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Polygon is extremely centralized but people don't seem to care. Polygon admin key is controlled by a 5 out of 8 multi-sig contract, and four of these access keys are controlled by the four co-founders. Why aren't we talking more about this? What's the poi

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by COINS NEWS 110 Views

That means just ONE person would need to conspire with the founders in order to compromise the entire network.

There is no road map to fixing this problem that I've read about. (If I'm wrong please correct me.)

THIS IS A HUGE PROBLEM AND ONE THAT ISN'T SPOKEN ABOUT ENOUGH BECAUSE MOONS AND AVATARS!!11!!!

What makes it worse is that people associate Polygon with Ethereum, but the Proof-of-Stake Polygon network is a completely separate entity and inherits zero of Ethereums security or decentralization.

There is only about 100 Polygon PoS validators.

While there are "plans" to eventually become a pure L2 for Ethereum, do you think this will actually happen? Polygon is already on boarding reddit and starbucks, why would they willingly give up power? Especially when the network is control by a few people at the top.

This seems antithetical to the ethos of blockchain and crypto.

When you use Polygon, FIVE people control your funds.

That definitely scares me and wish there was better communication and visibility as to how this is going to be solved.

Justin Bons has a good thread on this detailing security concerns on Polygon:

https://twitter.com/Justin\_Bons/status/1603100139429789697

submitted by /u/gigabyteIO
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