Coinbase’s Base Network to Launch Fault-Proof System on October 30

Coinbase’s Layer-2 Network Base to Launch Fault-Proof System

Coinbase’s layer-2 network, Base, is set to launch its fault-proof system on October 30, enabling users to independently confirm the validity of withdrawals. This new system will integrate Optimism’s fault-proof system, also known as fraud proofs, allowing users to verify withdrawals without relying on trusted third parties. This initiative aims to increase community participation and enhance decentralization.

Key Features of the Fault-Proof System

The introduction of fault proofs on Base marks a significant milestone in the network’s path to decentralization. With this system, anyone can monitor and permissionlessly challenge invalid withdrawals, eliminating the need for a trusted third party. The Base team has emphasized that this upgrade represents a shift from the current model, where only centralized proposers can submit output roots about the network’s state.

Enhanced Community Participation

By collaborating with Optimism, Base aims to promote permissionless output proposals as a core feature of the network. This change allows 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, fostering broader community involvement in securing the network.

Technical Insights

Fault proofs, first implemented on Optimism, prevent the passing of inaccurate transaction data to Ethereum’s layer-1 blockchain. Built using the OP Stack from OP Labs, Coinbase’s Base network seeks to create a more community-driven ecosystem. This aligns with the broader goals of decentralization across the Ethereum landscape.

“Fault proofs are coming to Base mainnet on October 30th, marking a key milestone on the path to decentralization.”

This rollout, announced on October 24, is a critical step in Base’s decentralization strategy. It will enable anyone to monitor and challenge withdrawal transactions if they are deemed invalid, moving away from the reliance on centralized proposers.

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