The post Base Layer 2 mainnet to launch fault proofs on October 30 appeared on BitcoinEthereumNews.com.

Base, an Ethereum Layer 2 (L2) scaling solution, will introduce fault proofs to its main net on October 30th, 2024. This upgrade is expected to foster a more decentralized environment. Under the new Layer 2 Base mainnet implementation, any party can monitor and contest an improper withdrawal transaction without centralized entities’ consent for further security. Fault proofs are coming to Base mainnet on October 30th, marking a key milestone on the path to decentralization This means anyone can monitor and permissionlessly challenge invalid withdrawals, removing the need for a trusted third party The Base team has been collaborating… — Base (@base) October 23, 2024 Base’s team enhances withdrawal processes by introducing a new upgrade The upcoming upgrade will bring some notable changes to how withdrawals are processed. First, it is essential to note that withdrawals will involve proving and finalizing using the fault proof system. As part of the transition, the contract handling output proposals, previously managed by the ‘L2OutputOracle,’ will be replaced by the ‘DisputeGameFactory.’ This change is designed to enhance the security and integrity of the Base’s state transition process. Additionally, withdrawals initiated before the upgrade will still undergo a 7-day challenge period before finalization. After the fault proof upgrade, withdrawals will similarly be proven and finalized through the new system, with a standard 7-day finalization window, subject to potential delays if any challenges arise. Base’s team has been working very closely with Optimism to ensure this fault proof mechanism is well integrated.  Base mainnet urges bridge operators to prepare for fault proof integration All teams that are operating bridges on Base mainnet are requested to inform their users and check their systems to make sure that they are compatible with the new L1 contracts and the fault proofing logic. All the necessary contract upgrades will be done…

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Filed under: News - @ October 24, 2024 9:21 am