golden Finance reported that Mode will launch the governance token MODE on May 7, with a total supply of 10 billion, of which 5.5% will be used for the first user airdrop. The second airdrop will last from May 5 to September 6, when another 500 million tokens will be issued. #mode #mode空投 #opstack #Layer2 #Ethena
According to news on May 6, Mode, a Layer 2 network built on OPStack, launched Season 2 yesterday, which will last until September 6, 2024. 500 million MODE tokens have been distributed in the Season 2 airdrop, accounting for 5% of the total supply, and up to 1 million OP tokens will be provided through various incentive activities. In addition, the official also plans to introduce new assets such as Velodrome, Balancer and other applications, as well as Ethena's USDe and sUSDe, as well as MODE staking plans. Users can participate in these activities to receive point multipliers and ecosystem airdrops.
Previously, Golden Finance reported that Mode will launch the governance token MODE on May 7, with a total supply of 10 billion, of which 5.5% will be used for the first user airdrop. The second airdrop will last from May 5 to September 6, when another 500 million tokens will be issued. #mode #mode空投 #opstack #Layer2 #Ethena