Optimism, an Ethereum-focused layer-2 scaling solution, has introduced Fault Proofs. These allow users to independently carry out withdrawals of ETH and ERC-20 tokens, eliminating the requirement for centralized intermediaries.
It motivates network members to uphold integrity by questioning and correcting incorrect withdrawals and offering rewards as compensation.
Even though the system operates without permission, the Optimism Security Council retains the authority to switch back to a controlled state if necessary, guaranteeing a safe progression toward the final objective of Stage 2 decentralization.
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