Ethereum

2024

Base

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Coinbase’s layer-2 network Base is set to launch the fault-proof system, allowing users to independently confirm the validity of withdrawals.
<a href="https://crypto.news/tag/ethereum/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a>-based network <a href="https://crypto.news/tag/base/" target="_blank" rel="noopener noreferrer nofollow">Base</a> will integrate <a href="https://crypto.news/tag/optimism/" target="_blank" rel="noopener noreferrer nofollow">Optimism</a>‘s fault-proof system — also known as fraud proofs — on Oct. 30, enabling users to verify withdrawals without relying on trusted third parties in a bid to “pave the way towards more community participation.”
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 Fault proofs are coming to Base mainnet on October 30th, marking a key milestone on the path to decentralization This means anyone can monitor and permissionlessly challenge invalid withdrawals, removing the need for a trusted third party The Base team has been collaborating…— Base (@base) <a href="https://twitter.com/base/status/1849199337504465335?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 23, 2024</a>
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The rollout, announced in <a href="http://x.com/base/status/1849199337504465335" target="_blank" rel="noopener noreferrer nofollow">an X post</a> on Oct. 24, represents a key milestone for Base’s decentralization strategy as the implementation will enable anyone to monitor and challenge withdrawal transactions if they are deemed invalid. Base emphasizes that the upgrade represents a shift from the current model, where only centralized proposers can submit output roots about the state of the network.
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With the new system brought to Base in collaboration with Optimism, permissionless output proposals will become a core feature on the network, allowing community members to make claims about Base’s state rather than relying on a central authority. Additionally, users will be able to challenge fraudulent or faulty claims through a decentralized mechanism, which promotes broader community participation in securing the network, according to Base’s <a href="https://docs.base.org/docs/preparing-for-fault-proofs-on-base/" target="_blank" rel="noopener noreferrer nofollow">technical documentation</a>.
The use of fault proofs, <a href="https://docs.optimism.io/stack/fault-proofs/explainer" target="_blank" rel="noopener noreferrer nofollow">first implemented</a> on Optimism, prevents the passing of inaccurate transaction data to Ethereum’s layer-1 blockchain. Built using the OP Stack from OP Labs, Coinbase’s Base network looks to create a more community-driven ecosystem, aligning with broader goals of decentralization across the Ethereum landscape.
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Base to bring Optimism’s fault-proof system to enhance decentralization

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