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What does a decentralized Layer 2 look like?
What is actually being decentralized?
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A decentralized Layer 2 is a rollup with a secured bridge to L1, with an escape mechanism to L1 even if the rollup fails completely (including funds in a smart contract).
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Sequencing and proving are permissionless, which also means a failed rollup can be revived seamlessly by the community. Contract upgradeability is also decentralized, at the very least by governance — with some of the critical modules like the bridge holding funds being immutable.
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Ideally, we’d like to have ossified rollups eventually that are fully immutable. There should be easily accessible tools that let people access and exit from the rollup without any trust assumptions beyond running L1 nodes. Do all of this and a rollup is practically as secure and decentralized as L1.
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Are all L2’s automatically safe to use?
Absolutely not!
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L2Beat.com has detailed descriptions of the security risks for each rollup.
This is early tech, so proceed with caution!
🔥🔥🔥 Silicon Valley is still, far and away, the tech capital of the US. Startups in the metro (including SF) raised $105B in 2021, more than doubling 2020’s total of $52B. New York took the #2 spot at $55B in funding, growing threefold from last year’s $18B.
It was a record year for global & US venture funding, exits, unicorns, and more.
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Global venture deals and dollars reached record highs in 2021. Funding more than doubled year-over-year as startup investment soared across sectors and geographies.
In our State Of Venture 2021 Report, we dig into global investment trends to spotlight takeaways like:
The record unicorn count, unicorn birth trends, and the highest-valued unicorns to close out the year
The data behind the biggest year in global funding, up 111% year-over-year
Which region raised the most venture dollars in 2021, and which saw the most deals
How 2021’s M&A, IPO, and SPAC exits compare to previous years
Which investors backed 300+ companies in 2021
The sector accounting for $1 in every $5 of global venture funding
The 5+ US metro areas with record-high funding quarters in Q4
And much more
Below, check out a few highlights from our 273-page, data-driven State Of Venture 2021 Report.
For deeper insights, all the record figures, and a boatload of private market data, download the full report.
