Coinbase's Base Adds Fault Proofs, Patching Achilles' Heel of Optimistic Setup
Coinbase's layer-2 chain, Base, has implemented fault proofs on its main network, marking a significant move towards decentralization. This update follows Optimism's integration of fault proofs, a crucial feature of optimistic rollups. As detailed by Base, these fault proofs enhance decentralization through two primary capabilities: permissionless proposals and permissionless challenges. With permissionless proposals, any participant can validate Base’s state, minimizing reliance on centralized authorities. Additionally, users can challenge fraudulent claims within 3.5 days, incentivizing community engagement and network security. The introduction of fault proofs is designed to reduce trust dependencies on centralized entities, fostering a more secure and participatory environment for users. In related developments, various projects are enhancing the crypto landscape, including the relaunch of the decentralized streaming platform Soulbound and the fundraising success of Nitro Labs for their SVM-as-a-Service platform. These efforts reflect ongoing innovation within the crypto space, contributing to a dynamic sector.
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