Monday, October 21, 2024

Optimism network launches testnet fault-proof system in pursuit of decentralization

189
SHARES
1.5k
VIEWS
Sign up an get up to $1000 USDT!

Related articles


OP Labs, the developer of the Optimism network, launched a testnet model of its fault-proof system, in keeping with an Oct. 3 weblog publish. As soon as it completes testing, it is going to enable for “a extra decentralized and environment friendly Superchain,” the publish acknowledged. The brand new system is presently deployed to the Optimism Goerli network.

Optimism Goerli block explorer. Supply: Etherscan

Presently, OP Stack-based networks use centralized sequencers to bundle transactions and submit them to Ethereum. Customers can’t submit fraud proofs to dam the sequencer if it submits incorrect information, creating the likelihood of fraudulent transactions being confirmed if an attacker can management it. L2Beat has warned of this danger in its report on Optimism, stating, “customers have to belief block Proposer to submit right L1 state roots.”

OP Stack-based networks like Optimism and Base are meant to be optimistic rollups — a sort of layer 2 that relies on Ethereum for its security. In a January 2021 essay, Ethereum co-founder Vitalik Buterin argued that optimistic rollups must enable customers to submit fraud proofs to dam fraudulent withdrawals to Ethereum. In any other case, they’re not actually decentralized.

In November 2022, Buterin claimed that some rollups may have “coaching wheels” that preserve them briefly centralized whereas they work on a fraud-proof system however argued that they need to work towards decentralization.

OP Labs claims the brand new fault-proof system will assist fulfill the purpose of decentralization for OP Stack networks: “The system is designed to finally allow safe bridging with out central fallback.”

Associated: BNB Smart Chain Optimism-powered layer-2 opBNB hits mainnet

As well as, it claimed the brand new system is modular, permitting every network to develop its personal system for stopping fraud. It consists of three separate parts: a fault-proof program (FPP), a fault-proof digital machine (FPVM) and a “dispute recreation protocol.” As a result of these three parts could be applied individually, it opens up the likelihood for every network to “custom-build a fault proof system.”

Based on the publish, this may create extra range in the Optimism Superchain, finally making the entire ecosystem safer. A network may even determine to make use of zero-knowledge proofs (ZK-proofs) as a sort of fraud-proof, the group acknowledged. ZK-proofs are typically utilized in zero-knowledge rollups, however not Optimistic ones.

OP Labs has been attempting to construct an interconnected internet of blockchain networks called the “Superchain.” To perform this, it created the OP Stack, a set of software program instruments that can be utilized to create {custom} blockchain networks. Avail network has created “OpEVM” software program designed to perform the identical goal whereas utilizing Avail as the bottom layer as a substitute of Ethereum. Polygon’s ZK Supernets and zero-knowledge Ethereum Digital Machine Hyperchain are different examples of Superchain rivals.

Collect this article as an NFT to protect this second in historical past and present your assist for impartial journalism in the crypto area.