Ethereum layer-2 blockchain, incubated by Coinbase, Base, is making strides toward decentralization. A new fault-proof system will launch on Oct. 30th, allowing users to monitor and challenge invalid withdrawals without relying on a trusted third party.
This development is a crucial step in Base’s commitment to decentralization. In a recent X post, the Base team announced the upcoming implementation of fault proofs.
They have worked closely with Optimism to ensure a secure upgrade. This system will allow users to engage more directly in the platform’s operations. Any pending withdrawals at the time of the upgrade will require re-proving.
Fault proofs are important in the road to decentralization of any given L2. They keep improving the validation and inviting more community participation.
It gives, for the first time, the possibility for anyone to propose output roots concerning the Base’s state while formerly relying fully on centralized proposers. Moreover, the users are able to challenge any faulty or fraudulent claims.
Changes to Base withdrawal process
The changes will facilitate easier withdrawals from Base to Layer 1 without depending on centralized actors. The fault-proof system will streamline the process for users, ensuring a smoother transition.
With the upgrade approaching, users should note the changes to the withdrawal process. Withdrawals before the upgrade will face a 7-day challenge period before finalization.
Those withdrawing during or after the upgrade will also follow the 7-day timeframe but may encounter further delays if any challenges arise.
It is crucial for the teams that operate bridges on the Base Mainnet to not only have information about the forthcoming fault proofs directly on their UI but also make sure the users get it through their UI.
Furthermore, they should point out the errant bridging logic and fix the issues so that the new Layer 1 contracts can be compatible.
The Base has diverted the domain bridge.base.org to Superbridge and other bridges collectively called “Superchain bridges.” These will allow easy deposits and withdrawals to and from the Base.
This change, of course, is an up-to-the-minute representation of Base’s continuous assurance that the platform’s security and dependency are well taken care of.
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