The post Optimism Fault Proofs Have Arrived! What This Could Mean For Ethereum And New Star Raboo! appeared on BitcoinEthereumNews.com.

Development has rocked the DeFi sector again–that’s almost a weekly thing now–and this time, it’s coming from the Ethereum L2 networks. Optimism (OP) is achieving even more decentralization, and the upgrade spells a safe, transparent future for Ethereum (ETH). Raboo ($RABT), on the other hand, may passively benefit from the goodies in the long run, but it’s more concerned with its presale and launch now. The meme-verse is about to get rocked, too, and Raboo is the catalyst. More on Raboo and its presale in a bit. Optimism launches fault proofs on mainnet Since its launch, Optimism has been looking to introduce measures to approve withdrawals on its network, and OP is finally looking at a breakthrough. The implementation of its new fault proofs has reached the mainnet. Formerly, the Optimism Security Council held all the power to initiate withdrawals; now, the fault proofs put that power in the hands of the users while allowing them to query withdrawals, too. Of course, the changes won’t be all too drastic, as the Security Council will keep overseeing withdrawal operations as the fault proofs gradually ease into functionality. As with most DeFi projects, there hasn’t been much focus on the price. In fact, OP price is down 19% in the past week despite a raging bull run in May. Even now, experts think the Optimism price is more likely to test its $1.1 support than surge elsewhere. Experience the Raboo effect on crypto memes Memes have been a thing in the crypto-verse since 2013, but Raboo isn’t satisfied with the gap in the quality of memes recently. And its way of responding to that is a revolution–the top memes are in trouble. Raboo’s plans for a revolution are simple: release so many high quality memes that the tacky memes get choked out.…

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Filed under: News - @ June 16, 2024 3:20 pm