Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Base Enhances Decentralization with Upcoming Fault Proofs Launch

Base Enhances Decentralization with Upcoming Fault Proofs Launch

Cryptodnes2024/10/25 12:55
By:Cryptodnes

Base is set to launch permissionless fault proofs on October 30, a significant step towards decentralizing the network and reducing the control of any single entity.

Base announced this upgrade as a crucial milestone in its journey toward decentralization, highlighting that fault proofs will enhance security by allowing users to dispute potentially fraudulent transactions.

Since its debut in August 2023, Base has utilized Optimism’s OP Stack and has rapidly become the largest Layer 2 rollup on Ethereum based on total value locked.

The new fault proofs will function similarly to those already implemented on Optimism’s OP Mainnet, and both platforms are part of the larger Superchain ecosystem alongside projects like Zora, Mode, and Fraxtal.

READ MORE:
Vietnam Unveils National Blockchain Strategy to Boost Innovation

Prior to this update, only a centralized proposer was able to submit the output roots detailing the state of the Base network, which required users to trust these operators for accurate reporting. With the introduction of fault proofs, any network participant can now claim the state of Base and contest invalid withdrawals, thus bolstering the overall security of the network.

While many optimistic rollup blockchains have yet to implement decentralized fault proofs and contract upgrades, Arbitrum and OP Mainnet stand out as exceptions that have already adopted this feature.

SHARE: SHARES
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitget Spot Bot adds MERL/USDT

We are pleased to announce that Bitget spot bot has now added: MERL/USDT. Reference 1. Spot grid 2. Crash course on Spot Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your own r

Bitget Announcement2024/11/15 07:39