Tim Beiko, a leading developer at the Ethereum Foundation, has addressed the community regarding the proposed Ethereum network rollback. He sought to clarify the technical reasons making a rollback impractical, offering an "Explain Like I'm 5" (ELI5) explanation for non-technical members.
The discussions emerged after the $1.4 billion Bybit incident, prompting some to suggest a chain rollback as a remedy. However, Beiko detailed why such a reversal isn't technically feasible for the Ethereum network, ultimately dismissing the option.