Coinbase’s layer 2 network, Base, is set to roll out the fault-tolerant system, allowing users to independently confirm the validity of withdrawals.
Ethereum-based network Base will integrate Optimism’s fault-tolerant system, also known as fraud proof, on October 30, allowing users to verify withdrawals without relying on trusted third parties to “pave the way for greater community engagement.”
Bug proofs are coming to the Base mainnet on October 30, marking a significant milestone on the path to decentralization
This means anyone can monitor and query invalid withdrawals without permission, eliminating the need for a trusted third party
The Base team is collaborating…
— Baz (@taban) 23 October 2024
Announced in an Base emphasizes that the upgrade represents a shift from the current model, where only central bidders can send output roots about the state of the network.
With the new system being introduced to Base in collaboration with Optimism, permissionless output recommendations will become a core feature on the network, allowing community members to make claims about the state of Base rather than relying on a central authority. Additionally, according to Base’s technical documentation, users will be able to challenge fraudulent or erroneous claims through a decentralized mechanism that encourages broader community participation in the security of the network.
The use of error proofs, first implemented in Optimism, prevents erroneous transaction data from being transferred to Ethereum’s layer 1 blockchain. Built using OP Labs’ OP Stack, Coinbase’s Base network aims to create a more community-driven ecosystem that aligns with broader decentralization goals in the Ethereum environment.