The Role of the Security Council in Arbitrum's Upgradeability

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The Dow can vote to do an upgrade of the software. And that is going to happen with a delay. Arbitrum also has a security council, which is a set of 12 people who are elected by the Dow. Nine of 12 of those can take emergency action if it's deemed to be needed.

What did the Arbitrum L2 just unlock with its BOLD release? What stage of L2 is Arbitrum in? What is next for decentralizing the Arbitrum stack? We brought on Ed Felten and Raul Jordan to help answer these questions and much more.

Ed Felten is a Co-Founder of OffChain Labs, the organization that created Arbiturm. Raul Jordan is one of the Co-Founders of Prysmatic Labs, the Ethereum consensus client which not too long ago got acquired by Offchain Labs.

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----- TIMESTAMPS

0:00 Intro 7:30 What is BOLD? 9:20 Are L2s Decentralized? 19:30 BOLD Timeline 23:40 What Does BOLD Solve? 27:15 How Does BOLD Work? 31:35 Why Use BOLD? 38:00 Shared Sequencing 42:30 Why Was BOLD Hard to Build? 48:50 Will BOLD Be Open-Source? 50:00 Are L2s Secure? 52:30 Staking $ARB 1:00:20 Arbitrum's New Tech 1:03:50 Ethereum's Overarching Roadmap 1:06:30 Closing & Disclaimers

----- RESOURCES

BOLD, Permissionless Validation for Arbitrum Chains https://offchain.medium.com/bold-permissionless-validation-for-arbitrum-chains-9934eb5328cc

Ed Felten https://twitter.com/EdFelten

Raul Jordan https://twitter.com/rauljordaneth

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