Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
OP Mainnet implements 'fault proofs' to strengthen rollup decentralization

OP Mainnet implements 'fault proofs' to strengthen rollup decentralization

The BlockThe Block2024/06/10 20:10
By:The Block

Quick Take Developers have implemented fault proofs on the OP Mainnet. The plan is extend fault proofs to other OP Stack-based chains including Base, Metal, Mode, and Zora.

OP -2.16% Labs has released fault proofs on the Layer 2 blockchain OP Mainnet — advancing the project to a stage 1 rollup in terms of decentralization.

The fault proof system allows for ether and ERC-20 token withdrawals from OP Mainnet without the need for trusted third parties — enabling users to challenge and remove invalid withdrawals. Fault proofs serve as a mechanism for Ethereum Layer 2 networks, allowing users to contest potentially fraudulent or incorrect transactions.

Before approval through Optimism’s governance structures, the implementation of fault proofs was supported by multiple core development teams in the Optimism ecosystem (or Superchain), including OP Labs, Base, and Sunnyside Labs — indicating a collaborative effort.

Previously, OP Mainnet did not have fault proofs — requiring users to trust operators to submit accurate state roots onto the mainnet.

OP Mainnet and other Optimism ecosystem chains use optimistic rollups as a scaling solution, aggregating Ethereum transactions off-chain for cheaper processing.

OP Labs — the developer of OP Mainnet — also operates a development software stack known as the OP Stack, which enables developers to launch their own Layer 2 blockchains. Crypto exchange giant Coinbase developed its blockchain, called Base , using the OP Stack.

While fault proofs are now operational on the OP Mainnet, other OP Stack chains will upgrade to include this functionality, starting with Base, Metal, Mode and Zora.

Security Council’s oversight role

While open participation in the fault-proof system is live, the Optimism Security Council can still intervene and revert the system to a permissioned state in case of system failures as part of a safe and responsible rollout. Additional safeguards allow the Security Council to effectively address system bugs, including the ability to reset withdrawals if necessary.

OP Mainnet has a roadmap towards a fully permissionless and decentralized “stage 2,” managed solely via smart contracts.

Most optimistic rollup blockchains have yet to decentralize their networks by incorporating fault proofs and maintaining decentralized contract upgrades. However, Optimism’s closest competitor, Arbitrum, also offers fault proofs.


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!