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It's curious how few people bring up what's really happening under the hood with Layer 2 solutions. When you strip away the marketing, a single entity essentially controls the whole stack—sequencers, bridges, upgrade keys, the smart contract logic itself, withdrawal mechanics, and emergency pause functions. All in one place.
Yet somehow this rarely enters the conversation when comparing to Solana's 800-validator security model and its distributed validator ecosystem. The narrative around centralization tends to flow in one direction, but the technical reality of L2 architecture tells a different story. Worth examining where the actual control really sits.