At Binance Blockchain Week in Istanbul, CertiK COO Jason Cao was invited to participate in the roundtable discussion "The Pillars of Crypto Infrastructure" and share CertiK's experience and views in Web3 security, scalability and decentralization. He mentioned that Bitcoin’s L2 Lightning Network has grown an estimated 1,212% in two years, according to data from Bitcoin exchange River. With the explosion of transactions and the popularization and application of blockchain technology, the importance of Web3 infrastructure security has become increasingly prominent.
Jason Cao believes that solving the trilemma of blockchain security, scalability and decentralization is not easy, and we must make a trade-off between these three goals. Build a reliable and efficient encryption infrastructure through mechanisms such as sharding, L2 rollups, modular blockchains, etc., and greatly improve the scalability issues of Web3 as much as possible without sacrificing security and decentralization.
At the same time, he pointed out that while exploring the solution of the trilemma by technology itself, the system should be studied as a whole to ensure the security of the solution, rather than just focusing on a few key elements such as smart contracts, cryptography and consensus mechanisms. Through continuous innovation and improvement, these solutions are expected to bring revolutionary changes to governance and operations in the digital age.
