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Is L2 centralized?

Etherum Reddit

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Hey guys,

So i've been reading the IMX white-paper, and i'm pretty concerned about how this and L2s in general work, if i'm understanding right.

But basically, from the time when transactions are bridged off the L1 chain, until the time when they are officially written back on the L1 as a rollup, all that is 'centralized' right?

In other words, after converting ETH to IMX, I could lose it all if they decide to break that bridge altogether, have a bug in their software, or their AWS server doing the work goes down etc? I understand once it's been written back to the L1 chain that obviously all is good, the concern is before that. Thanks.

submitted by /u/enterguild
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