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Optimism introduces Fault Proofs to improve Ethereum L2 security
Web3 Ecosystem
Jun 11, 2024
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Web3 Ecosystem

Web3 Ecosystem

Jun 11, 2024

Optimism introduces Fault Proofs to improve Ethereum L2 security

Product updates

  • 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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